A negative value for a correlation indicates ___

On January 1, you sold short four round lots (that is, 400 shares) of Four Sisters stock at $63 per share. On March 1, a dividen

Ede4ka [16]

Answer:

Value of the account = -$900

Explanation:

Accumulated profits from the short sale = Number of shares x Price per share

= 300 x $50 = $15,000

Commissions that are paid during the short sale = Commission per share x Number of shares

= 0.5 x 300 = $150

The Net proceeds from the short sale = Proceeds – Commissions

= 15000 – 150 = $14,850

Total dividend paid = Number of shares x Dividend per share

= 300 x 3 = $900

Money paid in covering the short sale = Number of shares x Price

= 300 x $49 = $14,700

Commissions paid in covering the short sale = Commission per share x Number of shares

= 0.5 x 300 = $150

Total money paid in covering the short sale

= 14700 + 150 = $14,850

Therefore, Value of the account = Proceeds – Dividend paid – Money paid

= $14,850 - $900 - $14,850 = -$900

Value of the account = -$900

6 0

3 years ago

Read 2 more answers

Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be

Dvinal [7]

Answer:

D. 34.00%

Explanation:

The computation of the new contribution margin is shown below:

As we know that

Contribution Margin = Net Sales Revenue - Variable Expenses

where,

Net sales revenue is

= 604 units × $32.5

= $19,630

The variable expense = Total material cost + total labor cost

Total Material Cost = 604 units × $14.36 = $8,673.44

Total Labor Cost = 604 units × $7.09 = $4,282.36

So, the variable expense is

= $8,673.44 + $4,282.36

= $12,955.8

Now

Contribution margin = $19,630 - $12,955.8 = $6,674.2

And,

Contribution margin ratio = Contribution margin ÷ net sales

So, Contribution margin = $6,674.2 ÷ $19,630

= 34.00%

4 0

4 years ago

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D

telo118 [61]

Answer:

Equivalent units for material = 294,500 units

Equivalent units for conversion cost=225,225 units

Explanation:

<em>Equivalent units for conversion cost</em>

completed unit = 100% × 213,000

Closing work in progress = (15% ×81,500)

Equivalent units for conversion cost = (100% × 213,000) + ( 100% × 213,000)

= 225,225 units

<em>Equivalent unit for Materials </em>

completed unit = 100% × 213,000

Closing work in progress = (100% ×81,500)

(100% × 213,000)+ (100% ×81,500) = 294,500

7 0

3 years ago

Find the final amount of money in an account if $ 8 , 000 is deposited at 5 % interest compounded semi-annually and the money is

Vika [28.1K]

Answer: $12477.27

Explanation:

The formula to find the compound amount after t years (compounded semiannually) :-

$A=P(1+\dfrac{r}{2})^{2t}$

Given : Principal amount : P = $ 8,000

Rate of interest : $r=0.05$

Time : 9 years

Now, $A=8000(1+\dfrac{0.05}{2})^{2\times9}$

$A=8000(1+0.025)^{18}=12477.2697417\approx\$12477.27$

The final amount in the account will be $12477.27

5 0

3 years ago

Shoshone County uses the consumption method to account for supplies. At the beginning of the year the City had no supplies on ha

zhuklara [117]

Answer:

Expenditures $300,000; Supplies inventory $150,000.

Explanation:

The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.

After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.

Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.

3 0

3 years ago

A negative value for a correlation indicates ____.