Ask Question
BusinessBusiness
5 November, 00:00

Krit corporaton is a US manufacturing company based in the Midwest. As an investor, Wilson bought 225 shares of stock in Krit Corp. The stock price of Krit is currently trading at $45 per share. Wilson's total wealth in Krit Corp is? If the stock price of Krit Corp increases in the next 2 years, Wilson's wealth in in Krit Corp will (increase or decrease) ?

+2
Answers (1)
  1. 5 November, 00:17
    0
    The correct answer is $10,125 and increase in wealth.

    Explanation:

    According to the scenario, the given data are as follows:

    Total shares bought = 225 shares

    Current stock price = $45

    So, we can calculate Wilson's total wealth in Krit Corp. by using following method:

    Total wealth = Total shares bought * Current stock price

    = 225 * $45

    = $10,125

    Hence, the total wealth of Wilson is $10,125.

    Wilson wealth will increase because if the company stock price increase Wilson's stock price also increase, which results in increase of wealth.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Krit corporaton is a US manufacturing company based in the Midwest. As an investor, Wilson bought 225 shares of stock in Krit Corp. The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How do environmental laws affect business
Answers (1)
A loss is when: A. Revenue is greater than expenses. B. Revenue is less than expenses. C. Revenue is equal to expenses. D. None of the above. pe here to search
Answers (1)
Effective product promotion requires that everyone who creates and manages promotional messages have free access to information about the customer, the product, the competition, the market, and the organization's strategy. TRUE OR FALSE?
Answers (1)
Coolaire is the only firm producing refrigerators. It costs $950 to produce a refrigerator, and Coolaire sells each refrigerator for $1,200.
Answers (1)
Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham Bonds. Using the U. S. tax rate schedule for year 2014, how much federal tax will he owe? A. $15,000.00 B. $12,375.00 C. $10,856.
Answers (1)
New Questions in Business
Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.
Answers (1)
The reason for the Fed being set up as an independent agency of government is to:
Answers (1)
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
Home » Business » Krit corporaton is a US manufacturing company based in the Midwest. As an investor, Wilson bought 225 shares of stock in Krit Corp. The stock price of Krit is currently trading at $45 per share.
Sign Up Forgot Password?