Ava bought 3000 shares for $8.20 each. a) Ava is charged a brokerage fee of 8.5...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ava bought 3000 shares for $8.20 each. a) Ava is charged a brokerage fee of 8.5 cents per share. What is the total cost of purchasing the shares? b) Three months later, a dividend of 42 cents per share was paid. What was the total dividend Ava received? c) Ava sold the shares after receiving the dividend for $8.50 each. She was charged a brokerage fee of 7.5 cents per share for the 1st 2000 shares and 6.5 cents per share afterwards. What was the profit on these shares? Nathan possesses 555 ordinary shares priced at $4 each and 353 preference shares priced at $3 each. The present values of the ordinary and preference shares stand at $5.50 and $4.80, correspondingly. The dividend for the ordinary share's amounts to 70 cents, while for the preference shares, it is 4.6% of their value. Determine Nathan's total dividend. The cost of a boat is $245000, and it depreciates at a rate of 15% per annum. What will be its worth 5 years after the purchase? Miller's Movers acquired a new truck, and after 2 years, its value depreciated to $37,800 at a declining-balance rate of 22% per annum. a) How much did Miller pay for the truck, to the nearest dollar? b) What is the expected value of the truck after 4 years, to the nearest dollar? b) What is the expected value of the truck after 4 years, to the near A new motorcycle is valued at $18,000. After two years using the declining-balance method, it is valued at $11,000. a) Determine the annual percentage rate of depreciation. Provide the answer accurate to three decimal places. b) What is the value of the new motorcycle after four years? Provide the answer to the nearest dollar. The percentage rate of depreciation of some items is not always consistent from year to year. Eleanor is able to depreciate the value of her boat by 30% in the first year, 20% in the second year, and 15% in the third year. a) If Eleanor's boat cost $45,000, what is the salvage value of the boat after three years? b) What would be the equivalent annual percentage rate of depreciation? Provide your answer to the nearest whole number. a) If Sandra takes out a reducing-balance personal loan of $10000 to fund her wedding, with an annual interest rate of 6.5%, and she makes the minimum monthly repayment of $400. What is the interest paid for this loan? b) What is the equivalent flat interest rate charged per annum on this loan? Answer correct to one decimal place. Ava bought 3000 shares for $8.20 each. a) Ava is charged a brokerage fee of 8.5 cents per share. What is the total cost of purchasing the shares? b) Three months later, a dividend of 42 cents per share was paid. What was the total dividend Ava received? c) Ava sold the shares after receiving the dividend for $8.50 each. She was charged a brokerage fee of 7.5 cents per share for the 1st 2000 shares and 6.5 cents per share afterwards. What was the profit on these shares? Nathan possesses 555 ordinary shares priced at $4 each and 353 preference shares priced at $3 each. The present values of the ordinary and preference shares stand at $5.50 and $4.80, correspondingly. The dividend for the ordinary share's amounts to 70 cents, while for the preference shares, it is 4.6% of their value. Determine Nathan's total dividend. The cost of a boat is $245000, and it depreciates at a rate of 15% per annum. What will be its worth 5 years after the purchase? Miller's Movers acquired a new truck, and after 2 years, its value depreciated to $37,800 at a declining-balance rate of 22% per annum. a) How much did Miller pay for the truck, to the nearest dollar? b) What is the expected value of the truck after 4 years, to the nearest dollar? b) What is the expected value of the truck after 4 years, to the near A new motorcycle is valued at $18,000. After two years using the declining-balance method, it is valued at $11,000. a) Determine the annual percentage rate of depreciation. Provide the answer accurate to three decimal places. b) What is the value of the new motorcycle after four years? Provide the answer to the nearest dollar. The percentage rate of depreciation of some items is not always consistent from year to year. Eleanor is able to depreciate the value of her boat by 30% in the first year, 20% in the second year, and 15% in the third year. a) If Eleanor's boat cost $45,000, what is the salvage value of the boat after three years? b) What would be the equivalent annual percentage rate of depreciation? Provide your answer to the nearest whole number. a) If Sandra takes out a reducing-balance personal loan of $10000 to fund her wedding, with an annual interest rate of 6.5%, and she makes the minimum monthly repayment of $400. What is the interest paid for this loan? b) What is the equivalent flat interest rate charged per annum on this loan? Answer correct to one decimal place.
