The Commission is an independent statutory body established under the Competition Ordinance (Cap. 619) (the Ordinance) which was enacted in June 2012. The objective of the Ordinance is to prohibit conduct that prevents, restricts or distorts competition, and to prohibit mergers that substantially lessen competition in Hong Kong. The scope of the application of the merger rule is limited to carrier licences issued under the Telecommunications Ordinance
Answer:
Answer for the question:
Required Rate of Return As an equity analyst you are concerned with what will happen to the required return to Universal Toddler' stock as market conditions change. Suppose rRF = 4%, rM = 8%, and bUT = 2.2. Under current conditions, what is rUT, the required rate of return on UT Stock?
Round your answer to two decimal places. 12.8 %
Now suppose rRF increases to 5%. The slope of the SML remains constant. How would this affect rM and rUT?
I. rM will increase by 1% and rUT will remain the same.
II. Both rM and rUT will decrease by 1%.
III.Both rM and rUT will remain the same.
IV. Both rM and rUT will increase by 1%.
V. rM will remain the same and rUT will increase by 1%.
Is given in the attachment.
Explanation:
Answer:
Note = $5,000
Interest rate = 6%
Time period = 120 days
The journal entry is as follows:
On July 12,
Account receivable A/c Dr. $5,100
To Notes receivable $5,000
To Interest revenue $100
(To record note dishonor)
Workings:
Interest revenue = $5,000 × 0.06 × (120÷360)
= $100
Answer:
The entry should be:
c. Debit Cash $45,731.25; credit Interest Revenue $731.25; credit Notes Receivable $45,000
Explanation:
Jasper makes a cash loan to Clayborn Co.. This is a Notes Receivable of Jasper.
The amount of the loan is $45,000
Tern of the loan is 90-day and interest rate is 6.5%
The interest amount Jasper receives on maturity date:
$45,000 x 6.5% x 90/360 = $731.25
The entry should be:
Debit Cash $45,731.25
Credit Interest Revenue $731.25
Credit Notes Receivable $45,000
Answer:
Her net pay for the month is $6,392.42
Explanation:
In order to calculate Her net pay for the month we would have to calculate the following formula:
net pay for the month=Gross earnings-Total Deductions
Gross earnings=$8,438.00
Deductions:
Social security tax=$8,438*6.2%
=$523.16
Medicare tax=$8,438*1.45%
=$122.35
Federal income tax=$1,400.07
Total deductions=$523.16+$122.35+$1,400.07
=$2,045.58
Therefore, Net pay=$8,438.00-$2,045.58=$6,392.42