1. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
A. $25.00 B. $400.00 C. $250.00 D. $40.00
My choice is either A C or D?
I divided 100,000.00 by 2,500 and got exactly 40. But again as I said not sure?
2. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
A. $5,928.00 B. $4,788.00 C. $5,472.00 D. $3,800.00
I am saying A?
Am I right?
This is probably the answer programmed into the answer key.
However, your information appears to be out of date. According to this site, stocks have no intrinsic par value.
http://www.investopedia.com/ask/answers/106.asp
Yes, 2 is A.
3. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost?
A. $11,591.28 B. $11,541.28 C. $10,938.00 D. $11,547.00
My answer would be A?
Am I right?
Yes, Right again!
3. A
Ms.Sue do you know in any way how to solve number 1. I read the site but don't know how to solve the question?
I already told you that D is probably the answer that's programmed into the answer key for number 1.
5. Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three years?
A. $14,560 B. $27,052 C. $12,005 D. $14,000
I would say B or D?
Please correct if I am wrong some where.