Explanation:
May 7
Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount
May 13
Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000
Journal entries
DATE Particulars Amount
May 7th Account receivable (+A) Dr. $4,000
to Sales revenue (+Equity) $4,000
( To record the credit sales)
May 13th Cash (+A) Dr. $4,000
to Accounts receivable(-A) $4,000
(To record the receipt of cash)
Answer:
Short 1.5 shares
Explanation:
Given data :
Risk free rate = 3%
current price ( market price ) = $25
Delta of 1-year at money European call on MCD = 0.5
<u>Determine how many shares of MCD John should either Long or short to achieve a delta-neutral </u>
use the relation below
4 * 0.5 + 1 ( 0.5 - 1 ) + x = 0
x ( number of shares ) = - [ 4 * 0.5 + 1 ( 0.5 - 1 ) ]
= - 1.5 shares
negative ( - ) means MCD should short 1.5 shares
The computation shows that the amount that will be made will be $420.
<h3>How to compute the value?</h3>
From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.
It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.
The amount made will be:
= 700 × 4 × 0.15
= 700 × 0.6
= $420
Learn more about computations on:
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Answer:
Option (A) is correct.
Explanation:
Cash flow from Operating Activities:
= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)
= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)
= $45,000 + $1,000 + $2,000
= $48,000
Therefore, Bird Brain's cash flows from operating activities would be $48,000.
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