Adam Withdrew $150

question 181

Multiple Choice

Adam withdrew $150.50 from his bank account which had an initial balance of $476.45. Later, Adam deposited $200 into his account.
What is the final balance of Adam's account?

• A)$625.59
• B)$625.95
• C)$525.95
• D)$525.59

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Definitions:

Total Equity

The value left in a company after deducting total liabilities from total assets, representing the ownership value in the company.

Profit Margin

A financial metric expressed as a percentage, indicating how much of each dollar in revenue is translated into profit.

Market-to-Book Ratio

A comparison of a company's current market value to its book value, used to assess whether a stock is under or overvalued.

Price-Earnings Ratio

A valuation metric for companies, calculated by dividing the current market price of a stock by its earnings per share, indicating how much investors are willing to pay per dollar of earnings.