Answer:
Explanation:
a) Contract to purchase = 500 troy ounces / 50 = 10 contracts
b) Purchase price = 500 ounces × $ 1265 = $ 632500
c) Dollar profit at $ 1290 = 500 ( $ 1290 - $ 1265) = $ 12500
d) Dollar profit at $ 1290 = 500 ( $1210 - $1265) = $- 27500
The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.
The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.
<h3>Calculation of Compounded Monthly Payments </h3>
- The formula to calculate compound interest is as below.
- The values obtained will now be derived into the following formula,
So, it is clear that the compounded monthly payments will be $104.11.
Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.
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Answer:
SHEILA
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Sheila's opportunity cost in producing berries = 10/40 = 0.25
Jim's opportunity cost in producing berries = 8/24 = 0.33
Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries
Given its current stock price the dividend yield would be 42.39%.
Given,
Digby is paying a dividend of $19. 67 (per share)
Dividend were raised by $3. 64
Dividend yield = Dividend per share / Market price per share.
As there is no share price given, I shall assume that the share price is $100. The new share price will be:
= 100 * (1 + $3. 64)
= $464
The Dividend yield would then become:
= 19.67 / 464
= 42.39%
The dividend yield will be calculated on the basis of the dividend per share divided by the market price per share and this will be calculated on the basis of the percentage.
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Answer: $1392
Explanation:
The depreciation rate under straight line is =1/5=0.2
The depreciation rate under double declining is = 0.2 × 2 = 0.4
Depreciation expense for the first year = 0.4 × $5800 = $2320.
At the beginning of year two, net book value = $5800 - $2320 = $3480
Depreciation expense for year two = 0.4 × $3480 = $1392
