(LO 8) Maxim manufactures a hamster food product called Green Health. Maxim currently has 18,500 bags of Green Health on hand. The variable production costs per bag are $3.50 and total fixed costs are $27,000. The hamster food can be sold as it is for $10.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 18,500 bags of Premium Green and 4,700 bags of Green Deluxe, which can be sold for $9 and $7 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:

Answers

Answer 1

Answer:

$ 199,400

Explanation:

Calculation for what the revenue from the two products would be:

VENUE IF PROCESSED FURTHER:

Premium Green $166,500

(18,500 bags * $9 per bag)

Green Deluxe

(4,700 bags * $7 per bag) $32,900

Total revenue if processed further $ 199,400

Therefore Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe what the revenue from the two products would be is $ 199,400


Related Questions

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 23 units at $205 17 units February: 33 units at $210 17 units May: 28 units at $215 21 units September: 25 units at $220 20 units November: 23 units at $225 25 units On December 31, there were 32 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory

Answers

Answer:

$6,755

Explanation:

The computation of the cost of the ending inventory using the perpetual LIFO method is as follows:

For January:

Total value = Units remaining in inventory × cost per unit

= (23 - 17) × $205

= $1,230

For February:

Total value = Units remaining in inventory × cost per unit

= (33 - 17) × $210

= $3,360

For May:

Total value = Units remaining in inventory × cost per unit

= (28 - $21) × $215

= $1,505

For September:

Total value = Units remaining in inventory × cost per unit

= (25 - 20) × $220

= $1,100

For November:

Total value = Units remaining in inventory × cost per unit

= (25 - 23) × $220

= $660

Cost of the ending inventory:

= $1,230 + $3,360 + $1,505 + $660

= $6,755

Worker organizations can affect wages by:

A. advocating for higher pay for workers.

B. making workers more productive over time.

C. lowering the market value of each worker.

D. ensuring that all workers receive an education.

Answers

Worker organizations can affect wages by advocating for higher pay for workers, as the worker starts demanding for the higher wages.

What is Worker organization?

Worker organizations are the established organization that shows the interest and opinion of the workers. Mainly this is for the welfare of the workers, to represent their interest about the wages and working condition in the organization.

Thus, option A is correct.

For more details about Worker organizations, click here:

https://brainly.com/question/10497989

#SPJ2

Samuelson Electronics has a required payback period of three years for all of its projects. Currently, the firm is analyzing two independent projects. Project A has an expected payback period of 2.8 years and a net present value of $6,800. Project B has an expected payback period of 3.1 years with a net present value of $28,400. Which projects should be accepted based on the payback decision rule?
A. Project A only.
B. Project B only.
C. Both A and B.
D. Neither A nor B.
E. Either, but not both projects.

Answers

Answer:

Explanation:

Project A only

20. Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of fixed and variable costs for 10,000 units are: a. $125,000 fixed and $123,000 variable. b. $102,500 fixed and $150,000 variable. c. $125,000 fixed and $102,500 variable. d. $150,000 fixed and $123,000 variable. e. $150,000 fixed and $102,500 variable.

Answers

Answer:

e. $150,000 fixed and $102,500 variable.

Explanation:

fixed costs do not vary with output, so the fixed costs must be the same for both budgets = $150,000 (doesn't matter if production is 12,000 or 10,000 or 8,000, or 15,000 units)

variable costs per unit = $123,000 / 12,000 = $10.25

variable costs for flexible budget (10,000 units) = $10.25 x 10,000 = $102,500

With its current levels of input use, a firm's MRTS is 3 (when capital is on the vertical axis and labor is on the horizontal axis). This implies: Group of answer choices if it used one more unit of both capital and labor, the firm could produce 3 more units of output. the firm could produce 3 more units of output if it increased its use of labor by one unit (holding capital constant). if the firm reduced its capital stock by one unit, it would have to hire 3 more workers to maintain its current level of output. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant). the marginal product of labor is 3 times the marginal product of capital.

