Answer and Explanation:
- Closing Balance (Retained earning ) of 31 Dec 2018 is called Opening Balance of 1 Jan 2019 , i.e. $42,100
- There is no particular information provide for 1 Jan 2018 .So, assume there is Zero balance of retained Earning
- Calculation of retained earning of 31 Dec 2017
Retained earning $42,100
Less: revenue during the year $19,400
Add: Expenses During the year $9,800
<u>Add : Dividend $500 </u>
Retained earning on 31 Dec 2017 $33,000
- Retained earning is a temporary account So, $33,000 is balance of Retained earning At 30 June 2018.
Answer:
B) $3,000
Explanation:
Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.
Those who try to benefit from a carry trade are hoping to borrow money at a low interest rate so that they can invest in something that will provide a higher return. People commonly do this between different foreign exchange markets to make the most on their return from investing in different country currencies.
Answer:
$1059.98
Explanation:
To determine the clean price, we have to first find the accrued interest.
Accrued interest = (coupon rate × par value/2) × period (months to next coupon date/12)
accrued interest = $96/2 x 5/12
accrued interest = $48 × 0.417
= $20.016
Our dirty price = $1080
clean price = dirty price - accrued interest
clean price = $ (1080 - 20.016)
Clean price = $1059.98
