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3 years ago

Ollie Company experienced the following events during its first-year operations:

Business

1 answer:

Umnica [9.8K]3 years ago

4 0

Answer:

a. Events that will affect the income statement are :

Part c
Part d

b. Income statement that shows the results of Year 1 operations.

Revenue Earned $59,000

Less Expenses :

Expenses ($43,000)

Net Income / (Loss) $16,000

Explanation:

The Income Statement shows the Profit or Loss that resulted during the reporting period.

Only items of Revenue/Income and Revenue Expenditures (Expenses) are accounted for in Income Statement.

Profit or Loss = Sales <em>less</em> Expenses

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Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year mexican bond that pays 10% interest. N

Iteru [2.4K]

The amount of money I would have in US dollars would be $1,000

<h3>How much would I have in US dollars?</h3>

The first step is to convert dollars to pesos:

$1000 x 10 = 10,000 pesos

The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos

Now, convert pesos to dollars : 11,000 / 11 = $1,000

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2 years ago

Marla made a spreadsheet in Excel showing the projected costs for a concert she was putting on. What can Marla enter into cell A

aliina [53]

Marla will use the formula to find the updated cost.

=A2-A4-A6-A8-A10

Because A2 is budget and A4, A6, A8 and A10 all are expenses. So she has to budget-all expenses.

So option A=A2-A4-A6-A8-A10 is true.

<h3>What is a spreadsheet?</h3>

A spreadsheet is a computer program that can capture, display and manipulate data arranged in rows and columns. Spreadsheets are one of the most popular tools available with personal computers.

A single spreadsheet can be used as a worksheet to compile data for a purpose, or multiple sheets can be combined to create an entire workbook.

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1 year ago

A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an

Scrat [10]

Answer: - $3

Explanation:

We should note that the holder of a put will gain when the share price is below the exercise price.

Since the gain with regards to the question is ($30 - $29) = $1 and the premium paid is 4, then the maximum profit per unit will be:

= Gain - Premium paid

= $1 - $4

= -$3.

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3 years ago

Trew Company plans to issue bonds with a face value of $ 900,000 and a coupon rate of 6 percent. The bonds will mature in 10 yea

luda_lava [24]

r = (8.5:2) = 4.25% (because interest is paid semiannually)

n = 10 * 2 = 20 (compounded twice a year)

Present value of principal

(900000 * PVF (4.25% , 20))

391491

900000*0.43499)

Interest Present Value

(900000*6%*6/12)*PVA(4.25%,20))

358949

27000*13.2944)

Issue Price 750440.

Interest is the amount paid by the borrower or deposit-taking financial institution to the lender or depositor in excess of the repayment of the principal (that is, the amount borrowed) at a specified rate.

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1 year ago

When the bond investor believes interest rates are going to fall, the best strategy would be to: A. take a bearish position in t

Katarina [22]

Answer:

The answer is "Option B".

Explanation:

Investment in long-term bond financing, as well as other long-term bonds, focuses on long-term returns assets with their very own risks and also higher income. Therefore, these funds can be outstanding commercial vehicles but not generally the best investment. It refers particularly to investors who seek to raise revenue and minimize uncertainty, that's why choice B is correct.

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2 years ago