Mathematics, 07.04.2020 02:34 davienwatson8
An accountant receives a salary of $262,000 per year. During the year, he plans to spend $99,000 on his mortgage, $54,000 on food, $32,000 on clothing, $41,000 on household expenses, and $28,000 on other expenses. With the money that is left, he expects to buy as many shares of stock at $250 per share as possible. Using the equation below, determine how many shares will he be able to buy?
N u m b e r space o f space S h a r e s equals fraction numerator s a l a r y space minus e x p e n s e s over denominator 250 end fraction
How many shares of stock was he able to purchase?
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