Answer:
Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.
Most Liquid - A $5 bill
This is already cash so it is the most liquid there is.
Second-Most Liquid - The funds in a money market account
Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.
Third-Most Liquid - A share in a publicly traded company
A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.
Least Liquid - Your house
Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.
Answer:
Jenny Holzer
Explanation:
Jenny Holzer is one of the famous neo-conceptual artist in America, who specialized in the delivering of ideas as well as words arround public places.
Jenny Holzer produces works that are installed in public places and use words that resemble advertising slogans.
The question is incomplete. The complete Question is as follows,
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:
Units to be produced
October 4,500
November 4,750
December 5,200
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?
A) 4,500 ounces
B) 13,575 ounces
C) 13,425 ounces
D) 4,525 ounces
Answer:
Purchases = 13575 ounces
Option B is the correct answer
Explanation:
To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.
Material available at Start - October = 10% * 4500 units * 3 ounces per unit Material available at Start - October = 1350 ounces
Material required at end - October = 10% * 4750 units * 3 ounces per unit
Material required at end - October = 1425 ounces
Material required to produce required units in October = 4500 * 3 = 13500
Production = Opening Inventory + Purchases - Closing Inventory
13500 = 1350 + Purchases - 1425
13500 + 1425 - 1350 = Purchases
Purchases = 13575 ounces
Answer:
Net profit will be reduced by $5,700
Explanation:
The computation of financial advantage (disadvantage) is shown below:-
Gain from selling at the split-off point = Sold split-off point × Total units
= $11 × 2,300
= $25,300
Gain from Processing further = Sold units × Total units - Processing cost
= $13 × 2,300 - $10,300
= $29,900 - $10,300
= $19,600
Decrease in overall profit = Gain from selling at the split-off point - Gain from Processing further
= $25,300 - $19,600
= $5,700
Therefore, if commodity QI is further processed and sold, then net profit will be reduced by $5,700
Answer:
500,000 Pesos (MXN) is the June Futures Contract
Number of Contracts Sold = 8
Initial Exchange Rate = 0.10773$ / MXN
Initial Position Value = 8 x 500000 x 0.10773
Initial Position Value = $430,920
i. Final Exchange Rate = $0.12002 / MXN
Final Position Value = 8 x 500000 x 0.12002 = $480,080
Net Position Value = 430920 - 480080 = - $49,160
ii. Final Exchange Rate = $0.09802 / MXN
Final Position Value = 8 x 500000 x 0.09802 = $392,080
Net Position Value = 430920 - 392080 = $3,884
