Answer:
300+3000+360+450+480+330+600+6600 =12120
12120 x 6000 ÷ 100 = 727 200
Explanation:
Add all expenses but leave out the 6,000 because it's Depreciation.
Answer: True
Explanation:
Governmental funds refers to the assets, money, or property, of the government.
It should be noted that the non major governmental fund is also a form of fund as well and therefore, the amounts that are reported for assets and liabilities in the total column for the combining balance sheet for the nonmajor governmental funds will also have to be reported in the other governmental funds column of the governmental funds balance sheet.
Therefore, the correct option is True
Answer:
Bought stocks on credit, thinking the value could only increase.
Explanation:
Currently the securities and exchange commission (SEC) defines buying stocks on credit as buying through a margin account. This was a very common before the 1929 stock crash since investors speculated that the price of stocks would keep increasing. The notion that the stock prices could fall was not something considered possible back then. So when the market stooped growing, and the price of stocks started to lower, investors couldn't pay their loans and even if the securities were held as collateral, their value collapsed. Some people made huge fortunes doing this, but others lost everything.
Answer and Explanation:
(A) E(P) = (0.6) × ($2800) + (0.4) × ($2250)
= $1680+$900
= $2,580
E(S) = (0.6) × (1.40)+(0.4) × (1.5)
= 0.84 + 0.60
= $1.44
Var(S) = (0.6)(1.40 - 1.44)² + (.4)(1.50 - 1.44)²
= .00096+.00144
= 0.0024.
Cov(P,S) = (0.6)(2800-2580)(1.4-1.44) + (0.4)(2250-2580)(1.5-1.44)
= -5.28-7.92
= -13.20
b = Cov(P,S)/Var(S)
= -13.20/.0024
= -£5,500.
there is a negative exposure. as the pound gets stronger/weaker against the dollar the dollar value of british holding goes higher.
(B) b²Var(S) = (-5500)²(.0024) = 72,600($)²
(C). i would Buy 5,500 forward to hedge exchange risk exposure. By doing this, i can eliminate the volatility of the dollar value of your British asset that is due to the volatility of the exchange rate
