Answer:
Kim's total profits on the three stocks at the end of the first day of trading is $2157.80
Explanation:
The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has been made.
The purchase price of IPOs =(750+370+260)*$24
=$33,120.00
Closing day valuation=($23.15*750+$27.43*370+$29.87*260)
=$35,277.8
0
The total profit on the day's transactions=$35,277.8
0-$33,120.00
=$2157.8
The total profits on the three stocks on first day is $2157.8
0
Answer:
The correct answer is option c.
Explanation:
Tougher licensing tests and costly sterilization will increase the cost of production for the piercing studios. The studios will be able to supply a lesser quantity of piercings at the same cost. This will cause the supply curve of piercings to move to the left.
This leftward shift in the supply curve would cause the equilibrium price of piercings to increase and the equilibrium quantity to decrease.
Answer:
$43,294.77
Explanation:
Here is the full question used in answering this quetion :
You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today if the market interest rate is 5%?
Present value is the sum of discounted cash flows
PV can be calculated with a financial calculator
Cash flow in year 1 - 5 = $10,000
i = 5%
PV = $43,294.77
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Explanation:
Job 11-101=$3,880
Job 11-102= $2,630
Job 11-103= $2,080
Job 11-104= $3,190
Job 11-105= $2,080
Total 13,860
Direct labor rate = $18
Predetermined overhead rate = $22
Direct labor hour = 13,860/18 = 770 hours
Applied factory overhead rate = 770 *22 = $16,940
Factory labor cost
Dr Cr
Work in progress 13,860
Factory Overhead 18,000
Wages payable 31,860
Factory Overhead
Work in progress 16,940
Factory overhead 16,940
<span>Dogwood cost = $15000
Red Maple cost = $30000
First, write an expression expressing what you know.
x = percent of inventory that's dogwood trees
(1-x) = percent of inventory that's red maple trees
So the expression looks like
0.26x + 0.17(1-x) = 0.20
Solve for x. Distribute the 0.17
0.26x + 0.17 - 0.17x = 0.20
Merge the x terms
0.09x + 0.17 = 0.20
Subtract 0.17 from both sides
0.09x = 0.20 - 0.17 = 0.03
Divide by 0.09 on both sides
x = 1/3
So one third of the inventory cost is dogwoods and two thirds is red maples. So
Dogwood cost = 45000 * 1/3 = $15000
Red Maple cost = 45000 * 2/3 = $30000</span>