Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* * * * ( please solve these questions in easy wasy which is easy to memorise ) * * * 1 4 Ava bought

****(please solve these questions in easy wasy which is easy to memorise)***14 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 1 st 2000 shares and 6.5 cents per share afterwards. What was the profit on these shares?
15 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.
16 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?
17 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?
18 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.
19 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.
20
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.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

The Principles Of Project Finance

Authors: Rod Morrison

1st Edition

1409439828, 9781409439820

More Books

Students also viewed these Finance questions

Question

What are the requirements for effective learning at work?

Answered: 1 week ago