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polet [3.4K]
3 years ago
9

Simon decided to invest $8,000 in the stock market one day early in 2008. Six months after he invested, on July 17, the stocks h

e had purchased were down 50%. Fortunately for Simon, from July 17 to October 17, the stocks he had purchased went up 75%. At this point, Simon has:
Business
1 answer:
Dmitriy789 [7]3 years ago
3 0

Answer:

At this point, Simon has lost $1,000 of his money.

Explanation:

This can be determined by calculating the current value of Simon's investment as follows:

Initial amount invested = $8,000

Value of the investment on July 17 = Initial amount invested * (100% - Percentage of loss) = $8,000 * (100% - 50%) = $4,000

Value of the investment on October 17 = Value of the investment on July 17 * (100% + Percentage of increase) = $4,000 * (100% + 75%) = $7,000

Amount of loss on October 17 = Initial amount invested - Value of the investment on October 17 = $8,000 - $7,000 = $1,000

Therefore, at this point, Simon has lost $1,000 of his money.

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How much do u guys hate me?<br> 1, a little <br> 2, a lot <br> or <br> 3, so much!!!!!
anygoal [31]

Answer: 1.-a little

explain- I don't even know you but you don't seem mean

6 0
3 years ago
After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes
Sauron [17]

The correct answer is A) alignment.

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

7 0
3 years ago
You are saving money to buy a car. If you save $ 320 per month starting one month from now at an interest rate of 9​%, how much
12345 [234]

Answer:

$24135.72

Explanation:

Given pmt 320, r 9% n 5 years

This amount is paid monthly s\and there are 12 months in a year

r = 9%/12 =0.75%

n = 5* 12 =60

We will use the future value of annuity

FV = pmt *[(1+r)^n - 1/r)]

      = 320 *[(1+0.0075)^60-1/0.0075

       =$24135.72

6 0
3 years ago
Read 2 more answers
A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
Dominik [7]

Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

The hypothesis is:

Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200

= -2.56

Using this z value as the test statistic, perform a two-tailed test to show:

= P( Z < -2.56) + P(Z > 2.56)

= 0.0052 + 0.0052

= 0.0104

The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

Find out more on the null and alternate hypothesis at brainly.com/question/25263462

#SPJ1

8 0
2 years ago
Cullumber Company’s 12/31/21 balance sheet reports assets of $11450000 and liabilities of $4890000. All of Cullumber’s assets’ b
Arturiano [62]

Answer:

$4,392,000

Explanation:

For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Asset balance + fair value of land  - liabilities balance

= $11,450,000 + $690,000 - $4,890,000

= $7,250,000

And, the acquire value is $11,642,000

So, the goodwill would be  

= $11,642,000 - $7,250,000

= $4,392,000

4 0
4 years ago
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