Answers

Answer:

if the firm reduced its capital stock by one unit, it would have to hire 3 more workers to maintain its current level of output

Explanation:

In the case when the MRTS is 3 so this implies that the value mentioned is one by 3 so this represents the capital amount that are required to subsitute for one unit of labor to remian on the similar isoquant

Therefore as per the given situation, the above represent the answer

Hence, the same is to be considered

Which of these best describes equity?
a. The amount of interest you pay your lender on your mortgage loan.
b. The amount of money you need set aside for home repairs.
c. The difference between what you owe the lender for the mortgage loan, and what your home is worth.

Answers

Answer:

Equity is the value/amount of shares you own. Which is (C).

Explanation:

Omar and Janet decide to revise their budget for Rings and Things. What suggestions about labor
costs would you make, if the goal is to improve the business's cash flow?

Answers

Answer:

Review labor costs downwards

Explanation:

Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $49,500. Koch originally purchased Machine 1 for $76,000, and Machine 1's adjusted basis was $40,500 at the time of the exchange. Machine 2's seller purchased it for $64,500 and Machine 2's adjusted basis was $55,500 at the time of the exchange. What is Koch's adjusted basis in machine 2 after the exchange

Answers

Answer:

$40,500.

Explanation:

Calculation for Koch's adjusted basis in machine 2 after the exchange

Based on the information given we were told that Machine 1's had adjusted basis of the amount of $40,500 at the time of the exchange which means that Koch's adjusted basis in machine 2 after the exchange will the amount of $40,500 which is Machine 1's adjusted basis .

Therefore Koch's adjusted basis in machine 2 after the exchange will be $40,500

If the USA can produce 12,000 personal computers or 16,000 TVs, and Japan can produce 10,000 personal computers or 30,000 TVs, then it follows that a. the USA does not have an absolute advantage in TVs. b. the USA does not have an absolute advantage in computers. c. Japan has an absolute advantage in both TVs and computers. d. the USA has an absolute advantage in both TVs and computers.

Answers

Answer:

a. the USA does not have an absolute advantage in TVs.

Explanation:

Absolute advantage is an economic term that describes the relative ease with which a country is able to produce a good compared to other producers.

The country that has absolute advantage will produce more numbers a product with the same resources as the other producer.

In the given scenario USA can produce 12,000 personal computers compared to 10,000 personal computers by Japan. So they have absolute advantage in producing personal computers.

Japan can produce 30,000 TVs compared to 16,000 TVs by USA. So Japan has absolute advantage in producing TVs

Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $74,100 of salary, $3,450 long-term capital gain, and $2,450 interest income. Bob's expenses for the year consist of $890 in investment advice fees and $155 in tax return preparation fees. What is Bob's investment expense deduction

Answers

Answer:

$0

Explanation:

Based on the information give investment expense are NOT deductible reason been that

his income for the year was the amount of $74,100 of his salary , $3,450 of his long-term capital gain, and $2,450 of his interest income in which his expenses for the year was the amount $890 in investment advice fees and the amount of $155 in tax return preparation fees which means that his expenses amount that is been paid in order to help manage tax income just as the information given about Bob Brain will be not be deductible.

​Landers, Inc. has 7 units in inventory on December 31. The units were purchased in November for $190 each. The price lists from suppliers indicate the current replacement cost of the item to be $184 each. What is the effect on gross profit if Landers values its ending merchandise inventory using the lower-of-cost-or market rule?

a. The gross profit would increase by $ 6
b. The gross profit would decrease by$ 42
c. The gross profit would increase by $ 42
d. The gross profit would not be affected.

