<span>Individuals with an internal locus of control are more likely to see their behavior as something they can adapt or change. This is a psychology term denoting that individuals take full responsibility of their actions and has the ability to will their actions because they know they could do it. Instead of asking for others’ support, the person owes up himself and changes himself for the better. Whatever he does is for himself however he does not stop himself from helping other people if needed. He does not fear failures because he knows he could get out from it.</span>
Answer:
Number of year = 10 year
Explanation:
Given:
Principal = $1,500
Rate of interest = 10% = 0.1
Amount = 2 × Principal = 2 × $1,500 = $3,000
Interest = Amount - Principal = $3,000 - $1,500 = $1,500
Find:
Number of year = ?
Computation:
⇒ Interest = Principal × Rate of interest × Number of year
⇒ $1,500 = $1,500 × 0.1 × Number of year
⇒ $1,500 = $150 × Number of year
⇒ Number of year = $1,500 / $150
⇒ Number of year = 10 year
Answer:
Debit Inventory for $1490000, debit Estimated Liability on Purchase Commitments for $290000 and credit Cash for $1780000.
Explanation:
Double entry accounting requires accounting entries to have two legs. The debit where the receiver is debited, and the credit leg where the giver is credited.
In this case Cullumber Corp made a payment of $1.78 million cash, so cash is credited for this amount.
Actual value of raw materials is $1.49 million, so as it is recieved we debit inventory for $1.49 million.
The balance which is a loss is debited from Estimated liability on purchase commitments.
The balance to be debited from this account is 1.78 million - 1.49 million= $290,000
the correct answer would be d. the stamp collection, the bank account, and the skateboard.
Answer:
A. $7.65
B. $ 17.65
$ 18.07
Explanation:
A. Calculation to determine the price of a 3-month put option on P.U.T.T. stock at an exercise price of $100
Using this formula
P = C-S+[X/(1+r)T]
Let plug in the formula
P = 10-100+[100/(1+0.10)1/4]
P = 10-100+[100/(1.10)1/4]
P = 10-100+[100/1.0241]
P = 10-100+97.65
P = 10-2.35
P = $7.65
Therefore the price of a 3-month put option on P.U.T.T. stock at an exercise price of $100 will be $7.65
B. Calculation for the Stock price future movements
Total cost of straddle option = $10+$ 7.65
Total cost of straddle option= $ 17.65
Therefore Stock price future movements is $ 17.65
Calculation to determine the profit on your initial investment
Profit=$ 17.65*(1.10)^1/4
Profit=$ 17.65*1.0241
Profit= $ 18.07
Therefore the profit on your initial investment will be $ 18.07
