A comparative balance sheet and income statement is shown for Cruz, Incorporated.


CRUZ, INCORPORATED
Comparative Balance Sheets
At December 31 2021 2020
Assets
Cash $ 63,600 $ 15,900
Accounts receivable, net 27,400 33,700
Inventory 57,400 63,300
Prepaid expenses 3,500 2,900
Total current assets 151,900 115,800
Furniture 70,500 82,200
Accumulated depreciation—Furniture (10,900) (6,200)
Total assets $ 211,500 $ 191,800
Liabilities and Equity
Accounts payable $ 10,000 $ 14,100
Wages payable 6,000 3,300
Income taxes payable 1,000 1,800
Total current liabilities 17,000 19,200
Notes payable (long-term) 20,700 47,800
Total liabilities 37,700 67,000
Equity
Common stock, $5 par value 153,600 124,000
Retained earnings 20,200 800
Total liabilities and equity $ 211,500 $ 191,800


CRUZ, INCORPORATED
Income Statement
For Year Ended December 31, 2021
Sales $ 328,400
Cost of goods sold 211,300
Gross profit 117,100
Operating expenses (excluding depreciation) 60,000
Depreciation expense 25,300
Income before taxes 31,800
Income taxes expense 11,600
Net income $ 20,200
Required:
Use the indirect method to prepare the operating activities section of Cruz’s statement of cash flows.

Quantity that  represent the social optimum for this market is Q3 (Option C)

The optimal amount of a public item is found when the supply (marginal cost) curve crosses the demand (marginal benefit) curve. The government employs cost-benefit analysis to determine whether or not to supply a certain product. If MB is more than MC, a public good is under allocated.

The quantity of pollution that society would choose if all of the costs and benefits of pollution were properly accounted for is known as the socially optimum quantity of pollution.

Learn more about Optimum Quantity:
https://brainly.com/question/27290435
#SPJ1

High power poses are not how you talk to other people they are how you talk to yourself.

Hence, the answer to the blanks is other people; and yourself.

'High power' postures have generated a lot of buzz in the scientific community and elsewhere.

If you are unfamiliar with these poses, they are body positions that can improve your mood.

Leaning forward, standing tall with arms spread, and other expansive postures and gestures are seen as components of the "body language" of dominance.

They provide the "actor" a more upbeat, concentrated feeling, and they give the viewer a sense of confidence and authority.

To know more about Power poses visit:

https://brainly.com/question/29439007

#SPJ1

Marginal Cost: 50, 100, 350, 700 (in thousands of dollars)

Marginal Benefit: 800, 500, 350, 250 (in thousands of dollars)

The marginal cost of cleaning up from 16 million gallons to 12 million gallons is 50 - 0 = 50 thousand dollars.

   The marginal cost of cleaning up from 12 million gallons to 8 million gallons is 150 - 50 = 100 thousand dollars.

   The marginal cost of cleaning up from 8 million gallons to 4 million gallons is 500 - 150 = 350 thousand dollars.

   The marginal cost of cleaning up from 4 million gallons to 0 gallons is 1200 - 500 = 700 thousand dollars.

   The marginal benefit of cleaning up from 16 million gallons to 12 million gallons is 800 - 0 = 800 thousand dollars.

   The marginal benefit of cleaning up from 12 million gallons to 8 million gallons is 1300 - 800 = 500 thousand dollars.

   The marginal benefit of cleaning up from 8 million gallons to 4 million gallons is 1650 - 1300 = 350 thousand dollars.

   The marginal benefit of cleaning up from 4 million gallons to 0 gallons is 1900 - 1650 = 250 thousand dollars.

Learn more about marginal on

https://brainly.com/question/13444663

#SPJ1

The major differences between the constant demand budget and the seasonal demand budget can be seen in the quarterly and annual budget schedules, cash budget, and financial statements.

A budget is an estimate of income and expenditure for a specific period of time. It is typically used by individuals, families, businesses, and governments to plan how to allocate resources to meet their financial goals.

