Final answer:
Eleanor's total investment in Krit Corp. is calculated by multiplying the number of shares she owns by the stock's current trading price, resulting in a total of $5,250.00.
Step-by-step explanation:
The calculation provided accurately determines Eleanor's total wealth in Krit Corp. by multiplying the number of shares she owns by the current trading price per share. Let's break down the steps and reasoning for a comprehensive understanding.
Eleanor's total investment in Krit Corp. is determined by multiplying the number of shares she owns by the current stock price per share. In this case, Eleanor owns 175 shares, and the current stock price is $30.00 per share.
To calculate her total investment, the number of shares (175) is multiplied by the stock price per share ($30.00):
Total Investment= Number of Shares*Stock Price per Share
Therefore, Eleanor's total wealth in Krit Corp. is $5,250.00. This represents the current market value of her investment in the company. It's a straightforward calculation that reflects the multiplication of the number of shares by the current trading price per share, providing a clear understanding of the value of her holdings in Krit Corp.
In conclusion, the $5,250.00 accurately represents Eleanor's total wealth in Krit Corp., reflecting the product of her share ownership and the current stock price.