Answer: $8.50
Explanation:
Price Outstanding Value
Total Shares 15 150,000.00 $2,250,000.00
Right Price 2 150,000.00 $300,000.00
Total Shares and Value 300,000.00 $2,550,000.00
Ex rights Price = $2,550,000/300,000 = $8.5
Answer:
Kim's total profits on the three stocks at the end of the first day of trading is $2157.80
Explanation:
The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has been made.
The purchase price of IPOs =(750+370+260)*$24
=$33,120.00
Closing day valuation=($23.15*750+$27.43*370+$29.87*260)
=$35,277.8
0
The total profit on the day's transactions=$35,277.8
0-$33,120.00
=$2157.8
The total profits on the three stocks on first day is $2157.8
0
Answer: Both of them
Explanation:
The Monte Carlo Simulation is a forecasting technique that allows one to find out the probability of occurence of different outcomes which may be difficult to come up with because there are multiple random variables involved.
Monte Carlo simulations are used in many diverse fields such as Finance, Engineering and Science.
As earlier mentioned, this simulation allows for multiple random variables so Phillips can use it to model both the variables to have different characteristics.
Answer:
The amount of cost of goods sold for the month is $127,321.60.
Explanation:
The Weighted Average Cost Method uses a Unit Cost calculated on the Average to value the Cost of Goods Sold and Ending Inventory.
Since the<em> Periodic Inventory System</em> is being used, the Unit Cost will be calculated on Goods Available for Sale.
Average Unit Cost = Total Cost of Goods Available for Sale ÷ Units Available for Sale.
Total Cost of Goods Available for Sale = 7,300 × $9.00 + 3,100 × $10.00 + 12,200 × $10.50 = $224,800
Units Available for Sale = 7,300 + 3,100 + 12,200 = 22,600
Therefore,
Average Unit Cost = $224,800 ÷ 22,600 = $9.947
Cost of Goods Sold = Units Sold × Units Available for Sale
= 12,800 × $9.947
= $127,321.60
Three essential <span>principles of test construction are:
1. consistency. It refers to the consistency </span><span>between the goal of the subject, course, and the methods of teaching goals. Also consistency between the methods and what the test measures. </span><span>
2. validity. Validity refers to t</span>he ability of a test to measure what it was designed to measure. It can be material od skill.
3. reliability. The <span>test must be constructed in such a way that it will produce reliable, consistent results .</span>