Answer:Not subject to the GAC security interest because Wally is regarded as a buyer in the ordinary course of Marina business.
Exlanation:
Since Marina is in sales of inventory in the normal course of business Wally transaction is simply a sales of good Contract.
Answer:
A.
DR Foreign Currency Transaction loss 1,000
CR Accounts Payable (SFr) $1,000
Explanation:
When the transaction was agreed on September 3, 20X8, the exchange rate was;
$0.85 : 1 franc
Therefore the $17,000 was valued at;
= 17,000/0.85
= 20,000 francs
When the transaction was paid for however, on October 10, the Franc had gained on the dollar by;
= 0.9 - 0.85
= $0.05
This means that the dollar got weaker by $0.05 so the company made a loss of
= 20,000 francs * 0.05
= 1,000 francs
This will be recorded as;
DR Foreign Currency Transaction loss 1,000
CR Accounts Payable (SFr) $1,000
Answer:
a. Rate of return is 4.81%
b. He will receive the same return of 4.81% percent as the fund manger have.
Explanation:
a.
Start of the year NAV = $22 x 103% = $22.66
End of the year NAV = $23.10 x 0.92 = $21.25
Change in Price = 21.25 - 22.66 = - $1.41
Rate of Return = (( Change in NAV + Distribution received ) / start of the year NAV) x 100
Rate of Return = (( -$1.41 + $2.5 ) / 22.66 ) x 100
Rate of Return = 4.81%
b.
He will receive the same return of 4.81% percent as the fund manger have.
I think this is true for most people
Answer:
These data suggest that Ms. Thomson should buy less of B and more of A.
Explanation: When comparing the marginal utility of two products, it is advised that a consumer should buy more of the product that give them the highest marginal utility per unit money spent on such a product.
What this basically means is this, for a consumer to maximize their utility, they should spend more on products that yield the highest marginal utility per unit money.
Therefore in the scenario given above, we will calculate to see which product yields the highest marginal utility.
For product A, the marginal utility per dollar is 16/2 = 8.
For product B, the marginal utility per dollar is 24/4 = 6.
We can now see that Product A has this higher marginal utility per dollar, and therefore, more of this product should be consumed and less of Product B should be consumed.