During 24, Alice Gonzales purchased  100  shares of common stock issued by Doctor's Medical Supply for  $8100  including commission. Later in the same year, Alice sold the shares for  $9200  after commission. Calculate the following. (Round all answers to two decimal places.) 1. Profit on this stock transaction: $ 2. Percentage return on investment:

Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student…

A:

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: You decide to save for a car costing $1200 (You are a big spender). You want to make deposits for 24…

A:

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

A:

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

A:

Q: The stock of a fast-food restaurant chain pays a dividend of $0.67. If the share price for this…

A: The objective of this question is to calculate the dividend yield of a stock. The dividend yield is…

Q: Two customers took out loans from a bank. . - John took out a 3-year loan for $6,000 and paid 4.3%…

A:

Q: Suppose that you decide to buy a car for $24,635, including taxes and license fees. You saved $6000…

A: Simple interest formula for an amount P at an interest rate of r% for t years is given by the…

Q: Suppose that you decide to buy a car for $32,635, including taxes and license fees. You saved $9000…

A:

Q: A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be…

A: The depreciation formula is given by; W=C(1-d100)n where C is the current worth and w is the worth…

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

A:

Q: Pretend that you buy a $200 dollar stock. A. If the price goes up 10% on Monday, up 5% on Tuesday,…

A:

Q: Suppose you want to buy a new car that costs ​$32, 900. You have no cash only your old​ car, which…

A: A new car costs $32, 900. You have no cash only your old​ car, which is worth $3000 as a​ trade-in.…

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A:

Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Daisy Rose has a credit card that charges a finance charge on the previous balance according to the…

A: Solution: Given: Daisy Rose has a credit card that charges a finance charge on the previous balance…