Answered

IDNLearn.com provides a comprehensive solution for all your question and answer needs. Discover trustworthy solutions to your questions quickly and accurately with help from our dedicated community of experts.

You buy 45 shares of evu confectioners at $63.12 apiece. unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. how much money did you lose? a. $1,854.00 b. $986.40 c. $1,183.68 d. $2,840.40

Sagot :

Athompas4idn

Answer:

b is your answer to this question

AshishdwivedilVTidn

The money lost due to a hard time for the company is $986.4.

Number of shares =45

Price per share =$63.12

So, the total cost of buying 45 shares = 45*63.12 = $2840.4

Total selling price when the company falls on hard times and you end up selling the stock for $41.20 per share = 41.20*45 = $1854

What is a loss?

Mathematically, the loss is the difference between the cost price and the selling price.

Difference between the selling price and the cost price = 2840.4 - 1854

So, the difference between the selling price and the cost price = $986.4

Therefore, The money lost due to a hard time for the company is $986.4.

To get more about profit and loss visit:

https://brainly.com/question/19104371

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. For dependable and accurate answers, visit IDNLearn.com. Thanks for visiting, and see you next time for more helpful information.