In the budget schedules, the constant demand budget produces higher sales and cost of goods sold figures on a quarterly basis, and therefore higher gross profit and higher net income figures. This is because the constant demand budget assumes 18,000 units sold each quarter, while the seasonal demand budget assumes 15,000 units in quarter one, 25,000 in quarter two, 20,000 in quarter three, and 12,000 in quarter four.
In the cash budget, the constant demand budget produces higher cash inflows from operations on a quarterly basis due to higher sales figures, and higher cash outflows from operations due to higher cost of goods sold figures. This means that the constant demand budget produces a higher net cash flow from operations on a quarterly basis.
Finally, in the financial statements, the constant demand budget produces higher figures on a quarterly and annual basis. This is due to the higher sales, cost of goods sold, gross profit, and net income figures on a quarterly basis, as well as higher current assets, current liabilities, and equity figures on an annual basis.
Overall, the constant demand budget produces higher figures on a quarterly and annual basis compared to the seasonal demand budget, due to the assumption of constant demand of 18,000 units per quarter versus the seasonal demand pattern of 15,000, 25,000, 20,000, and 12,000 units in quarters one through four.

To learn more about budget
https://brainly.com/question/24940564
#SPJ1

The target rate of inflation is set to ensure that the purchasing power of people on fixed incomes is maintained.

Inflation is an economic concept that describes an overall increase in price levels. It occurs when the amount of money in circulation increases faster than the availability of goods and services. This causes an imbalance in the supply and demand of goods and services, which leads to prices rising. Inflation erodes the purchasing power of money, making it harder for people to afford goods and services. Central banks usually try to combat inflation by controlling the money supply and increasing interest rates.

This is done by setting an inflation rate that is low enough to keep prices stable, but high enough to keep the value of money from decreasing due to inflation. The Federal Reserve or other central banks typically set the target rate of inflation to a level that is consistent with their overall economic goals. This rate is monitored closely to ensure that the purchasing power of people on fixed incomes remains stable over time.

To learn more about inflation
https://brainly.com/question/29104154
#SPJ1

Productivity = Output / Input. Calculate labor productivity for each store: Bale-Robe has the highest with 200 birr per labor hour.

As a rule, efficiency is a proportion of how effectively an organization is utilizing its assets (contributions) to deliver labor and products (yields). Data sources can incorporate work, materials, energy, and different assets, while results can be estimated as far as deals income, units delivered, or different measurements. To ascertain efficiency, we can utilize the recipe:

Efficiency = Result/Info

We should expect a speculative organization that produces gadgets. The organization's bits of feedbacks could incorporate work hours, unrefined components, and energy costs, while its results could be estimated as far as the quantity of gadgets created or the deals income produced.

To gauge yearly sources of info and results, we would have to accumulate information on the organization's tasks, for example, the quantity of work hours worked, the expense of unrefined components, and the absolute deals income. We can then work out the organization's single-factor efficiency (SFP) by partitioning the result by a solitary information, like work hours or unrefined components.

For instance, assuming the organization delivered 100,000 gadgets and utilized 10,000 work hours, its SFP for work would be:

SFP work = 100,000 gadgets/10,000 work hours = 10 gadgets each work hour

We can likewise compute numerous variable efficiency (MFP) by isolating the result by various information sources, like work hours, unrefined components, and energy costs.

At long last, we can work out complete variable efficiency (TFP) by isolating the result by the contributions as a whole, including capital, innovation, and different assets.

In view of the information accommodated Adama Piece of clothing, we can ascertain the work efficiency for each store by partitioning deals volume by work hours. The outcomes are as per the following:

Parcel Robe: 12,000 birr/60 work hours = 200 birr each work hour

Hawassa: 60,000 birr/500 work hours = 120 birr each work hour

Nekemte: 40,000 birr/250 work hours = 160 birr each work hour

Bahirdar: 25,000 birr/200 work hours = 125 birr each work hour

In light of this computation, Bunch Robe has the most elevated work efficiency with 200 birr each work hour. In any case, it's actually quite important that this examination just thinks about work efficiency and doesn't consider different factors like deals volume, productivity, or consumer loyalty.

To learn more about productivity, refer:

https://brainly.com/question/27665206

#SPJ4

We need to hold $12.82051 million in 5-year maturity bonds and $25.64103 million in 20-year maturity bonds to fully fund and immunize the obligation.  the par value of our holdings in the 20-year coupon bond is $231,719.

