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1 year ago

The settlement date between the options clearing coporation and the clearing firm for otpions transactions is?

1 answer:

8 0

The settlement date between the Options Clearing Corporation and a clearing member is one business from the trade date for options transactions.

What do you mean of trade?

Trade means to the exchange of goods or services between economic sectors. Though transactions are consensual, trade is generally recognize to profit both parties. In finance, trading generally means to the purchase and sale of securities or other assets.

How trade is important?

Trade is central to ending global poverty. Countries that are open to international trade tend to grow better, innovate, enhance productivity and provide higher income and more opportunities to their people. Open trade also provide lower-income households by providing consumers more affordable goods and services.

Learn more about trade:

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The Overland Company is preparing its cash budget for the month of June. The following information is available concerning its a

Alex777 [14]

Answer:

total estimated cash collections = $300,050

Explanation:

estimated collections during June:

collections of credit sales from May = $257,000 x 65% = $167,050

collections from credit sales before May = $50,000

collections from credit sales during June = $332,000 x 25% = $83,000

total estimated cash collections = $300,050

the write offs and the bad debt provisions are not included in this calculation.

8 0

3 years ago

Q7. Which of the following is a necessary condition – something that must occur—for nominal GDP to rise? Explain your answers.

shusha [124]

Answer:

Either the price level or real GDP must increase

Explanation:

Gross Domestic Product (GDP) is used to measure the economic growth, purchasing power, and overall economic health of a country. nominal Gross Domestic Product, measures the value of all final goods and services produced within a country’s borders at current market prices. It takes change in prices and interest rates, inflation and money supply into account when calculating a country’s gross domestic product. Real GDP takes nominal GDP and adjusts for inflation or deflation by comparing and converting prices to a base year’s prices. For nominal GDP to rise there must be increase on either the price level or real GDP.

5 0

3 years ago

The objective section of a resume should consist of no more than:

Alona [7]

Answer:A

Explanation:

A p e x

3 0

3 years ago

Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 13 ounc

Olin [163]

Answer:

Direct material budget (in pounds)= 588,125

Direct material budget ($)= $941,000

Explanation:

Giving the following information:

Production= 730,000 candles

Direct material required for each unit:

13 ounces of wax

The estimated January 1 wax inventory is 18,600 pounds.

The desired January 31 wax inventory is 13,600 pounds.

Candle wax costs $1.60 per pound.

The direct material purchases are determined by the production requirements, the beginning inventory, and the ending inventory.

First, we need to calculate the amount of wax for the period:

Production= 730,000 candles*13 ounces= 9,490,000 ounces

In pounds= 9,490,000/16= 593,125 pounds.

Direct material budget (in pounds)= Production for the month + ending inventory - beginning inventory

Direct material budget (in pounds)= 593,125 + 13,600 - 18,600= 588,125

Direct material budget ($)= 588,125*1.6= $941,000

5 0

2 years ago

Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y

Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0

3 years ago