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?
A. You made a profit of $75.00.
B. You suffered a loss of $75.00.
C. You made a profit of $705.00.
D. You suffered a loss of $630.00.
What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
A. Shop around for a car loan.
B. Obtain car insurance.
C. Study the car market.
D. Test-drive the car
The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
A. liability
B. collision
C. no-fault
D. medical
OK, SO I THINK THAT NUMBER 8 IS A OR B.
NUMBER 9.. WELL I HAVE NO IDEA.
NUMBER 11 A OR B.
PLEASE HELP! IM SO CONFUSED!
AND PLEASE IF YOU ARE NOT GOIN TO HELP ME.. DONT ANSWER IT IF YOU ARE GOING TO BE RUDE ABOUT IT.. OK?
THANX :]
2007-02-15 06:29:14 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
#8 = A
Purchase price = 20 x $31.50 = $630
Selling price = 20 x $35.25 = $705
Profit = $705 - $630 = $75
#9 = C
(A) can be eliminated, because if you purchase the car with cash, no loan will ever be needed.
(B) can be eliminated, because the insurance will depend on what type of car you actually get. You need to decide what type of car to get first.
(D) can be eliminated, because you need to decide what type of car to test drive. You could also argue that test driving IS studying the car market. For example, I'm a big guy and would need to see if a car is even suitable for me.
#11 = B
The LAW requires you to have liability insurance before you can drive the car. However, the BANK will want to protect THEIR money, so it is collision insurance they will want you to have. Liability insurance doesn't do anything to protect their loan to you if you total the car and make it worthless.
2007-02-16 02:53:09 · answer #1 · answered by Randy H 4 · 0⤊ 0⤋
1st question is A: if you have 20 shares of stock and sold them at profit of $3.75 (35 1/4 - 31 1/2). You made a profit (because you sold a stock higher than what you paid for it) of $75 (20 x 3.75)
2nd question is an opinon question, but the best choice is A. Before looking for a car at all, its best to know you can actually
buy the car.
3rd question is def A as well, it is US law that all motor vehicles be covered by liability insurance (in case you hurt someone in an accident, the injured person can collect damages)
2007-02-15 06:40:06 · answer #2 · answered by Paul A 2 · 0⤊ 0⤋
1) A Profit of $75.00
2) A Shop for a loan -- This will give you an idea of how much you can afford and at what rates.
3) I suppose Liability, but you need Full-Coverage if the title of the car is in the bank's name. This one may vary by state.
2007-02-15 06:40:37 · answer #3 · answered by Marcus S 3 · 0⤊ 0⤋
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2014-10-22 01:01:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The first one is A - $75.00 profit
The sceonc one is D - test drive it. Sometimes you don't get the deposit back and if you find out that the car drives crappy and don't really want to buy it, then you might lose the deposit.
The third one is B - collision or full coverage. They want to safegard theri investment so if you total the vehicle they will be covered
2007-02-15 06:39:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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2016-10-17 07:19:11 · answer #6 · answered by ? 4 · 0⤊ 0⤋
A
c
a
2007-02-15 14:11:18 · answer #7 · answered by mark c 2 · 0⤊ 0⤋
a
a
a
2007-02-15 09:00:54 · answer #8 · answered by deanmc58 1 · 0⤊ 0⤋
c,c,a
2007-02-15 07:09:24 · answer #9 · answered by jim06744 5 · 0⤊ 1⤋