To fully fund and immunize the obligation, we need to find the market value of each bond that would generate a cash flow of $3.0 million per year. Let x be the market value (in millions) of 5-year maturity bonds and y be the market value (in millions) of 20-year maturity bonds. Then we have:

0.12x + 0.06y = 3.0 (annual coupon payments)

3.9x/100 + 6.7y/100 = 0 (duration matching)

Solving these equations simultaneously, we get:

x = 12.82051

y = 25.64103

The par value of our holdings in the 20-year coupon bond can be calculated as follows:

Par value = Market value / (1 + YTM)^n

where YTM is the yield to maturity (20%) and n is the number of years to maturity (20). Substituting the values, we get:

Par value = 25.64103 / (1 + 0.20)^20

= $231,719.25

To know more about Pension funds, here

brainly.com/question/15408263

#SPJ1

is this a essay to write? If so please list the answer not whole bunch of info

In today's world, there are endless opportunities for small businesses to thrive. One such opportunity that I believe has great potential is in the field of sustainable living. With the growing concern for the environment and the need to reduce our carbon footprint, there is a high demand for eco-friendly products and services.

One possible business idea is to create a company that specializes in the production and sale of reusable, environmentally friendly products such as reusable bags, water bottles, and food containers. With the increasing awareness of the negative impact of single-use plastics on the environment, there is a high demand for reusable products that can help reduce waste.

Another opportunity could be in the field of sustainable energy. With the increasing demand for renewable energy sources, there is a growing need for companies that specialize in the production and installation of solar panels, wind turbines, and other forms of sustainable energy. This business could also offer consulting services to help homeowners and businesses reduce their energy consumption and transition to renewable energy sources.

Another potential small business opportunity is in the field of online education. With the growing demand for online learning and the increasing availability of technology, there is a need for companies that specialize in providing online courses and training programs. This business could offer courses in a variety of fields, including business, technology, and creative arts.

In conclusion, there are many opportunities for small businesses to thrive in today's world. By focusing on sustainable living, renewable energy, and online education, entrepreneurs can create businesses that not only generate profits but also make a positive impact on the environment and society.

One opportunity that I believe could be turned into a small business is a meal prep service for busy individuals and families. With many people leading busy lives and struggling to find time to cook healthy meals, a meal prep service could provide a convenient solution.

The business could offer a variety of meal options to cater to different dietary needs and preferences. Customers could place their orders online and select the meals they want for the week. The business could also offer the option for customers to customize their meals by choosing their own ingredients.

To keep costs low, the business could partner with local farms and markets to source fresh, seasonal ingredients. The meals could be prepared in a commercial kitchen and delivered to customers' homes or workplaces. The business could also offer the option for customers to pick up their meals at a designated location.

In addition to providing a convenient solution for busy individuals and families, the business could also have a positive impact on the environment. By sourcing ingredients locally and reducing food waste, the business could promote sustainability and reduce its carbon footprint.

To market the business, the company could use social media platforms and local advertising to reach potential customers. They could also partner with fitness studios and gyms to promote healthy eating habits.

Overall, a meal prep service has the potential to be a successful small business by offering a convenient and healthy solution for busy individuals and families. By focusing on quality ingredients and sustainability, the business could differentiate itself from competitors and attract a loyal customer base.

The game Spent aims to raise players' awareness of the damaging consequences that poverty and homelessness have on the contemporary economy.

It was made by the advertising company McKinney on behalf of their nonprofit client Urban Ministries of Durham (UMD), a charity that helps the underprivileged and is headquartered in Durham, North Carolina. PlaySpent Improves Our Understanding of Poverty's Economics

The participants are advised to think of themselves as having lost their job and almost all of their money. They are down to their last $1,000 and must survive the month while also coping with unanticipated charges like vehicle maintenance and medical bills. This is in addition to paying rent and buying groceries.

Learn more about Poverty: https://brainly.com/question/30771214

#SPJ1

The GDP per capita for each country is as follows:

Based on these calculations, it is clear that the quality of life in Norway is much higher than that of Bangladesh, since the GDP per capita in Norway is much higher.

The problems associated with using GDP per capita to compare the quality of life among countries are:

The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries.

GDP per capita does not measure the income distribution within the country.

GDP is a better measure, since a country with high GDP per capita may still have low GDP.

Learn more about GDP on

https://brainly.com/question/1383956

#SPJ1

D) He prepares a spreadsheet with everyone's tasks and deadlines is most likely one of Zeke's main responsibilities as a coordinator according to Dr. Belbin's Team Roles.

Here's why:

- Dr. Belbin's Team Roles identify nine different roles that people play in a team, such as coordinator, team worker, implementer, and so on.

