A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, which one of the following statements would be true?
A. You’ll suffer a loss of $150.B. You’ll make a profit of $15.
C. You’ll suffer a loss of $15.
D. You’ll make a profit of $150.
Consumer Math
- A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
- Lorenzo has a checkbook balance of $118.00. He writes two checks, one for $9.00 and one for $84.25. He then deposits $95.00. Finally, he uses his calculator to determine his new balance. Which one of the following series represents the correct order in which he should press the keys on his calculator?
- Which of the following devices imparts ownership in a corporation?
- A __ is invested by managers in a diversity of stocks, bonds, and other securities.
- A master plan is devised for
- 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?
- John Gray bought a basic car for $8,250.00, with options that cost $324.00. There’s a 6% sales tax in his state and a combined $50.00 license and registration fee. What was John’s total cost?
- Which of the following best describes term life insurance?
- The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
- The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?
- The major difference between a calculator and a computer, when performing calculations, is that a
- 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?
- With ___ insurance, the insured agrees to pay a specific premium each year until death.
- Car insurance that pays for your injuries when you’re in an accident in your car is
- What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
- Which of the following is intended primarily to enhance a person’s tax advantage and retirement income?
- In a health insurance policy, a statement that an applicant won’t be covered for a certain pre-existing condition is called a/an
- ____ health insurance coverage pays for at least part of hospital costs and fees.