Solve the Problem. -An Investment in a Utility Stock Is Valued at $5600

question 120

Multiple Choice

Solve the problem.
-An investment in a utility stock is valued at $5600. An investment in a dot-com stock is valued at $14,100. The value of the dot-com stock, to the nearest percent, is what percent of the utility stock?

• A)40%
• B)60%
• C)152%
• D)252%

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Definitions:

Financial Accounting

The field of accounting that focuses on tracking and reporting the financial transactions of a business, resulting in the creation of financial statements.

Forensic Accounting

Forensic Accounting is the practice of using accounting, auditing, and investigative skills to assist in legal matters and conduct investigations into fraud or financial discrepancies.

Income Statement

An income statement is a financial statement that shows a company's revenues and expenses over a specific period, highlighting net profit or loss.

Revenues

Revenue earned through the primary activities of a business, typically from selling products and services to its consumers.