Answer:
Correct option is 6.59
Explanation:
Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:
= $6.59
Therefore, Stock's price in the beginning of the year is $6.59.
Answer:
B. $97000
Explanation:
Given that
Estimated selling price = 102000
Estimated selling cost = 5000
Recall that
The net realizable value which is NRV
= Estimated selling price - estimated selling cost
Thus,
NRV = 102,000 - 5000
= 97000
Therefore, the estimated net realizable value is $97000.
Note, the other parameters listed are not used in estimating NRV.
Answer: True
Explanation:
Hybrid cars use both electricity and gasoline motors and engines. The concept behind this is that the electricity gives the car better acceleration and the gasoline then maintains it.
Developed countries tax gasoline due to its emissions but don't really tax electricity. On realizing this, designers recognized that they could combine both gasoline and electricity to create hybrids that would decrease the cost of taxation of using gasoline.
