Question
In: Finance
The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63. The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13 Which of the following is true?
The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63. The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13 Which of the following is true?
a) On June 23, 2020, Stock Y is 32.77% less than it was on June 23, 2019.
b) On June 23, 2020, Stock Y is 32.77% more than it was on June 23, 2019
c) On June 23, 2020, Stock Y is 48.73% more than it was on June 23, 2019.
d) On June 23, 2020, Stock Y is 48.73% less than it was on June 23, 2019.
e) On June 23, 2020, Stock Y is 67.23% less than it was on June 23, 2019.
Solutions
Expert Solution
price for Stock Y on June 23, 2019 at 10 a.m.= $7.63
price for Stock Y on June 23, 2020 at 10 a.m.= $5.13
The % change in the price would be = (5.13-7.63)/7.63
= -32.77%
So, the stock price of Y has declined by 32.77% in a year time. Option A
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Product
Price 2019
Quantity 2019
Price 2020
Quantity 2020
Food
$10
1,000
$12
1,200
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$40
400
$48
500
Education
$100
600
$120
120
Health care
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300
$240
360
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As of December 31, 2019 and June 30, 2020
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2019
2020
Liabilities
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2020
Cash
$700
Accounts payable
$550
Accounts receivable
50
Salaries payable
50
Total current assets
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Interest payable
0
Equipment
500
Total current liabs
600
Acc. depreciation
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Notes payable
100
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100
Retained earnings
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The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
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30th June 2020
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30th June 2019
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Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30 June 2020...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
June 2020 are:
2020
‘000
2019
‘000
Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft
24
22.80
Accounts Payable...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30 June 2020...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
June 2020 are:
30th JUNE 2020
‘000
30th JUNE 2019
‘000
Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft...
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2021...
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