Question: Please help with the following? I can't determine the answer. Firm A has $7,600 in sales. The profit margin is 3 percent. There are 5,100
Please help with the following? I can't determine the answer.
Firm A has $7,600 in sales. The profit margin is 3 percent. There are 5,100 shares of stock outstanding, with a price of $1.30 per share. If you invest in the firm, What is your return on each dollar invested?
A$0.068
B$0.034
C$0.043
D$0.081
E$0.015
To purchase a car, you are willing to pay a cash down payment of $2,500, together with taking a loan of $200 a month for four years. The interest rate (APR) is 4.9 percent, compounded monthly. The loan payments start right away. What price car can you afford to purchase? Hint: Price is the sum of down payment and the PV of the loan.
A $9,149.36
B $7,686.42
C $10,581.93
D $11,237.23
E $8,139.03
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