Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
<u>First, we need to calculate the nominal value required at the end of the third month:</u>
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
<u>Now, the monthly investment to reach $7,890.6:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
Answer:
A.
Dr Cash 266,178
Cr Sales Revenue 243,741
Cr Unearned Warranty Revenue 22,437
b)Current Liabilities:Unearned Warranty Revenue 90,579
Long-term liabilities:Unearned Warranty Revenue 181,158
Explanation:
Teal Company
A.
Dr Cash (814*327) 266,178
Cr Sales Revenue 243,741
Cr Unearned Warranty Revenue (277*81) 22,437
b)Current Liabilities:Unearned Warranty Revenue 90,579
(327×277)
Long-term liabilities:Unearned Warranty Revenue 181,158
(90,579×2)
Answer:
c. News has no effect on stock prices.
Explanation:
A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country. For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis which states that, asset (share) prices reflect all information and it is very much impossible to consistently beat the market. Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
According to the efficient market hypothesis, News has an effect on
the prices at which a stock is sold because it affects demand and supply.