Write the Word or Phrase That Best Completes Each Statement

question 122

Essay

Write the word or phrase that best completes each statement or answers the question.
-Marianne is planning a shopping trip to buy birthday gifts for her son. She estimates that the total price ofthe items she plans to purchase will be between $350 and $400 inclusive. If sales are taxed at a rate of8.375% in her area, what is the range of the amount of sales tax she should expect to pay on her purchases?If Marianneʹs budget for the shopping trip is $425, will she necessarily be able to buy all the gifts that she haplanned?

---

Definitions:

Capital Budget

The process of planning and managing a company's long-term investments in major projects and fixed assets.

Stock Split

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of ownership remains the same.

Total Market Value

The aggregate valuation of a company or asset in the marketplace, calculated by multiplying the current market price of its shares by the total number of shares outstanding.

Price Following Split

The adjusted price of a stock after the company carries out a stock split, intended to make the stock more affordable to investors.