Answer:
My percentage profit is 15%
Explanation:
Total investment = $20 × 1000 = $20,000
Rise in value of investment = $23 × 1000 = $23,000
Profit = $23,000 - $20,000 = $3,000
Percentage profit = profit/total investment × 100 = $3,000/$20,000 × 100 = 15%
Answer: d. must stop payment if the bank has a reasonable time to act.
Explanation:
Dios as a bank holds money for it's customers which means that the money is still under the ownership of the customer in question to do as they see fit.
If the customer therefore instructs them to act in a certain way with that money, they will do so provided that it is legal of course.
Bok asks Dios to stop a payment related to his own money and so they must do so if they have enough/reasonable time to do so because as their customer, he is there first priority especially in relation to his own money.
Answer:
$10 profit
Explanation:
In this question, we are asked to calculate the profit or loss to a short position.
Firstly, we identify that the spot price of market index is $900.
Now, a three months forward contract equals a value of $930.
Raising the index to $920 at the expiry date is obviously a profit to the short position.
To calculate the profit here, we simply subtract the index at expiry date from the three months forward contract.
Mathematically, this is equal to $930-$920 = $10 profit
Answer:
$5.2
Explanation:
Weighted average Contribution margin = (Selling Price per unit - Variable Cost per unit) of the 3 umbrella / Number of Unit
Weighted average Contribution margin = [($20-$9)*2 + ($17-$12)*3 + ($9-$6)*5 ] / (2+3+5)
Weighted average Contribution margin = [$22 + $15 + $15] / 10
Weighted average Contribution margin = $52 / 10
Weighted average Contribution margin = $5.2
So, the weighted average contribution margin per unit for Tonto is $5.2
Answer and Explanation:
The Preparation of company's cash budget is shown below:-
Beginning cash balance $21,000
Add: Cash receipt $100,000
Total cash available $121,000
Less: Cash disbursement $99,000
Excess of cash available
over disbursement $22,000
Add: Borrowings $33,000
Cash balance, ending $55,000