Questions from Financial Algebra

Q: Hi End Rugs manufactures silk and wool fiber rugs. Their warehouse

Hi End Rugs manufactures silk and wool fiber rugs. Their warehouse has 2,400 lots of silk fiber and 1,800 lots of wool fiber available during the week of May 5 for production of their Premier and Eleg...

Q: Greenfield Industries produces rotors for manufacturers in Hartford, Connecticut, and

Greenfield Industries produces rotors for manufacturers in Hartford, Connecticut, and Des Moines, Iowa. Hartford needs at least 21 rotors, and Des Moines needs at least 40 rotors. Greenfield is able t...

Q: A political polling company has been assigned to survey local voters a

A political polling company has been assigned to survey local voters a week before the upcoming election. The company will need to hire interviewers and statisticians for the job. Statisticians make $...

Q: A share of Southside stock sold for $37. The annual

A share of Southside stock sold for $37. The annual dividend is $1.85. Three years later the stock has increased 17% in value and the dividend has increased 5%. a. What is the price per share 3 years...

Q: Determine the values of a, b, and c in the

Determine the values of a, b, and c in the following matrix equation.

Q: Revreg Corp pays an annual dividend of $1.60 per

Revreg Corp pays an annual dividend of $1.60 per share. On Friday it closed at $44 per share with a net change of 10.35. The dividend did not change. a. What was the yield on Friday? Round to the nea...

Q: The Zeescore Corporation pays an annual dividend of $2 per share

The Zeescore Corporation pays an annual dividend of $2 per share. On Wednesday it closed at $61 per share with a net change of 20.85. The dividend remained at $2 for a year. a. What was the yield on...

Q: Sascha owns stock in Lewis Corp, and she bought a $

Sascha owns stock in Lewis Corp, and she bought a $1,000 corporate bond. The bond pays 6.34% annual interest. a. How much will Sascha receive in annual interest? b. How much will Sascha receive in i...

Q: Stock in the Happy’s Burger chain was selling for $54.

Stock in the Happy’s Burger chain was selling for $54.24 per share, and it was paying a $2.46 annual dividend. It underwent a 3-for-1 split. a. What was the new price of one share after the split? b...

Q: Express the average daily balance algebraically given this set of daily balances

Express the average daily balance algebraically given this set of daily balances. x days @ y dollars w days @ d dollars r days @ q dollars m days @ p dollars