Answer:
Efficient market school.
Explanation:
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
<em>Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market. </em>
Answer:
Explanation:
In the classified balance sheet, we summarize the asset and liabilities into various types
Like assets are divided into fixed assets, current assets, and intangible assets.
Likewise, liabilities are also divided into current liabilities, long term liabilities
In every balance sheet, the accounting equation is used that means
Total assets = Total liabilities + Shareholder equity
The impact of the fixed assets under the classified balance sheet for Barnes corporation is presented in the spreadsheet. Kindly find the attachment below:
Answer:
$70,000
Explanation:
Total Cost:
= Direct materials + Direct labor + Manufacturing overhead applied
= $55,000 + $30,000 + $27,000
= $112,000
Units produced = 4,000 units
Units sold = 1,500 units
Unit Cost = Total Cost ÷ Units produced
= $112,000 ÷ 4,000
= $28 per unit
Stock in Hand:
= Units produced - Units sold
= 4,000 - 1,500
= 2,500
cost of the finished goods on hand:
= Stock in Hand × Unit Cost
= 2,500 × $28 per unit
= $70,000
Answer:
Explanation:
The journal entries are shown below:
On May 1, 2017:
No entry as on this date the contract is entered
On May 15, 2017:
Cash A/c Dr $990
To Unearned Revenue A/c $990
(Being advance cash is recorded)
On May 31, 2017:
Unearned Revenue A/c Dr $990
To Sales revenue A/c $990
(Being the revenue is recognized)
On May 31, 2017:
Cost of Good sold A/c Dr $648
To Inventory A/c $648
(Being cost of goods sold is recorded)