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Free_Kalibri [48]
3 years ago
7

Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the N

ew York Stock Exchange. In this transaction, __________ is a financial instrument, __________ is a financial institution, and __________ represents a financial market.
Business
1 answer:
Andrew [12]3 years ago
6 0

Answer:

Alphabet stock; Acme Investing; New York Stock Exchange.

Explanation:

Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the New York Stock Exchange. In this transaction, Alphabet stock is a financial instrument, Acme Investing is a financial institution, and New York Stock Exchange represents a financial market.

Financial instruments can be defined as assets which are having monetary value or used to record a monetary transaction. Financial instruments are generally classified on the basis of their risks, maturity, issuers etc. Some examples of financial instruments are stocks, treasury bills, commercial paper, money market mutual fund, certificate of deposits, corporate bonds etc. The market where these financial instruments (securities and derivatives) are being traded at a low transaction rate is referred to as the financial market.

Furthermore, financial institutions can be defined as a business firm or company that is involved in the business of trading financial instruments.

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A project costs $12,800 and is expected to provide a real cash inflow of $10,000 at the end of each of years 1 through 5. Calcul
Lemur [1.5K]

Answer:

Net Present Value = $28756.79

Explanation:

First we need find the real rate of interest

Real rate of interest = (Nominal rate of interest - Inflation rate )

Real Rate of interest = (10.76% - 4%)

Real of Interest = 6.76%

Now using stream of cash flows and discount the at 6.76%

0 -12800              1.000        

1 10000               0.937

2 10000               0.877

3 10000               0.822

4 10000               0.770

5 10000               0.721

Through multiplying discount value with cash flow we get the discounted value of cash flows.

0 -12800      x        1.000      = -12800  

1 10000       x       0.937      =     9370

2 10000       x        0.877     =     8770

3 10000       x        0.822     =    8220

4 10000       x        0.770      =   7700

5 10000       x        0.721       =  7210

Adding the discounted cash flows we get the value of Net present value and that is equal to $28756.79

6 0
2 years ago
For banks, online transactions are an inexpensive alternative to branch banking. Transaction costs are about ________ per online
MaRussiya [10]

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

Explanation:

Electronic payment methods are a payment system that facilitates the acceptance of payments to carry out transactions without having to use cash. The development of financial systems and advances in information technology have allowed the emergence of these new means of payment, which are increasingly used worldwide.

Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.

The advantages:

- They are safer than the use of cash.

- They allow paying for goods or services in an immediate or faster way.

- They allow easy control over the operations and expenses incurred.

- They can be used to make purchases online.

- In some cases, they help build a credit history.

- They allow access to financial products and services.

4 0
2 years ago
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,460 101 2,870 104 5,260 108 5,9
trapecia [35]

Answer:

DR Work in Progress Account $39,650

DR Factory Overhead Account $18,440

CR Wages Payable $58,090

(To record factory Labor Costs)

Workings

Work in Progress

Standard policy is to send the direct cost of Labor to the Work in Progress Account.

The Total direct cost of labor are all of the above except the Indirect cost.

= 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120

= $39,650

8 0
3 years ago
A purchase made with no planning or research is a(n) __ buying decision.
Pachacha [2.7K]
<span>A.impulse
Hope this helps.</span>
5 0
3 years ago
Read 2 more answers
James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon
Juli2301 [7.4K]

Answer:

<u>1. Entries using periodic inventory system</u>

October 12

J1

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

<u>2. Entries using periodic inventory system</u>

October 12

J1

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

J1

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

J2

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

<u>1. Entries using periodic inventory system</u>

With periodic system, inventory valuation is done at end of a specific period.

<u>2. Entries using periodic inventory system</u>

Perpetual system is the method of recalculating the value of goods held after each transaction

5 0
3 years ago
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