Answers

Answer:

b. The gross profit would decrease by $42

Explanation:

Landers                                        Amount  

Cost price                               190.00

Less: Replacement                      184.00

                                                     $6.00

Number of units                           $7.00

Decrease in gross profit            $42.00 (Replacement * Number of units)

units by

Marigold Corp. incurred the following costs for 52000 units: Variable costs $312000 Fixed costs 392000 Marigold has received a special order from a foreign company for 2000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $2400 for shipping. If Marigold wants to earn $4000 on the order, what should the unit price be

Answers

Answer:

The unit price is $9.2 per unit

Explanation:

The computation of the unit price is shown below

Variable costs for 2,000 units is

= Variable cost ÷ units × special order units

= $312,000 ÷ 52,000 units × 2,000 units

= $12,000

Now the unit price is

= (variable cost + shipping charges + earnings) ÷ special order units

= ($12,000 + $2,400 + $4,000) ÷ (2,000 units)

= $9.2 per unit

Hence, the unit price is $9.2 per unit

The same is to be considered

Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold a green card. However, he realized a gain on the sale of Extel Corporation stock, a corporation organized in the United States. The United States does NOT have an income tax treaty with Saudi Arabia. What is the Source of Income and how does the U.S. tax the income

Answers

Answer:

The source of income is the capital gain realized when Harry sold the stocks of Extel Corporation. Generally, nonresident aliens (like Harry) are subject to a 30% tax on all their US income sources. E.g. if Harry made a capital gain of $1,000 when he sold the stocks, he will need to pay $300 to the IRS.

Some exemptions apply to foreign students, resident aliens or people that work for foreign governments, but Harry doesn't fit in any of these categories.

Ridiculousness, Inc., has sales of $48,000, costs of $21,200, depreciation expense of $1,900, and interest expense of $1,200. If the tax rate is 35 percent, what is the operating cash flow, or OCF

Answers

Answer:

OCF = $18,505

Explanation:

To calculate OCF, we first need the income statement:

Income Statement

Sales $ 48,000

Costs 21,200

Depreciation 1,900

EBIT $ 24,900

Interest 1,200

Taxable income $ 23,700

Taxes (35%) 8295

Net income $ 15,405

OCF = EBIT + Depreciation - Taxes

OCF = $24,900 + 1,900 - 8,295

OCF = $18,505

Which of the following is one of the steps for recognizing revenue? Multiple Choice Identify the performance obligations of the contract. Determine whether bad debts can be reasonably estimated. Estimate the total transaction price of the contract based on fair value. Allocate all revenue to the performance obligation with the largest stand-alone selling price.

Answers

A) Identify the performance obligations of the contract.

B) Identify the contract with the customer.

C) Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods and services in the contract.

D) Allocate the transaction price to the performance obligations.

- A performance obligation is a promise to deliver a good or provide a service (or a series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer).

A multiplant monopolist can produce her output in either of two plants. She discovers that when marginal revenue is $50, the marginal cost in plant 1 is $70 while the marginal cost in plant 2 is $75. To maximize profits the firm will

Answers

Answer: produce more output in plant 1 and less in plant 2.

Explanation:

From the question, we are given the information that a multiplant monopolist can produce her output in either of two plants and that she discovers that when marginal revenue is $50, the marginal cost in plant 1 is $70 while the marginal cost in plant 2 is $75.

Since the marginal cost in plant 2 is higher than that of plant 1, to maximize profits the firm will produce more output in plant 1 and less in plant 2.

describe how commerce relate with industry and direct services​

Answers

industry provides the goods and services for distribution and thereby gives rise to commerce. As industry develops, trade and commerce also grow. Industry, commerce and trade are closely related to each other. For example, industry provides goods and services which are distributed through commerce.

a stock is currently priced at $65 per share and will pay a $4 dividend in one year. what must the stock sell for in one year to meet investors expecations of a 15% after tax return if dividends are taxed at 37% and there are no capital gains

Answers

Answer:

$72.23

Explanation:

Expected Return = [Dividend *(1- tax rate)] + [Capital gain] / Current stock price

Expected Return = [Dividend *(1- tax rate)] + [Price after 1 year - Current price] / Current stock price

15% = [$4*(1-0.37)]+[Price after 1 year -$65]/65

15% = [$4*0.63]+[Price after 1 year -$65]/65

15% * 65 = $2.52 + [ Price after 1 year -$65]

$9.75 = $2.52 + [Price after 1 year - $65]

