Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 16, 2023

Kyle buys $30,000 of company XYZ's shares, at a share price of $100. A year later, XYZ's share price is $130, and Kyle sells all

Kyle buys $30,000 of company XYZ's shares, at a share price of $100. A year later, XYZ's share price is $130, and Kyle sells all his shares. How many dollars did Kyle's investment gain?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Kyle bought 30000 worth of company XYZs shares at a share price of 100 Therefore he in... blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students explore these related Finance questions

Question

On May 14 2014 Lennon realized a 106800 before taxes insurance gain on the expropriation of investments originally purchased in 2000 On December 31 2014 Lennon recorded net income of 338400 before...

Answered: 3 weeks ago

Question

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 3 weeks ago

Question

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 3 weeks ago

Question

When the government allows private firms to extract minerals offshore or on public lands, two common means of sharing in the profits are bonus bidding and production royalties. The former awards the...

Answered: 3 weeks ago

Question

Write an expression that describes the pressure variation as a function of position and time for a sinusoidal sound wave in air, if A # 0.100 m and Pmax = 0.200 N/m2.

Answered: 3 weeks ago

Question

Determine the total cost of the purchase of merchandise under differing freight terms.

Answered: 3 weeks ago

Question

If you were a clinical psychologist, what efforts would you make to ensure that you did not experience personal problems or burnout that impaired your work?

Answered: 3 weeks ago

Question

Summaries of the 2015 statements of cash flows for five different companies follow. For each company compute the missing dollar amount, and briefly describe the companys cash management policy...

Answered: 3 weeks ago

Question

After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 22.00 years. To build up your retirement fund, you will make quarterly payments into...

Answered: 3 weeks ago

Question

Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following transactions occurred in February: Required 1. Journalize the transactions. Beginning balances of...

Answered: 3 weeks ago

Question

6. (4 puntos) Una empresa fabrica focos que tienen una duracion distribuida aproximadamente en forma normal. Si una muestra de 25 focos tiene una vida promedio de 780 horas, con una desviacion de 40...

Answered: 3 weeks ago

Question

Offset 00000000 00000010 00000020 00000030 00000040 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00000050 40 00 00 00 40 00 00 00 80 00 00 00 FE 2F 00 00 04 00 00 00 26 98 02 80 00 01 06 00 00 06...

Answered: 3 weeks ago

Question

1. The following diagram shows a glancing collision of mass 1 and mass 2. Assume that the masses are the same and the surface has no friction. Before Collision After Collision horizontal axis Mass 2...

Answered: 3 weeks ago

Question

1. Mrs. Kapoor has been accumulating mutual funds over the past two years. She decides to sell her holdings on January 31, 2017, on which date the value of her investments is as shown below. What is...

Answered: 3 weeks ago

Question

9 Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.10 per hour. During October, the company actually uses 11,000 hours of direct labor at a $168,300 total cost to...

Answered: 3 weeks ago

Question

April Sandra Wong, Vice President Human-Resource Department Robinson Enterprises 55123 W. Robinson Lane Prosperity, CA 99923 Dear Sandra Wong It was a pleasure speaking with you this afternoon...

Answered: 3 weeks ago

Question

Dinklage Corporation has 10.1 million shares of common stock outstanding. The current share price is $58, and the book value per share is $5. The company also has two bond issues outstanding. The...

Answered: 3 weeks ago

Question

Solve each equation or inequality. |6x8-4 = 0

Answered: 3 weeks ago

Question

The High Value (HV) chain of discount appliance stores, started in 1988 with the merger of three smaller chains, achieved sales in excess of $28 billion under the respected leadership of its CEO,...

Answered: 3 weeks ago

Question

Since the time that companies began to hire full-time diversity managers, they often have tried to make their organizations more hospitable to people of allsexes. Atlantic Information Systems Inc. is...

Answered: 3 weeks ago

Question

You are a marketing professional who is offered a promotion that would place you as the leader of a team developing a new recreational vehicle. This vehicle has a rough ride and few amenities but can...

Answered: 3 weeks ago

Question

Darla sells roses in a competitive market where the price of a rose is $5. Use this information to fill out the revenue columns in Table 13P-1.

Answered: 3 weeks ago

Question

In what ways are profit-maximizing and loss-minimizing the same? In what ways are they different?

Answered: 3 weeks ago

Question

Suppose an industry consists of many firms with identical cost structures, represented by the typical individual firm in panel A of Figure 13P-4. Price is P1. With the aid of panel A, draw the...

Answered: 3 weeks ago

Previous Question Next Question