A. Rent for a warehouse
Hope this helped. Good luck!
Answer: -0.93%
Explanation:
In 3 months time Chrysler will have to pay a yield of 6.93% when in fact 3 months from now, had they not bought the futures, they would have to pay 6%.
This means that they will have overpayed with the futures contract.
The amount in interest they overpayed by can simply be calculated as,
= Floating Rate 3 months from.now - Effective yield on Futures contract
= 6% - 6.93%
= -0.93%
Chrysler made a loss of (0.93% )
Answer: $110,432
Explanation:
The cost allocated to the Office furniture is the percentage of total appraised cost * the price paid for the basket purchase because it shows what proportion of the Basket Purchase should be ascribed to the Office furniture.
Total Appraised value = 140,000 + 460,000 + 110,000
= $710,000
Office furniture Proportion = 140,000/710,000
= 0.1971830985
=0.1972
Amount to be allocated to Office furniture = 0.1972 * 560,000
= $110,432
$110,432 should be allocated to the office furniture.
= $110,422.
Answer:
Adjusted bank and book balance is $25,960 and $25,960 respectively
Explanation:
Bank statement balance Book balance
Opening balance 26,960 26,620
Add: <em>Deposit in transit Interest earned </em>
3,000 150
Less: <em>Outstanding check</em> <em>Error on check </em>
4,000 (4,900 -4,090) = 810
Adjusted Balance $25,960 $25,960
Lupe entered her paycheck in the wrong column. She also forgot to record one of her purchases.
