Answer:
Bank of Quebec
1. The overnight rate is 0.25%
2. The bank rate is 0.75%
3. If the Bank of Canada increases its overnight rate target, the other short-term interest rates:
B. They would become irrelevant.
Explanation:
a) Data and Calculations;
Bank of Canada (BOC) rate = 0.75%
Other banks' rate = 0.25%
b) The overnight rate is the interest rate at which a Canadian depository bank lends or borrows funds with other depository institutions in the Canadian overnight market. The central bank rate is the interest rate that the Bank of Canada charges other Canadian banks to borrow funds from it.
Answer:
Price of share = $10.96
Explanation:
next year dividends would be .9*(!+0.035) = 0.9315
Price of share = div1/(r-g)
= 0.9315/(.12-0.035)
= $10.96
Answer:
$ 61,000
Explanation:
Calculation for the amount that Firm ABC should report as retained earnings as of March 1, 2021
Retained earnings Balance $ 85,000
Less: Shares issued ($9,000)
(1500 *$6 per share)
Less: Net Loss ($15,000)
Ending Balance $61,000
Therefore the amount that Firm ABC should report as retained earnings as of March 1, 2021 will be $61,000
Answer:
Klear Manufacturing
At the inception of the sale and leaseback, Klear should debit cash and credit
c. lease liability.
Explanation:
a) Data and Calculations:
Debit Cash $1.4 million Lease Liability $1.4 million
Debit ROU asset $1.4 million Credit Plant $1.2 million Credit Gain from Sale $0.2 million
b) The sale and leaseback creates a right of use asset as well as a lease liability. Therefore, the Cash account is debited for the cash receipts from the transaction and the Lease Liability is credited. Also debited is the right of use asset with corresponding credits to the Asset account and Gain from Sale.
A random variable x is a numerical outcome of a probability experiment. There is a numerical value which is determined by chance for each outcome in the procedure or experiment. Therefore, a random variable is used for describing outcomes using numerical values.
x = time in minutes