Answer:
The tax is $1.88
Step-by-step explanation:
7.5% = 0.075 (divide by 100)
0.075 * $25 = 1.875 or $1.88
574.54-396.23= 178.31
So Y=178.31
Answer:
<u>The correct answer is C. 600 shares worth $16.67 each </u>
Step-by-step explanation:
1. Let's review the information provided to us to answer the question correctly:
Number of old shares Jim owns in Gamma Vision Inc = 400
Value of each share = $ 25
Ratio of new shares : old shares after the split = 3:2
2. How many shares will he have after the split and how much will each be worth? Select the best answer from the choices provided.
A. Let's use the ratio provided to calculate the number of new shares Jim will own, this way:
New shares = 400 * 3/2 = 1,200/2 = 600
B. Let's calculate the price of the new share, this way:
The total value of the new shares should be the same than the total value of the old shares, then:
400 * 25 = 600 * x
10,000 = 600x
x = 10,000/600 = 16.67
<u>The correct answer is C. 600 shares worth $16.67 each </u>
Answer:
1233
Step-by-step explanation:
Divide the total number by 2 because it's half
−2.72 or -68/25
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