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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
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.
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