Price after 1 year = $9.75 - $2.52 + $65

Price after 1 year = $72.23

At the beginning of the current year, Trenton Company's total assets were $274,000 and its total liabilities were $188,000. During the year, the company reported total revenues of $119,000, total expenses of $89,000 and owner withdrawals of $18,000. There were no other changes in owner's capital during the year and total assets at the end of the year were $286,000. Trenton Company's debt ratio at the end of the current year is:

Answers

Answer:

The correct answer is 65.7%

Explanation:

According to the given scenario, the calculation of the debt ratio is as follows;

But prior to that the following calculations are needed

Ending total assets $286,000

Less: Ending stockholders equity  

opening stockholders equity($274,000 - $188,000) $86,000  

Add: Revenue      $119,000  

Less: Expenses    $89,000  

Less: Dividends $18,000  

Ending stockholders equity  $98,000

ending liabilities  $188,000

Now

debt ratio = Total liabilities ÷ total assets

=  $188,000 ÷ $286,000

= 65.7%

hence, the debt ratio is 65.7%

Company A offers a discount on an extended warranty on its cell phone when the warranty is purchased at the time the cell phone is purchased. The warranty normally has a price of $150, but Company A offers it for $120 when purchased along with a cell phone. Company A anticipates a 75% chance that a customer will purchase the extended warranty along with the cell phone . Assume Company A sells 1,000 cell phone with the extended warranty discount offer. What is the total stand-alone selling price that Company A would use for the extended warranty discount option for purposes of allocating revenue among the performance obligations in those 1,000 cell phone contracts

Answers

Answer:  [tex]= 22500[/tex]

Explanation:

given data:

original price = $150.

offer price = $120.

chance the customer would purchase the extended warranty = 75%.

no of unit sold = 1000.

solution:

total stand alone price to be used by the company.

[tex]= original price - offer price * unit sold * extended warranty.[/tex]

[tex]= $150 - $120* 1000*0.75[/tex]

[tex]= 30*1000*0.75[/tex]

[tex]= 22500[/tex]

Identify which characteristic describes common stock (CS) or preferred stock (PS) financing. May have cumulative and participating features. May be convertible into another type of security. Last to receive distribution of assets in the event of bankruptcy and liquidation. Places minimum operating constraints on the firm. Group of answer choices 1

Answers

Answer:

Common Stock (CS)

Places minimum operating constraints on the firm. - Common stock does not have to be paid dividends so place no obligations on the firm.Last to receive distribution of assets in the event of bankruptcy and liquidation. - CS is paid last when assets are liquidated as debt and preferred stockholders are paid off first.

Preferred Stock (PS)

May have cumulative and participating features. - Can be cumulative which means that if dividends are not paid in one year, the dividend will be accrued and eventually paid or they can be Participating which means that they can receive more dividends than they are entitled to. May be convertible into another type of security. - Preference shares can be converted into other securities such as Common stock.

Drag the tiles to the correct boxes to complete the pairs.
Match the instances to the marketing utilities that they satisfy toward value proposition.

Cassey has her ice-cream shop just outside
the school.

Cassey’s ice cream blends with the richest
ingredients to make it tasty as well as healthy.

Cassey also offers credit to school kids
by maintaining a book of accounts.

Casey lists the nutritional value of each
flavor on a sign at the bottom of the
ice cream cartons.

form

place

Answers

Answer:

picture?

Explanation:

you cant put this here without a picture

By addressing customer complaints as quickly as possible, even in the middle of a model year, is demonstrating ____.

a. assurance
b. empathy
c. responsiveness
d. serviceability
e. tangibles

Answers

Answer:

c. responsiveness

Explanation:

When customer's complains are quickly attended to as and when required, this is the demonstration of a quality known as responsiveness. Responsiveness is the ability to attend to requests on time when the occasion demands.

