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LUCKY_DIMON [66]
2 years ago
10

Catherine bought 355 shares of Trochel Office Supplies at $31. 29 per share. Several months later, the price went up and she sol

d them at $49. 88 per share. How much profit did Catherine make? a. $28,815. 35 b. $17,707. 40 c. $6,599. 45 d. $11,107. 95.
Business
1 answer:
goblinko [34]2 years ago
5 0
The correct answer would be 17707.40
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Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
Suppose that the weight (in pounds) of an airplane is a linear function of the amount of fuel (in gallons) in its tank. When car
Katarina [22]

Answer:

How much does the airplane weigh if it is carrying 55 gallons of fuel?

2433 pounds

Explanation:

W= (2124-1964 )÷(35-10)  

w= 160÷ 25    

w= 6,4      

w= (2331-x)÷ (42-58 )

   

6,4= (2331-X)÷42-58

   

X= 6,4*16+2331  

   

X= 2433  

7 0
3 years ago
Which of the following can be defined as saving, according to economics? a. Andrea finances her new car through an auto loan. b.
Anton [14]

Answer:

Option c. General Motors issues corporate bonds.

Explanation:

The corporate bonds are bonds that are used by companies as a way of raising capital. In essence, a corporate bond is a bond that is issued by a large corporation mainly for the purposes of financing of a project. In addition, the bonds are also a means of business expansion. Thus, general motors, in its action, is raising capital for later expansion.  

7 0
3 years ago
Read 2 more answers
In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollecti
frosja888 [35]

Answer:

$230,000

Explanation:

Given:

Trade accounts receivable = $250,000

Uncollected accounts = $20,000

Computation:

Total Amount Of Risk = (Trade Account receivable - Uncollected Accounts)

=( $250,000 - $20,000)

= $230,000

No , Any financial loss danger off-balance sheet resulting from registered accounts or receivable notices not include in it.

6 0
3 years ago
In economics, what is logrolling?
statuscvo [17]
B. The trading of favors.
7 0
3 years ago
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