Expert Answer:
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
Students also viewed these finance questions
-
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Describe how price variances create incentives to build inventories.
-
PartsTech, Inc., a manufacturer of rechargeable batteries for phones, cameras, and other personal electronic devices, signed a contract with an electronics company to produce three different...
-
Explore the TCO calculator shown in Figure C-1 that Amazon.com provides for estimating value in migrating to the cloud using their AWS infrastructure for a hypothetical product. Comment on the...
-
Tandrin Aviation Holdings Ltd. agreed to sell a jet aircraft to Aero Toy Store, LLC, for \($31.75\) million. ATS paid a \($3\) million deposit to a third party with the balance due upon delivery....
-
Private College Transactions. Elizabeth College, a small private college, had the following transactions in fiscal year 2011. 1. Billings for tuition and fees totaled $5,600,000. Tuition waivers and...
-
Brand X copier advertises that its copiers run 23% longer between service calls than its competitor. If Brand X copiers run 65,000 copies between services, how many copies would the competitor run?...
-
Use the data in VOLAT.RAW for this exercise. (i) Confirm that Isp500 = log(sp500) and lip = log(ip) appear to contain unit roots. Use Dickey-Fuller tests with four lagged changes and do the tests...
-
Two identical conducting spheres, fixed in place, attract each other with a force of 0.144 N when their center-to-center separation is 40.0 cm. The spheres are then connected by a conducting wire....
-
2. Sketch the mechanical model and derive the mathematical equation for the below figure. How many independent energy storing elements are in the system? Does it match the order of your two...
-
Following is a list of account balances of Tanner Lawn Services as of December 31, after the first year of operations. Accounts Receivable Accounts Payable $7,100 6,900 Salaries Expense 7,800 Repairs...
-
Step 1: Risk Assessment and Identification Effective fraud detection and prevention begin with a comprehensive risk assessment. Civil engineering projects involve financial transactions, procurement...
-
Step 1: Recognition and Measurement of Deferred Taxes ASC 740, also known as Accounting for Income Taxes, primarily deals with the recognition and measurement of deferred taxes. Deferred taxes arise...
-
Accounts Payable had a normal beginning balance of $ 5 0 0 . 5 0 0 . During the period, the company made purchases on account of $ 1 , 0 0 0 1 , 0 0 0 and paid cash on account of $ 4 0 0 . 4 0 0 ....
-
You are in charge of calculating a single-phase-to-ground fault at the point indicated in the system shown in Figure 1. Your first task is to draw the sequence networks and connect them considering...
-
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
-
A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 18,547.23 and b = 0.8625. What is the rate of depreciation 4 for this car? How much...
-
Rosanne is selling her Corvette. She wants to include a photo of her car in the ad. Three publications give her prices for her ad with the photograph: Lake Success Shopsaver ........................
-
The Consumer Credit Counseling Service suggests that the monthly food budget be between 15-30% of income. a. What is Laura's total monthly food bill including dining out? b. What percent of her...
-
Interview three heads of household, each from a household representing a different stage of the life cycle orsocioeconomic status. Inquire about their financial planning process and their strategies...
-
Jimmy, an accountant, and Bethany just returned from their honeymoon in the Bahamas. They celebrated their marriage and the completion of Bethany's M.B.A. program. They have been encouraged by their...
-
Review the six financial accomplishments that may result from studying personal finance. In your opinion, which three are most important? Why?
Study smarter with the SolutionInn App