- The coordinator is the person who clarifies goals, promotes decision-making, delegates tasks, and coordinates the team's efforts.

- Preparing a spreadsheet with everyone's tasks and deadlines is a common way for coordinators to keep track of the team's progress and ensure that everyone is on the same page.

- While quality control, expert knowledge sharing, and brainstorming are important tasks in a team, they are more likely to be performed by other team roles, such as monitor evaluator, specialist, and plant, respectively.

A major advantage of network advertising is the simplification of the media buying process.

The major advantage of network advertising is the simplification of the media buying process. With network advertising, a contractual agreement is made across multiple TV stations to preempt airtime during specific times for advertising. This simplifies the process because instead of having to negotiate with individual TV stations for airtime, advertisers can work with a network to reach a broader audience.

This can save advertisers time and money as they don't have to research individual stations and negotiate with each one separately. Additionally, network advertising often offers discounts and bonuses for advertisers who commit to a certain amount of airtime, further simplifying the process and potentially reducing costs. Overall, network advertising provides a streamlined approach to media buying for advertisers.

To know more about advertising, here

brainly.com/question/3163475

#SPJ1

FOCI Mitigation entails the steps taken by America's federal government to counteract foreign ownership, direction, or impact (FOCI) over US-based companies working in sensitive industries such as national defense, telecommunications, and energy.

The necessity for FOCI mitigation is due to the potential threat to security following foreign control of those American corporations operating within the aforementioned areas; so, when a non-US business seeks to purchase an American enterprise engaged in one of these sectors, the government comprehensively examines the exchange to determine if it could lead to FOCI.

In the instance that the United States government figures out that a foreign adquisition may consequently create FOCI, they will necessitate the US company involved in the transaction to enter into a contractual agreement with the US authorities. This agreement is understood as the FOCI Mitigation Agreement.

Learn more about FOCI at

https://brainly.com/question/26269007

#SPJ1

A good SCM system will deliver A.the right inventory is in the right place to meet anticipated demand.

In order to enhance their supply chain procedures, businesses employ SCM systems. This comprises the coordination of inventory levels, production timetables, and dissemination channels for idealized efficiency.

Beyond this secured apparatus towards financial conservation also comes with augmented client approval rates. Although precise forecasts and proficient manufacturing hold significant roles within SCM strategy, top priority remains set on the availability of appropriate inventories at designated locations alongside preset time-frames in order to ultimately appease consumers' necessities.

Find out more on Supply Chain management at https://brainly.com/question/25160870

#SPJ1

The price of a stock as it is quoted on an exchange is known as a stock quote. A fundamental quote for a particular stock gives details such as the bid and ask prices, last traded price, and volume traded.

The price of a stock or equity investment that is quoted on an exchange is essentially what a stock quote is. The stock quote offers crucial data that brokers and traders can use. It contains details about the bid price and asks price, the most recent traded price, and the daily volume of trading.

A stock chart or table is a collection of data about a certain firm's stock that typically displays information on price fluctuations, the current market price, previous highs and lows, dividends, trading volume, and other business financial data.

Learn more about Stock quotes, here;

https://brainly.com/question/1086701

#SPJ1

The characteristics of money are:

pls mrk me brainliest (⁠=⁠｀⁠ェ⁠´⁠=⁠)

Answer:

The Occupational Safety and Health Administration (OSHA) is responsible for enforcing health and safety regulations in the workplace. OSHA has the power to issue citations and penalties to employers who violate health and safety regulations.

If OSHA finds that an employer has violated a regulation, it can issue a citation. A citation outlines the specific regulation that was violated, and the proposed penalty. Employers have the opportunity to contest the citation and penalty, and can request an informal conference with an OSHA representative to discuss the issue.

OSHA can also issue penalties for violations. The penalty amount varies depending on the severity of the violation. Willful violations, which are the most serious, can result in penalties of up to $136,532 per violation, while serious violations can result in penalties of up to $13,653 per violation.

The power of OSHA to issue citations and penalties is an important tool for promoting workplace safety. The threat of citations and penalties can encourage employers to take safety seriously and to take steps to prevent workplace accidents and injuries.

