Economics Chapter 3 Worksheet

ECONOMICS CHAPTER 3 WORKSHEET

1. You invested $3,595.50 in Nike Stock and purchased 141 shares. You sold it when the price was $26.00. What was the value of your investment?

2. You borrowed 100 shares of GE stock for $2,500 for 6 months. You sold the stock at $61.45/share. You held it for 6 months and bought it back at $63.21/share. What was the value of your investment?

3. INCOME STATEMENT FOR 2012

Cost of Sales: $45,000.00

Taxes: $550.00

Depreciation: $200.00

Wages, salaries, insurance premiums and all utilities: $35,000.

Investment amount:______

4. What are the advantages of deferred stock as compared to common stock?

5. What are the advantages of a LLC over a sole proprietorship?