Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

A person has $30,000 invested in Almerit and Biomax stocks. Almerit currently sells for $30 a share and Biomax sells for $60 a share. If

A person has $30,000 invested in Almerit and Biomax stocks. Almerit currently sells for $30 a share and Biomax sells for $60 a share. If Biomax doubles in value and Almerit goes up 50%, then it will be worth $57,000. How many shares of Almerit does this person own? O 17.240 O 200 400 67

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

5.1. Describe the key features of intellectual disability and the way in which children with this condition can vary in terms of their adaptive functioning. Differentiate intellectual disability from...

Answered: 1 week ago

Question

★★★★★

Powerdyne Companys cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 40% of the next months budgeted cost of goods sold....

Answered: 1 week ago

Question

★★★★★

2. Corporate valuation model Aa Aa E Purple Panda Pharmaceuticals Inc.'s free cash flows (FCFS) are expected to grow at a constant long-term growth rate (9L) of 7% per year into the future. Next...

Answered: 1 week ago

Question

★★★★★

4 Skipped Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the...

Answered: 1 week ago

Question

★★★★★

What steps normally comprise the critical path on a Gantt Chart?(LO5.2)

Answered: 1 week ago

Question

★★★★★

QUESTION 5 10 points Save Answer It is believed that the weight of the crystal (Y) (in grams) is linearly related to the hours (X) it is allowed to form. A sample of 14 crystals is taken with the...

Answered: 1 week ago

Question

★★★★★

Question 2 Assuming you are the project procurement manager for Mainstream Renewable Power, write a letter to the Department of Minerals and Energy (the client and initiator of the projects)...

Answered: 1 week ago

Question

★★★★★

Find f?(x) for the following and factor the answer completely, if possible: 3. f(x) = (1 x) In (sin 3x) 3) 4. f(x)= = 3x+1 (2x-1)5 4) 2

Answered: 1 week ago

Question

★★★★★

(a) A machine is set up such that the average content of juice per bottle equals . A sample of 100 bottles yields an average content of 270ml. Assume that the population standard deviation 45ml. Find...

Answered: 1 week ago

Previous Question Next Question