Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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 :

athompas4

Answer:

b is your answer to this question

ashishdwivedilVT

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

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.