Justins stock portfolio increased in value during the year, and the balance on his mortgage declined. What
Question:
Justin’s stock portfolio increased in value during the year, and the balance on his mortgage declined. What happened to his net worth over the course of the year?
Step by Step Answer:
Justins net worth increased since his as...View the full answer
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
Students also viewed these Business questions
-
Neils common stock portfolio increased in value over a two-month period from $78,900 to $84,300. What were the simple and effective annualized rates of total return over the period?
-
As the Japanese yen appreciated in value during the 1980s and 1990s, more Japanese auto companies built manufacturing plants in other parts of Asia and in the United States. What impact did this have...
-
If $4,026 was withheld during the year and taxes owed were $4,050, would the person owe an additional amount or receive a refund? What is the amount?
-
Evaluate the limit using continuity. lim tan(x - y) (x,y) (2,3)
-
Dunn Company recognized a $ 5,000 unrealized holding gain on investment in Starbuckss common stock during 2013. The company classified its investment as an available- for- sale security. How would...
-
A cylindrical rod 120 mm long and having a diameter of 15.0 mm is to be deformed using a tensile load of 35,000 N. It must not experience either plastic deformation or a diameter reduction of more...
-
Read about the ZZZZ Best Carpet Cleaning fraud. What schemes did the fraudsters use?
-
Presented below is the December 31 trial balance of New York Boutique. Instructions(a) Construct T-accounts and enter the balances shown.(b) Prepare adjusting journal entries for the following and...
-
Required information [The following information applies to the questions displayed below] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During...
-
The U.S. Department of Energy provides fuel economy information for a variety of motor vehicles. A sample of 10 automobiles is shown in Table 1.6 (Fuel Economy website, February 22, 2008). Data show...
-
Psychology. Explain how credit card usage can affect your spending habits.
-
How does a personal balance sheet help you track your net worth?
-
A student drove to the university from their home and noted that the odometer reading of their car increased by 12.0 km. The trip took 18.0 min. (a) What was their average speed? (b) If the straight-...
-
For the following simply supported beam: a) Determine equations for V(x) and M(x) for sections 0 x 14 and 14 x20. Box your answers. b) Roughly sketch the shear and bending moment diagram for the...
-
You are preparing for a top-level meeting between the Minister of International Trade, the Minister of Foreign Affairs, and senior business executives representing several multinational corporations...
-
1. A rope AB 6 m long is connected at two points A and B at the same level 4.5 m apart. A load of 2000 N is suspended from point C on the rope at 2 m from A, as shown in the figure below. What load...
-
Assume that Fake Stone, Inc. is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The Companys sales...
-
A given hardware contains 5 logic blocks that require 20ns, 35ns, 15ns, 50ns and 25ns respectively. The latches require 10ns to load. To speed up the operation, you pipelined the hardware. Draw your...
-
Kaisha Company engaged in the following activities during the year: Service Revenue, $13,200; Rent Expense, $1,200; Wages Expense, $8,340; Advertising Expense, $1,350; Utilities Expense, $900; and...
-
An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity in earnings of affiliates. Journalize the entry that Campbell would have made to record this...
-
Your employer, a large MNC, has asked you to assess its transaction exposure. Its projected cash flows are as follows for the next year. Assume that the movements in the Danish krone and the British...
-
What factors affect a firms degree of transaction exposure in a particular currency? For each factor, explain the desirable characteristics that would reduce transaction exposure.
-
Kopetsky Co. has net receivables in several currencies that are highly correlated with each other. What does this imply about the firms overall degree of transaction exposure? Are currency...
-
The allocation of common costs to segments is Blank______. Multiple choice question. useful in segment management decision making arbitrary and possibly misleading done to provide more relevant...
-
Multiple Choice Question When Student Name Sales and Service purchases inventory from a vendor, but does not pay instantly, this is recorded as a credit to: Multiple choice question. Merchandise...
-
Companies such as Microsoft, Google, and Starbucks each have large amounts of short-term investments in marketable equity securities that can: Multiple choice question. produce both dividend income...
Study smarter with the SolutionInn App