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2 years ago

Cara writes an e-check on Monday to pay a bill in the simulation. What is the earliest it will be applied to the vendor account?

1 answer:

4 0

Based on the length of time an e-check generally takes, the earliest it might be applied to a vendor's account is on <u>Thursday</u>.

<h3>What day will the payment be applied to the vendor's account?</h3>

When an e-check is written, it has to be verified by the bank first. This process takes about 24 to 48 hours.

After verification, the bank can then send the funds to the vendor's account. This part of the transaction can take between 3 to 5 business days from the day the check was issued.

Considering the earliest time is 3 business days, an e-check written on Monday will reach a vendor's account three days later on a Thursday.

Find out more on online payments at brainly.com/question/1109723.

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Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where

WITCHER [35]

Answer:

Chris paid $109.68 for his bond. Since he paid a premium for the bond, the YTM is lower than the coupon rate.

Explanation:

yield of Cheryl's bond is 6% since she purchased it at par and the bond's coupon is 6%

if Chris's bond yields 80% of Cheryl's, it will yield 6% x 0.8 = 4.8%

we can use the approximate yield to maturity formula to find the market price of Chris's bond:

2.4%(semiannual) = {3 + [(100 - MV)/20]} / [(100 + MV)/2]

0.024 x [(100 + MV)/2] = 3 + [(100 - MV)/20]

0.024 x (50 + 0.5MV) = 3 + 5 - 0.05MV

1.2 + 0.012MV = 8 - 0.05MV

0.062MV = 6.8

MV = 6.8 / 0.062 = 109.68

8 0

3 years ago

Consider a stock priced at $30 with a standard deviation of 0.3. The risk-free rate is 0.05. There are put and call options avai

Elza [17]

Answer:

-$11

Explanation:

Covered Call involves Buy stocks and Sell call options

Earning $2.89 by selling call. So, at stock price of $27, the payoff from options is $2.89 per option

Options Profits = $2.89 * 100

Options Profits = $289

Profit of stock = ($27 - $30) * 100

Profit of stock = -$300

Investor Net Profit = Profit of stock + Options Profits

Investor Net Profit = -$300 + $289

Investor Net Profit = -$11

6 0

3 years ago

Had columbus's voyage acquired wealth for spain, he was supposed to keep what amount?

kotegsom [21]

He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>

5 0

3 years ago

Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on

AlladinOne [14]

Answer:

Saddle Inc.

1. Overhead rate using the traditional (plantwide) approach is:

= $1.84

2. The overhead rates using activity-based costing approach are:

Machining = $72.49

Machine setup = $211.69

3. The difference in allocation between the two approaches:

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

Explanation:

a) Data and Calculations:

Total estimated overhead costs = $300,000

Machining activity = $195,000

Machine setup activity = $105,000

Standard Custom Total

Direct labor costs $60,000 $103,000 $163,000

Machine hours 1,400 1,290 2,690

Setup hours 96 400 496

Overhead rate based on direct labor costs = $1.84 ($300,000/163,000)

Overhead rates using activity-based costing approach:

Machining = $72.49 ($195,000/2,690)

Machine setup = $211.69 ($105,000/496)

Allocation of overhead costs:

Standard Custom Total

Using plantwide $110,400 $189,520 $299,920

Using ABC:

Machining $101,486 $93,512 $194,998

Machine setup 20,322 84,676 104,998

Total costs $121,808 $178,188 $299,996

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

6 0

2 years ago

The 2008 credit crunch occurred when banks reduced lending in response toa the loss of asset value for mortgage-backed securitie

rjkz [21]

Answer:

The correct answer is option a.

Explanation:

In 2007-2009 financial crisis occurred globally which originated in the US. It was triggered in the US because of the collapse of the housing bubble which caused the price of houses to decline.

The housing bubble was backed by mortgages securities. The percentage of lower quality or subprime mortgages increase around 2004-06.

This reduction in the asset value for mortgage securities caused the banks to reduce their lending as the debts on consumers and businesses were increasing.

This caused the credit crunch in the year 2008.

6 0

3 years ago