Answer:
- Invest $8,470 in X
- Invest $2,530 in Y.
Explanation:
The following expressions can be formed;
Let x and y be the proportions
x + y = 1
0.15x + 0.1y = 13.85%
Expressing y in terms of x;
x + y = 1
y = 100 - x
0.15x + 0.1 ( 1 - x) = 13.85%
0.15x + 0.1 - 0.1x = 13.85%
0.05x = 13.85% - 0.1
x = 13.85%0.05 - 0.1/0.05
x = 77%
Invest 77% in X = 77% * 11,000
= $8,470
Invest in Y
= 11,000 - 8,470
= $2,530
Answer:
Profit of $8,500
Explanation:
Strike Price = $90,000
Premium = $1,500
Break even point = Strike price - Premium
Break even point = $90,000 - $150
Break even point = $88500
Profit = Break even point - Share price
Profit = $88,500 - $80,000
Profit = $8,500
Answer and Explanation:
The computation of the depreciation expense and book value at the end of 2016 is shown below:
But before that first determine the cost of the asset which is
Cost of the asset is
= Purchase price + rear hydraulic lift + sales tax
= $62,000 + $8,000 + $3,000
= $73,000
Now the depreciation expense is
= ($73,000 - $8,000) ÷ (10 years)
= $6,500
ANd, the book value is
= $73,000 - $6,500 × 2
= $60,000
Answer:
The correct option is 2
Explanation:
Let us assume the current value of the investment be x
And the annual growth factor of the investment is 1.2
1. The investment value has increased or risen by 44% since it was first made
It is known that the combined growth factor of the investment is 1.44 and no information is stated regarding the actual ($) values. Therefore, the unique value could not be computed.
So, this statement lacks information and insufficient to solve for x.
2. 1 year ago, the withdrawn money worth is $600 and at present the worth of the investment would be 12% less than the actual worth.
1 year ago, the value of the investment was x / 1.2. So, the equation could be set up regarding the withdrawal.
The equation would be:
= (x/ 1.2- 600) × (1.2)
=0.88x
Therefore, the unique value to could be answered and the sufficient to answer.
NOTE: The options are missing. So I am providing the answer with the options.
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