Explanation:

Answer:

Net pay is obtained by deducting all expenses for the gross pay. I.e., Gross pay - deductions = net pay Gross pay = $2,895 Deductions are Federal Income Tax $324 State Income Tax $96 Social Security $126 Medicare $39 Total deductions = $585 Net pay = $2,895 - $585 Net pay =$2,310

Samsung is at a disadvantage compared to its rivals because it loses concentration when it competes with too many businesses and product categories. It helped Samsung Company gain market share in numerous areas, but not much more than its competitors.

What are the challenges of Samsung company?

Overcoming a slump in the market for crucial chips. locating the upcoming big item. Ongoing legal issues. Bringing out a fresh "Samsung spirit." Finance industry globalization.

The organizational structure of Samsung has the drawback of giving the product-based divisions little autonomy. For instance, the product-based divisions must adhere to strategic orders from the company's headquarters in Seoul because of the centralised hierarchy.

In a limited way, Samsung also employs other common competitive tactics including cost leadership, differentiation emphasis, and cost focus. The firm becomes the best-cost provider in several areas for semiconductors and electronics components as a result of its cost-focused strategy.

Learn more about Samsung company:

https://brainly.com/question/30656917

#SPJ1

Answer:

Explanation:

To calculate the dollar-denominated returns, we need to first determine how many shares the investor can purchase with their $10,000, and then calculate the future value of those shares at each exchange rate. We also need to calculate the future value of the £5,000 forward contract at the forward exchange rate.

With the current exchange rate of $2/£, the investor can purchase:

$10,000 / $2/£ = £5,000

With £40 per share, the investor can purchase:

£5,000 / £40/share = 125 shares

The total investment is:

125 shares x £40/share = £5,000 = $10,000

If the share price changes to £35/£, £40/£, or £45/£, then the dollar-denominated returns would be:

At £35/£:

Total investment = 125 shares x £35/share = £4,375 = $8,750

Rate of return = (($8,750 - $10,000) / $10,000) x 100% = -12.50%

At £40/£:

Total investment = 125 shares x £40/share = £5,000 = $10,000

Rate of return = (($10,000 - $10,000) / $10,000) x 100% = 0.00%

At £45/£:

Total investment = 125 shares x £45/share = £5,625 = $11,250

Rate of return = (($11,250 - $10,000) / $10,000) x 100% = 12.50%

With the forward contract, the investor has sold £5,000 at a forward exchange rate of $2.10/£, which means they will receive:

£5,000 x $2.10/£ = $10,500

The total investment is:

$10,000 (initial investment) + $10,500 (future value of forward contract) = $20,500

If the share price changes to £35/£, £40/£, or £45/£, then the dollar-denominated returns would be:

At £35/£:

Total investment = 125 shares x £35/share = £4,375 = $8,750

Future value of investment = $8,750 x $2.20/£ = £3,977.27 = $7,955.55

Total future value = $7,955.55 + $10,500 = $18,455.55

Rate of return = (($18,455.55 - $20,500) / $20,500) x 100% = -9.96%

At £40/£:

Total investment = 125 shares x £40/share = £5,000 = $10,000

Future value of investment = $10,000 x $2.20/£ = £4,545.45 = $9,090.91

Total future value = $9,090.91 + $10,500 = $19,590.91

Rate of return = (($19,590.91 - $20,500) / $20,500) x 100% = -4.44%

At £45/£:

Total investment = 125 shares x £45/share = £5,625 = $11,250

Future value of investment = $11,250 x $2.20/£ = £

Business intelligence (BI) can be employed to provide assistance to SpaceX's 3D printing procedure in several ways:

Quality regulation: BI tools could facilitate the monitoring of the quality of 3D-printed parts, recognize errors anddefects, plus detect areas for advancement. By exploring data from the 3D printing step, SpaceX may discover structures and trends that hint towards potential troubles with both the design as well as fabrication process, allowing them to take corresponding adjustments.

Cost enhancement: BI tools might be implemented to investigatethe cost of 3D printing and pinpoint sections where price savings can be accomplished. For example, by examining information concerning material usage, labor costs, and equipment efficacy, SpaceX will be able to minimize expenditures while retaining greatness.

Process streamlining: BI tools may be exploited to optimize the 3D printing method by discovering hurdles, problems, or opportunities for betterment. For example, by studying data on utilization of machines and printing rate, SpaceX will recognize openings to escalate proficiency and reduce printing time.

