Answer:
The one-day rate of return on the index is 3.43%
Explanation:
Given that the shares were priced at;
$30 for 710,000 shares
$38 for 610,000 shares
$90 for 310,000 shares
Changes in prices of shares
$34-$30=4
$36-$38= -2
$92-$90=2
Return=change in price of shares/initial price of shares *100
The return will be;
4/30*100 =13.33
-2/38*100= -5.26
2/90*100 = 2.22
Total = 13.33+2.22 - 5.26 =10.29
10.29/3 =3.43
Answer:Ordinary Business income loss =-$20,500.
Explanation:
Ordinary business Expenses are the expenses generally accepted according to the industry standards associated with running of a business.
Here, the ordinary business expenses for Zoom include
cost of good sold= $19,-000
employee wages= $17,000
rent expense = $11,500 and therefore will be deducted from its sales revenue.
charitable contributions and qualified dividends, do not cut across all industries and so are not classified under Ordinary Buisness expences.
Ordinary Business income loss = Sales revenue - cost of good sold, -employee wages- rent expense.
$27,000- $19,000-$`17,000-$11,500= -$20,500. to be reported on its X4 return
Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal.
Answer:
Dr Available for sale securities 11,500
Cr Unrealized gains - AFS securities 11,500
Explanation:
The securities cost is $420,000 while the fair market value is $431,500, so the difference is an unrealized gain of = $431,500 - $420,000 = $11,500.
Unrealized gains are included in Other comprehensive income account, which belongs under stockholder equity. When unrealized gains increase, then they should be credited.
Since the securities are held as investment assets, they should also increase by debiting the account.
Checks and debit cards withdraw money directly from a bank account.
