Answer: b. Dow Jones Industrial Average
Explanation: The Dow Jones Industrial Average index futures has a multiplier of $10 times the index value which is used to calculate contract settlements and helps determine the dollar value of each point of price movement. For example, Dow multiplier is 10, meaning each Dow point is worth $10 per contract.
Answer:
See explanation section
Explanation:
December 31 Interest receivable Debit $4,000
Interest revenue Credit $4,000
Calculation: $600,000 × 8% × (1 ÷ 12) = $48,000 × (1 ÷ 12) = $4,000. Therefore, the monthly interest revenue = $4,000.
<em>As Starr corporation provided a loan on December 1, they received interest revenue for 3 months. However, as the fiscal year closes on December 31, the interest revenue is owed for one month only. </em>
They use Shekel as monetary commodity
shekel is also the present currency of Israel. In the ancient times the weight of a shekel may be converted to several pounds of Barley
Answer:
Strategic
Explanation:
If Ming is a manager for a large company and has the authority to determine whether or not the company should expand into new regions and/or expand the company's product line, Then the level of management that Ming represents is Strategic Management
Strategic management involves setting objectives, <u>analyzing the competitive environment</u>, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.
Business expansion decisions are taken by the highest level of management based on their analysis of the competitive environment
Answer: C. interest payments on the debt stay fixed, leaving more income to be distributed over less shares.
Explanation:
When the Earnings Before Interest and Taxes (EBIT) is higher, it means that after the interest payment (which is a fixed amount) has been deducted, there will be more income going to shareholders.
It is important to note that when there is leverage, there will be less shares than in the case of no leverage because no leverage would require more shares for adequate financing. Leverage does not require as much shares so the income left after interest payment deductions will therefore go to less shares.