Predictive maintenance: BI instruments could promote surveillance of health of 3D printers and anticipate when upkeep or renovations are needed. By evaluating data regarding functioning of devices and maintenance history, SpaceX would be capable of foreseeing repair needs  and arrange mending or substitution ahead of time, curtailing downtimes and heightening machine operability.

Read more on business intelligence here:

https://brainly.com/question/30465461

#SPJ1

Investors may be motivated to buy Gogo stock based on the company's potential for growth and profitability in the long term, taking into account factors such as demand for in-flight Wi-Fi, its established position in the industry, successful 2Ku technology, and partnerships with major airlines.

Given the risks associated with Gogo, an investor may still be motivated to purchase stock in the company based on their assessment of its long-term potential for growth and profitability. Factors that may influence an investor's decision include the potential for increased demand for in-flight Wi-Fi services, particularly as travel resumes after the COVID-19 pandemic; the company's established position as a major provider of in-flight Wi-Fi services to U.S. airlines; and the success of its 2Ku technology, which has shown significant improvement in speed and coverage over previous technology.

To know more about stock, here

brainly.com/question/31476517

#SPJ1

The government spends $30 billion more on education. The total increase in spending is 166.8 billion dollars.

The idea that personal consumer spending rises in tandem with an increase in disposable income is measured by the marginal propensity to consume (MPC).

Expansion in absolute spending = use multiplier × expansion in      schooling spending

                         Education spending increment =30 billion

                          Multiplier =1/1- marginal propensity to consume

                                            =1/1-0.82

                                             =1/0.18

                                            =5.5555

                                            =5.56(approx)

      Total spending increased = 5.56 × 30 billion

                                           =166.8 billion

Marginal Propensity to Consume goes up when consumption takes up more of the added income than it does when it takes less. Simply put, a person spends more money and saves less. Regularly, lower pay levels produce a higher MPC than higher pay levels.

MPC measures this relationship to determine the amount of increased spending for each additional dollar of income. It is significant on the grounds that it changes at various pay levels and is the most reduced for higher-pay families.

Learn more about Marginal propensity to consume:

brainly.com/question/17930875

Answer:

Explanation:

Congress passing a law that gives people stimulus checks to get the country out of a recession would be an example of fiscal policy. Fiscal policy refers to the use of government spending and taxation to influence the economy. In this case, the government is using fiscal policy to stimulate the economy by providing direct financial assistance to individuals, which is intended to increase consumer spending and boost economic activity. The purpose of fiscal policy is to stabilize the economy and promote economic growth, and in this case, stimulus checks are being used as a tool to achieve those goals.

PLS MARK ME BRAINLIEST

For Alberta or Quebec, the federal government does not collect personal or business taxes. A regressive tax is the sales tax. False.

It makes no difference when it comes to filing your income taxes if you reside in one province or territory while working and paying taxes in another. On December 31 of the tax year, you must file your income tax for the province or territory where you currently reside.

Even if you were a resident of another Canadian province or territory on December 31 of a specific year for tax reasons, you can still be required to submit an income tax return in Quebec. in order to learn more.

To know more about Alberta visit:-

https://brainly.com/question/1086119

#SPJ1

In contrast to other digital deals, Cryptocurrency is a digital payment that don't bear a bank. It's choice D.

Digital forms of money are motorized financial norms that application cryptography to get and check exchanges in an association. also, cryptography is used to manage and control the product of these currencies.

Cryptocurrencies include Ethereum and Bitcoin, among others. Cryptocurrencies may or may not be regulated, depending on the governance. Cryptocurrencies use a decentralized system to record deals and issue new units rather than having a centralized issuing or regulating authority.

Cryptocurrencies serve as both a currency and a virtual account system because they're translated. A cryptocurrency portmanteau is demanded to use cryptocurrencies.

To know more about Cryptocurrency,

brainly.com/question/26103103

#SPJ1

On order to find the value of a particular stock in your investment portfolio, you would multiply the number of shares you own by the closing price of that stock on a given day.

For example, to find the value of your Dell stock on May 15, you would multiply 75 (shares) by 85.45 (closing price), which would give you a value of $6,408.75.

Similarly, to find the value of your Apple stock on May 16, you would multiply 75 (shares) by 49.75 (closing price), which would give you a value of $3,731.25.

Please note that the value of your entire portfolio on a given day is the sum of the values of all the stocks you own on that day.

Learn more about stock on

https://brainly.com/question/26128641

#SPJ1