Answer:
C.
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
The journal entry on declaration of dividend would lead to a debit to retained earnings and credit to dividends payable.
No journal entry is passed on the date of recording dividend.
Later, on the date of payment of dividend would lead to a debit to dividends payable and credit to cash account.
The journal entries have been shown below:
Answer:
personnel management.
Explanation:
Training new personnel who just started working at the office fits under personnel management.
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
Answer:
a) The correlation coeffcient is given by:
And replacing we got:
b) For this case we can conclude that we have a strong, negative linear association between the two stock prices.
Explanation:
Part a
For this case we have the following info:
represent the sample deviation for the variable X
represent the sample deviation for the variable Y
represent the covariance between the variables X and Y
The correlation coeffcient is given by:
And replacing we got:
Part b
Describe the relationship between prices of these two stocks.
For this case we can conclude that we have a strong, negative linear association between the two stock prices.
Answer:
c. 6%.
Explanation:
Nominal interest rate = Real interest rate + Expected rate of inflation
Real interest rate = Nominal interest rate - Expected rate of inflation
United Kingdom
Real interest rate = 8% - 6% = 2%
Use Real Interest rate globally
Nominal interest rate = Real interest rate + Expected rate of inflation
Nominal interest rate = 2% + 4% = 6%
Answer:
Wenjing
The par value that would result in the return the bond broker promises is:
= $1,333.
Explanation:
a) Data and Calculations:
Bond amount paid = $2,000
Quarterly coupon payments = $40
Remaining coupon payments = 12
Bond maturity period = 3 years (12/4)
Promised returns per quarter = 3%
Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)
Check: 3% of $1,333 = $40
This implies that the bond's annual interest rate = 12% (3% * 4)
