1. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?

Question

    A. $25.00 B. $400.00 C. $250.00 D. $40.00

My choice is either A C or D?
I divided 100,000.00 by 2,500 and got exactly 40. But again as I said not sure?

Answer 1

2.   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? 

    A. $5,928.00 B. $4,788.00 C. $5,472.00 D. $3,800.00

I am saying A?
Am I right?

Answer 2

This is probably the answer programmed into the answer key.

However, your information appears to be out of date. According to this site, stocks have no intrinsic par value.

http://www.investopedia.com/ask/answers/106.asp

Answer 3

Yes, 2 is A.

Answer 4

3.   Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? 

    A. $11,591.28 B. $11,541.28 C. $10,938.00 D. $11,547.00

My answer would be A?
Am I right?

Answer 5

Yes, Right again!
3. A

Answer 6

Ms.Sue do you know in any way how to solve number 1. I read the site but don't know how to solve the question?

Answer 7

I already told you that D is probably the answer that's programmed into the answer key for number 1.

Answer 8

5.   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? 

    A. $14,560 B. $27,052 C. $12,005 D. $14,000

I would say B or D?
Please correct if I am wrong some where.

Answer 9

5. Neither answer is correct.

Answer 10

Is there a way to solve this question?

Answer 11

  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. medical D. no-fault

My best answer will have to be A . liability

Answer 12

Is there a way to solve this question?

Yes. Didn't you solve a similar problem?

About insurance -- I disagree with your answer.

http://www.carsdirect.com/car-insurance/knowing-when-to-get-rid-of-collision-coverage

Answer 13

It's c medical.

Answer 14

No. The bank doesn't care about medical insurance. It's only interested in your car.

Answer 15

I had a reason for posting the last link.

Answer 16

I'm sorry it's collision,I messed up the questions that had the same answers!

Answer 17

Ms.Sue would number 5 be A?

Answer 18

Yes.