I believe it’s b.
Sorry if it’s wrong I’m not sure
Given:
salary: <span>$10.50 an hour
25 hours a week
expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.
There is no specific question but I will solve for Marcus net earnings for the year.
25 hours/week * 52 weeks/yr = 1,300 hours/year
Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730
13,650 - 2,730 = 10,920 net salary for the year
Cell phone bill: 65 per month * 12 months = 780
Net salary: 10,920
Cell phone bill (780)
Car insurance: <u> (1,200)</u>
Net Income: 8,940 per annum.
</span>
Answer: Weak form EMH
Explanation:
Weak form efficiency is also called the random walk theory states that past volume, price movements and earnings do not affect the price of a stock and can not be used to forecast its future direction. Weak form efficiency states that prices of future securities are random and not determined by past events and that there is no relationship between past information and current market prices.
The principle of weak form efficiency has been contradicted because other investors are making use of Joe's past information to create a trading pattern.
Answer:
The correct answer is: The firm would present the order to the Options Clearing Corporation.
Explanation:
The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (<em>SEC</em>) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.
Answer:
D. $30,000
Explanation:
The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is expensed over the bond period until maturity. It is added to the interest expense value to expense it.
This discount will be amortized using Effective Interest method as below
Interest Payment = $5,000,000 x 8% x 6/12 = $200,000
Interest Expense = $4,600,000 x 10% x 6/12 = $230,000
Discount amortization = $230,000 - $200,000 = $30,000
