Answer: negative balance 26-4-8(4)
22-8(4)
22-32
-10
Step-by-step explanation:
Answer:
what do you need help with
Step-by-step explanation:
Number of stocks held = 30
Price at which each shares of Lofty Cheese Company bought = 20 1/4
= (81/4) dollars
Price at which each shares of Lofty Cheese Company sold = 25 1/4
= (101/4) dollars
Amount of profit made per share of Lofty Cheese Company = [(101/4 - (81/4)] dollars
= (20/4) dollars
= 5 dollars
Amount of profit made for 30 shares of Lofty Cheese Company = (30 * 5) dollars
= 150 dollars.
So you will make a profit of $150.The correct option in regards to the question given is option "C".
