Answer:
The correct answer to the following question is option C) compare the daily cash receipts totals with the bank deposits.
Explanation:
When cash receipts are received by a company, it is often deposited in bank on the bank the same day they are received or they should be deposited the following business day. If a auditor or a manger or owner wants to make sure that the cash is promptly deposited everyday, then one way in which he or she can make sure that this is happening promptly is by comparing the daily cash deposits with the bank deposits or bank statements, through this procedures a person comparing them would come to know of any discrepancy in cash deposit, if it exist.
Answer and Explanation:
a. The estimation of the contribution margin for each segment is shown below:
(in millions)
<u>Particulars Investor Advisor Services Services </u>
Income from
operations $1,681 $1,660
Add:
Depreciation $171 $154
Contribution
Margin $1,852 $1,814
2. Now the estimation of decline in operating income is
(in millions)
<u>Particulars Combined services Institutional Services </u>
Revenues $9,368 $4,771
Less:
Variable cost $5,702 $2,919
($2,919 + $2,783)
Contribution
margin $3,666 $1,852
Less:
Fixed cost -$325 -$171
Net income $3,341 $1,681
So according to the above calculations, the net operating income is declined by
= $3,341 - $1,681
= $1,660 million
The variable cost is come from
= Service revenues - income from operations - depreciation expense
Answer:
72
Explanation:
Add all the expenses together ( $2.00 + $1.50 + 0.50 +1,000 = 1004) divide 1004 by $14 to get 72
Answer:
The future price of Silver is $26.14
Explanation:
First we compute Total storage costs(Tsc) in the future given by the equation:
T<em>sc</em> = (S<em>c</em>/4) * [ 1 + exp(-rT<em>1</em>) + exp(-rT<em>2</em>) ]
where Sc is the storage cost today
where r is the rate
S<em>c</em> = $0.24
T<em>1</em> = 3/12
T<em>2</em> = 6/12
r = 5%=5/100
= 0.05
Tsc = (0.24/4) [ 1 + exp(0.05*3/12) + exp(0.05*6/12) ]
Tsc = 0.06 [ 1 + exp(-0.05×0.25) + exp(-0.05×0.5) ]
Tsc = 0.178
The future price( Fv) is given by:
Fv = (Sp+ Tsc) *exp(rt)
where Sp is the spot price of silver
where r is the interest rate
where t is the delivery time ratio (9 months compared to 12 months)
Sp = $25
r = 5%
= 5/100=0.05
t = 9/12
=0.75
Fv = (25. 000+0. 178) * e
xp(0. 05×0 .75
)
Fv = $26. 14
Answer:
$15000
Explanation:
Given that:
The special order also would require 1,500 kilograms of tatooine
mass of tatooine usually at hand = 2,000 kilograms
Alderon recently received an offer of $14,000 from Solo Industries for its entire supply of tatooine.
i.e Opportunity Cost of accepting the offer from solo industries= $14,000
Disposal cost = $1000
From these information, we can determine the real cost of tatooine to be used in the special order = opportunity cost of accepting the offer from solo industries in addition with the cost to transport away and dispose off the extra 500 kilograms of tatooine.
∴
the real cost of tatooine to be used in the special order = $14,000 + $1000
= $15000