Patrick Owns Stock in Entergy (Selling at $105 Per Share)

question 152

Short Answer

Patrick owns stock in Entergy (selling at $105 per share), FedEx (selling at $103 per share) and Isle of Capri (selling at $36 per share). He owns an equal number of shares of Entergy and FedEx stock and three times as many shares of Isle of Capri stock. If his portfolio is worth $4,740, how many shares of Isle of Capri does he own?
________ shares of Isle of Capri

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Definitions:

Net Cash Flows

The difference between a company's cash inflows and outflows over a specific period.

Payback Period

The period of time required for an investment to generate cash flows sufficient to recover its initial cost.

Factory Overhead

All indirect costs associated with the manufacturing process, excluding direct materials and direct labor costs.

Depreciation

The methodical distribution of the expense of a physical asset throughout its lifespan.