Formula for CI = p (1+r/100)t
Substituting the given
values, we get
Cl = 500 ( 1 + 7 / 100) 8
<span>Cl = 859 .09</span>
<span>The answer is 859.09</span>
Answer: b. selling VIX calls
Explanation:
The client could make some money selling VIX calls. Call options give the holder the right to buy an underlying asset at a set price in future and they will do so if the market price of the underlying asset increases past the call price of the asset (exercise price).
If the client expects that market conditions will be stable then an increase in stock price is not expected. They can sell calls and make money from the premium they will charge for the calls knowing that they would not have to sell any stock to the holder as the value will not appreciate.
Answer:
Dr unearned rent $25,019
Cr rental income $25,019
Explanation:
The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.
As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:
earned rent for 7 months=$42,890*7/12=$25,019
The earned rental income would be debited to unearned rent and credit to rental income
Answer:
$91.125 million
Explanation:
Data provided in the question:
The Recent stock price of Company ABC = $11.25
Number of shares of common stock outstanding = 8.1 million
Now,
The market capitalization of Company ABC
= stock price × Number of shares of common stock outstanding
or
The market capitalization of Company ABC = $11.25 × 8.1 million
or
The market capitalization of Company ABC = $91.125 million
Answer:
option D
Explanation:
given,
estimate medical cost are expected = $7,500
The retiree is expected to pay 30% of the cost.
Medicare is expected to pay 50% of the cost.
company estimated net cost benefits = ?
retiree expected pay = 30 % of $7,500
= 0.3 x $7,500
= $2,250
Medicare expected pay = 50% of $7,500
= 0.5 x $7,500
= $3,750
company's net cost benefits = $7,500 - ($2,250+$3,750)
= $7,500 - $6000
= $1,500
hence, the correct answer is option D
