Lenda earns P720,000.00 annually and is able to place 1/3 of this in savings. If she uses 50% of her savings to buy some stocks every year, how much will she be investing annually in stocks? Select one: O a. P320,000.00 O b. No answer O c. P360,000.00 O d. P120,000.00 e. P240,000.00

Lenda earns P720,000.00 annually and is able to place 1/3 of this in savings. If she uses 50% of her savings to buy some stocks every year, how much will she be investing annually in stocks? Select one: O a. P320,000.00 O b. No answer O c. P360,000.00 O d. P120,000.00 e. P240,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Lenda earns P720,000.00 annually and is able to place 1/3 of this in savings. If she uses 50% of her savings to buy some
stocks every year, how much will she be investing annually in stocks?
Select one:
O a. P320,000.00
b. No answer
c. P360,000.00
d. P120,000.00
O e. P240,000.00

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I believe the answers is 701.12