Usually, you have to wait 6 months to get your license after you get a permit; if you get your permit in December you can get your license in June.
Answer:
- The entry made by Allenson Brick Company on January 1 to record the proceeds and issuance of the note is
b. Cash 200,000
Notes Payable 200,000
Explanation:
At the moment the company receive the money it must reflect the movement with an entry to the balance sheets, which is , a debit entry to the Cash accounts by the amount received and a credit entry to Note Payable accounts reflecting the liabilities that the company will have from now.
The interest expenses are recorded at the moment of the interest are paid which is in 9 months from now.
Sure.
Anyways, have a great day (:
Answer:
Short of 48 contracts.
Explanation:
What trade is necessary to reduce beta to 0.9?
Number of contract to be shortened = (0.9 - 1.2) * 36,000,000 / (900*$250)
= -0.3*36,000,000 / 225,000
= -10,800,000 / 225,000
= -48
As it is of negative value, it should be short of 48 contracts.