It shows and gives an assurance to customers that their request or complaints would be attended to through the channel. Thus, majority of them would prefer to use the channel instead of visiting one of the offices of the company.

a landscape archetiect is hired to build a garden which is of the shape of a right traingle. suppose the architech wants to use a brick wall on the side of AC costing $9/ft and a metal fence on the side costing $3/ft suppose the architect has $1620 budget. what is the maxmum area the architect can build with he budget

Answers

Answer:

Maximum Ares architect can build is 36,450 [tex]ft^{2}[/tex]

Explanation:

Suppose

The Perpendicular of the triangle = l

The Base of the triangle = b

The hypotenuse of the triangle = h

The hypotenuse of the triangle can be calculated as follow

h = [tex]\sqrt{l^{2} b^{2} }[/tex]

Total Budget = $1,620

As the architect does not want to build anything on the hypotenuse of the triangle area.

So as per given condition

( $9 x l ) + ( $3 x b ) = $1,620

$3 ( 3l + b ) = $1,620

3l + b = $1,620 / $3

3l + b = 540

b = 540 - 3l ...........(1)

Area = 1/2 x l x b

using (1) we will have

Area = 1/2 x l x ($540 - 3l)

Now differentiating w.r.t l

[tex]\frac{d(area)}{dl}[/tex] = [tex]\frac{\frac{1}{2} [ 540l - 3l^{2}] }{dl}[/tex]

0 =  [tex]\frac{1}{2} [ 540 - 6l] }[/tex]

0 = 540 - 6l

6l = 540

l = 540/6

l = 90 ft

Placing value of l in (1)

b = 540 - 3(90)

b = 540 - 270

b = 270

So, Maximum area will be calculated as follow

Maximum Ares = [tex]\frac{1}{2}[/tex] x 270 x 270

Maximum Ares = 36,450 [tex]ft^{2}[/tex]

During economic downswings output falls faster than employment, and the ratio of output to workers falls. employment falls faster than output, and the ratio of output to workers falls. output falls faster than employment, and the ratio of output to workers rises. employment falls faster than output, and the ratio of output to workers rises.

Answers

Answer:

output falls faster than employment, and the ratio of output to workers falls.

Explanation:

When the economy expands, output will increase faster than employment. If the opposite happens, and the economy is at a recession, output will decrease first and then unemployment will increase. Unemployment increases as a result of the decrease in total output.

The ratio of output to worker falls because the same number of employees will produce a lower amount of total output.

its me guys I'm sorry I lied​

Answers

To my knowledge I’m clarifying it’s James Charles

Jim drops his car off at ABC Garage to have his exhaust system repaired and takes the train to work. When he returns, he finds that his car has been vandalized. Jim has comprehensive coverage, but feels the garage is responsible for the damage since Jim entrusted the car to ABC Garage. Which coverage type under ABC's garagekeepers policy would split the cost of the loss with Jim's own insurer without placing blame on ABC Garage

Answers

Answer: Direct Excess Coverage

Explanation:

The coverage type under ABC's garagekeepers policy that would split the cost of the loss with Jim's own insurer without placing blame on ABC Garage is the direct excess coverage.

This coverage is identical to the direct primary coverage and it basically protects the vehicle of a client without taking into consideration the person that is responsible. The direct excess coverage will be paid in excess of the primary policy.

10. Ahron Company makes 8,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: An outside supplier has offered to sell the company all of the units it needs. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $161,600 per year. If the part were purchased from the outside supplier, $7.50 of the fixed manufacturing overhead cost being applied to the part would be eliminated. What is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 8,000 units required each year

Answers

Answer:

$62

Explanation:

The computation of the maximum amount that should be willing to pay per unit is as follows:

The Relevant costs for decision making is

= Avoidable Costs + Opportunity Costs

where,

Total Avoidable Cost = Total Units Needed × ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Avoidable Fixed Manufacturing Overhead )

= 8,000 ×  ($14.90 + $17.50 + $1.90 + $7.50)

= $334,400.

And,  the Total Opportunity Costs of Making is $161,600.

Now

Total Relevant Costs is

= $334,400 + $161,600

= $496,000.

