Answer:
50%
Explanation:
capital gain is the difference between the selling price and the buying price
Purchase price = 2,000 x 22 =$44,000
Selling price =2,000 x 33 =$66,000
capital gain = $22,000
Gain as a percentage
= $22,000/44,000 x 100
=0.5 x 100
=50%
Answer:
Explanation:
The preparation of the bank reconciliation for Hintz Company for July 31, 2022 is shown below:
Bank statement balance $3,506
Add: Deposits in transit $1,670
Less: Outstanding checks ($1,285)
Adjusted bank balance $3,891
Cash account balance $3,930
Less - supplies error ($9) ($98 - $89)
Less - bank service charge ($30)
Adjusted cash balance $3,891
Answer:
$24,530, $23,530
Explanation:
Incomplete word <em>"and if the spot price in September proves to be $2,300."</em>
<em />
Note that Call options will be exercised only if the price on expiry is greater than strike price
Strike price = $2400
Premium paid = $53 for each contract, so the total premium paid = $530 for 10 contracts
<u>CASE 1</u>
Price = $2600
As price on expiry=2600 > Strike price=2400
Call option will be exercised.
Company will pay = $2400 * 10+530 = $24,530
<u>CASE 2</u>
Price = $2300
As price on expiry=2300 < Strike price=2400
Call option will not be exercised and will purchase from open market
Company will pay = $2300 * 10+530 = $23,530
The answer is believability.
Answer:
C. $2
Explanation:
The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:
3,750-3500= 250
With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:
250 units ⇒ $500
1 unit ⇒ x
x=( 1*500)/250= 2
The firm's short-run marginal cost is $2.