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2 years ago

Investment mathematics

Business

1 answer:

8_murik_8 [283]2 years ago

4 0

Hii :))

Investment Mathematics is a book which provides an introductory analysis of investments from a quantitative viewpoint, drawing together many of the tools and techniques required by investment professionals.

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How does the timing of adjusting entries differ from the accounting for daily transactions? Adjustments are made at the beginnin

BigorU [14]

Answer:

Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.

Explanation:

Adjusting entries are adjustments made on accounts to recognize revenue or expenses that were not properly recorded before. They are usually done at the end of the month or the end of the accounting period to balance debit and credit records.

While you record daily transactions the same day in which they occur.

6 0

4 years ago

Factor Co. can produce a unit of product for the following costs: Direct material $ 7.70 Direct labor 23.70 Overhead 38.50 To

vovangra [49]

I would help you but I can’t understand this

8 0

3 years ago

The stockholders' equity of TVX Company at the beginning of the day on February 5 follows.

Monica [59]

Answer:

TVX Company

Stockholders Equity Section of the Balance Sheet, February 28

Common stock $632,400

Paid in capital in excess of par value, Common stock $449,040

Retained earnings $513,560

Total Stockholders Equity <u>$1,595,000</u>

<u>Workings</u>

Common Stock

= Common Stock + Dividends Declared

= 620,000 + ( 2% * 62,000 shares * $10 par value)

= 620,000 + 12,400

= $632,400

Paid in capital in excess of par value, Common stock

Dividends were declared based on current market value of $31 not par value of $10 so the differnce will be catered for here.

= Balance + Dividends Declared

= 423,000 + (2% * 62,000 * $21 which is differnce between par value and market value)

= 423,000 + 26,040

= $449,040

Retained earnings

= Retained Earnings - Dividends distributed

= 552,000 - (2% * 62,000 * $31)

= 552,000 - $38,440

= $513,560

4 0

3 years ago

There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related t

Allushta [10]

Answer:

The correct order is:

D. Define your financial goals. Pay off credit card(s) by the end of this school term.

B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.

A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.

E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.

C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.

Explanation:

The first step in financial planning is to determine your financial goals: buying a house, paying off credit card debt, paying off student loans, etc.

Next, your personal financial situation must be assessed in order to determine how far you are from achieving your financial goal.

The third step consists in devising the plan: the plan should try to concile your goals with your financial situation. The idea is to find a way to realistically attain your financial goals.

The fourth step is to implement the plan, and the fifth step is to review the results of the plan periodically, in order to correct any mistakes, or to design a new plan altogether.

6 0

3 years ago

Scenario 24-2 The price tag on a golf ball in 1975 read $0.20, and the price tag on a golf ball in 2005 read $2.00. The CPI in 1

zlopas [31]

Answer:

The price of the 1975 golf ball in 2005 is $0.55

Explanation:

In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.

Before we begin to answer, we have been seeing CPI, what could this mean?

The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.

Now, we mathematically propose a solution to the problem as follows;

We identify the following;

CPI in 1975 = 52.3

CPI in 2005 = 191.3

We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;

CPI change between years = CPI IN 1975/ CPI in 2005

= 52.3/191.3

= 0.273

Now, we proceed to calculate the price of the 1975 ball in 2005.

Mathematically;

A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005

= 0.273 * 2

= $0.55

7 0

4 years ago

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