Answer:
a. Short futures
b. $37,500
Explanation:
Since the price of the future coffee would be lower than the future prices so it would reflect the short futures, not the long futures
And, the impact would be
= Number of coffee pounds × number of contract position × coffee price per pound in cents
= 37,500 pounds × 10 × 0.10
= $3,7500
We simply multiply the coffee pounds, contract position and per pounds in cents so that the accurate value can come.
Answer:
$8,318,333
Explanation:
The computation of the weighted average accumulated expenditure is shown below:
Date Amount Capitalization period Weighted Average Accumulated Expenditures
Mar 1 $6,300,000 10 months $5,250,000 ($6,300,000 × 10 months ÷ 12 months)
Jun 1 $5,260,000 7 months $3,068,333.33 ($5,260,000 × 7 months ÷ 12 months)
Dec 31 $8,450,000 0 months $0
Total $8,318,333
We simply multiplied the amount with the capitalization period so that the weighted average accumulated expenditure could come
Answer:
D. $(254100)
Explanation:
CASH FLOW FROM FINANCING ACTIVITIES:
<em>Cash Receipts From:</em>
1. Issuance of Stock $302,500
<em>Cash Paid For:</em>
4. Dividend $(24,200)
10. Repayment of Loan $(532,400)
Net Cash Flow from Financing Activities $(254,100)
2. It is Operational Activity.
3. It is Investing Activity.
5. It is Investing Activity.
6. It is Operational Activity.
7. It is Operational Activity.
8. It is Investing Activity.
9. It is Investing Activity.
Answer: B. $1,050 more than expected.
Explanation:
The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.
Estimated revenue was;
= 30 * 30 * 3
= $2,700
However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.
Number of customers = 30 + 20
= 50 customers
Actual revenue
= 50 * 30 * 2.5
= $3,750
Difference is;
= 3,750 - 2,700
= $1,050 more