So, the maximum per unit would be

= $496,000 ÷ 8,000

= $62

a stock has a beta of 1.5 and an expected return of 16.35%. What is the risk free rate if the markert rate of return is 12.5%

Answers

Answer:

4.8%

Explanation:

Calculation for the risk free rate if the market rate of return is 12.5%

Using this formula

Expected rate of return = Risk free rate + Beta( Market rate -Risk-free rate)

Let plug in the formula

0.1635 =Risk-free rate of return + 1.5(0.125 -Risk free rate of return)

0.1635 =Risk-free rate of return + 0.1875 - 1.5(Risk-free rate of return)

0.1635 - 0.1875 =Risk-free rate of return - 1.5Risk-free rate of return

−0.024 = - (1-0.5 Risk-free rate of return)

−0.024 = - 0.5 Risk-free rate of return

Risk-free rate of return =0.024 / 0.5

Risk-free rate of return = 0.048

Risk-free rate of return = 0.048 * 100%

Risk-free rate of return = 4.8%

Therefore the risk free rate if the market rate of return is 12.5% is 4.8%

Ecyzey541 Corporation manufactures and sells 16,200 units of Product Beautiful each month. The selling price of Product Beautiful is $32 per unit, and variable expenses are $26 per unit. Ecyzey541 is thinking about discontinuing Product Beautiful. Their research shows that $72,000 of the $112,000 in monthly fixed expenses charged to Product Beautiful would not be avoidable even if the product was discontinued. (ID#62560) Q) What would be the monthly financial advantage (disadvantage) for Ecyzey541 if they decide to discontinue Product Beautiful?

Answers

Answer:

Effect on income= $57,200 decrease

Explanation:

Giving the following information:

Units sold= 16,200

Unitary contribution margin= (32 - 26)= $6

Avoidable fixed costs= $40,000

To calculate the total financial effect on income each month, we need to use the following formula:

Effect on income= avoidable fixed costs - total contribution margin

Effect on income= 40,000 - (16,200*6)

Effect on income= -$57,200

Other Questions
why is the separation of waste rock before mining so important? If the domain of the function f(x)=2x^2-8 is {-2, 3, 5}, then the range is What do asteroids have in common with earth? During the Lewis and Clark expedition, help??!grammarnananabahabacshejen what is the spartan name for a captive worker A store is offering a 20% discount. The original price of a t-shirt is $18. What is the sale price of the t-shirt? (no tax included) 10 2/3 - 8 5/8I DONT NEED AN EXPLANATION How does social distancing address the density dependent aspect of this disease? The distance a spring stretches varies directlywith the force applied to it. If a 7-pound weightstretches a spring a distance of 24.5 inches, howfar will the spring stretch if a 12-pound weight isapplied?A. 3.4 inches B. 19.5 inchesC. 42 inches D. 294 inches What two groups lead the Boycotts of British goods? (8x+1)5=3x-6find x Demareass employer has started using a new industrial cleaner. Even though Demareas doesnt directly work with the cleaner, hes started feeling nauseated and lightheaded during and after work every day. When he asked the supervisor what type of chemicals the cleaner contained, the supervisor told Demareas that he didnt have the right to know because he doesnt handle the cleaner. Is his supervisor correct? The negative feedback loop that regulates blood cell production is called Jessica is returning home from a trip. The function d(t)=458-60t models the distance, in miles, that Jessica is from her house t hours after she began returning home. How far is Jessica from her home 5 minutes after she began returning home? 3. Leeland can eat 1 hotdog in 20 minutes. What is his unit rate in hotdogsper hour?A 1/2 a hotdog per hourB 1 hotdogs per hourC 2 hotdogs per hourD hotdogs per hour Fungi reproduce by:mitosissporesvegetative reproductionseeds factor the following 42x+28y How many head of cattle qualifies a farm as a small farm?under 25under 50under 100under 150 Tessa bought stock in a restaurant for $297.00. Her stock is now worth $356.40. What is the percentage increase of the value of Tessa's stock?