Determine the albion distributions revenue

Reference no: EM133262823

Assignment:

1. Two years ago, the shares of Diamon Strike Resource traded at a price of $3.40 per chare. One year later the shares were at $11.50, but then they declined in value by 35% during the subsequent year. Calculate:

(a)The percent change in the share price during the first year.

(b)The current share price.

2. Albion Distributions' revenue and expenses for the fiscal year just completed were $2.347,000 and $2,189,000, respectively.

(a)If in the current year, revenue rise by 10% but expenses increase are held to 5%, what will be the percent increase in profit?

(b) If, instead, revenue decline by 10% and the expenses are reduced by 5%, what will be the percent change in profit?

3. A Toyota Corolla could be purchases new in 1970 for $1,686, while the more current 2022 model had a base price of $16,790. For this 49-year time period:

(a.) What is the percent increase in the base price?

(b.) If sales tax in 1970 was 5% and the current GST rate is no 13%, what is the percent increase in the after-tax price?

Reference no: EM133262823

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