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4 years ago

14

Provide an example of software that may be used to maintain financial records, and identify advantages of using it over maintain

ing manual records

1 answer:

soldier1979 [14.2K]4 years ago

5 0

For businesses, you can use Quickbooks to manage financial records like payments, expenses, inventory, etc.

This is an advantage because report writing becomes easier to manage, automated tax calculations, and increased accuracy.

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Stock Y has a beta of 1.8 and an expected return of 18.2 percent. Stock Z has a beta of .8 and an expected return of 9.6 percent

nlexa [21]

Answer:

The reward to risk ratio for stock Y is 7.22%

The reward to risk ratio for stock Z is 5.50%

Explanation:

First and foremost, it is very important to note that the reward-to-risk ratio of a stock is the risk premium paid by the stock divided by its asset Beta.

The risk premium is calculated as stock expected return minus risk free rate

The risk premium is denoted by (rm – rrf) in Capital Asset Pricing Model of Modgiliani and Miller

For stock Y risk premium is 18.2%-5.2%=13%

For stock Z risk premium is 9.6%-5.2%=4.40%

For stock Y reward to risk ratio=13%/1.8=7.22%

For stock Z reward to risk ratio=4.40%/0.8=5.50%

Hence stock Y has a higher reward to risk ratio

4 0

3 years ago

Read 2 more answers

Which is NOT a requirement for consideration?

rodikova [14]

Answer: B. Intent to contact

Explanation: answer on Edg. 2021

4 0

3 years ago

Gonzales Company declared and distributed a 10% stock dividend when it had 800,000 shares of $1 par value common stock outstandi

Alenkinab [10]

Answer: C. Additional Paid-in Capital -Common $4.720,000.

Explanation:

Based on the information given in the question, the journal entry to record the stock dividend would go thus:

Debit: Retained earnings = 80000 × $60 = $4,800,000

Credit: Common stock = 80000 × $1 = $80000

Credit: Additional paid in capital- Common stock = 80,000 × $59 = $4,720,000

(To record share dividend)

Therefore, the journal entry to record the stock dividend would include a credit to Additional Paid-in Capital -Common $4.720,000

7 0

3 years ago

Imagine that you are holding 7,000 shares of stock, currently selling at $70 per share. You are ready to sell the shares but wou

Readme [11.4K]

Answer:

Consider the following calculations

Explanation:

Number of Shares held = 7000

Current Price = $ 70

Portfolio Value = 7000 * 70 = 490,000

If continued to hold the shares

Portfolio value at $ 57 = 7000 * 57 = 399,000

Portfolio Value at $ 77 = 7000 * 77 = 539,000

If implemented collar strategy - Selling a call option and buying a put option

Call option

Strike Price = 75

Price of the option = $ 2

Put Option

Strike Price = 65

Price of the option = $ 4

Amount received on sale of Call option = 7000 * 2 = 14,000

Amount paid on buying a put option = 7000 * 4 = 28,000

Value of the Portfolio = 7000 * 70 + 14000 – 28000 = 490,000 +14000 – 28000 = 476,000

If the stock price in January is 57

As the strike price 75 is higher than the current market price of 57, the call option buyer will allow the option to expire

As the strike price of 65 is higher than the current price of 57, the investor will utilise the put option

Profit from Put option can be obtained by buying shares from market and selling the same under the put option

Profit from put option =7000 * (65-57) = 7000 * 8 = 56000

Value of the portfolio = Holding Value at current price + premium received – premium paid+ profit from put option

= 7000 * 57 + 14000 – 28000 + 56000

= 399000 + 14000 – 28000 + 56000

= 441,000

If the stock price in January is 70

As the strike price 75 is higher than the market price of 70, the call option buyer will allow the option to expire

As the strike price of 65 is lower than market price of 70, the invest will allow the put option to expire

Portfolio Value = Holding value at current market price + premium received – premium paid

= 7000 * 70 + 14000 – 28000

= 490000 + 14000 – 28000 = 476,000

If the market price in January is 77

As the strike price of 75 is lower than market price of 77, the buyer of call option will enforce the call option

Loss from call option = 7000 * (77-75) = 7000 * 2 = 14000

As the strike price of 65 is lower than market price of 77, the investor will allow the put option to expire

Portfolio Value = Holding value at current market price + premium received – premium paid – loss on call option

Portfolio value = 7000 * 77 + 14000 – 28000 – 14000

= 539000 + 14000 – 28000 – 14000

= 511,000

4 0

4 years ago

The Bijou Theater in Hermosa Beach, California, shows vintage movies. Customers arrive at the theater line at the rate of 100 pe

a_sh-v [17]

Answer:

<u>Task a: </u>

<u>What is the average customer time in the system?</u>

Answer: 30 seconds

<u>Task b:</u>

<u>What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?</u>

Answer: 33.34 minutes

<u>Task c:</u>

<u>Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?</u>

Answer: 16.67 minutes

Explanation:

<u>Task a:</u>

<u>What is the average customer time in the system?</u>

<u>Solution:</u>

Average customer time = 30 seconds per customer.

Total number of customers in an hour = 100.

Total time taken to attend customers = time per customer*total customers

= 30*100 = 3,000 seconds or 50 minutes.

So, 100 customers are attended in 50 minutes.

Average time = 50/100 = 0.5 minutes or 30 seconds

<u>Task b:</u>

<u>What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?</u>

<u>Solution:</u>

If the average service time is reduced to 20 seconds, the customer time will reduce in the system.

For 100 customers, total time taken = 20*100 = 2,000 seconds or 33.34 minutes

Thus waiting time for the 100th customer has fallen from 50 minutes to 33.34 minutes.

<u>Task c:</u>

<u>Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?</u>

<u>Solution:</u>

In this case, 100 customers will be divided into 1/3rd each i.e. 100/3 in each line.

So, waiting time for the 100/3th customer = 100/3*original time = 100/3*30 seconds = 1,000 seconds or 16.67 minutes.

Thus, within 16.67 minutes the line would be serviced.

Therefore, System waiting time will be less than as calculated in b.

3 0

4 years ago