Answer:
I pay for my expenses using either my debit card or cash that I withdraw from the ATM. It is very rare that I write a check to pay for my purchases. If there is an emergency situation, I withdraw money from one of my certificates of deposit.
I want to be a physicist, and I plan to earn a graduate degree in physics from Harvard University. I don’t have enough money saved up to pay for my tuition, even though I have two certificates of deposit accounts and one savings account. This means that I will probably have to take a student loan from my bank. However, I do have sufficient money in my checking account to pay for my daily expenses.
A bounced check is a check that a person has written but cannot pay for due to insufficient funds. For example, a person might send a check for a credit card bill but the person’s bank account may not have sufficient balance to pay this amount. To avoid check bouncing, I’ll always try and remember a rough figure of the money in my account. Additionally, wherever possible, I will pay my bill either in cash or by debit card.
Explanation:
PLATO sample answer
Answer:
The Net Cash Flow is $9,300,000.
Explanation:
A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:
Ruston Company
Statement of Cash Flows
For the Year 2020
<u>Details $'000 </u>
Net Income 9,100
Adjustments from Operating Activities <u> 1,100 </u>
Net Cash Flow from Operating Activities 10,200
Net Cash Flow from Investing Activities (4,300)
Net Cash Flow from Financing Activities of <u> 3,400 </u>
Net Cash Flow <u> 9,300 </u>
Since the amount is in thousands, that implies that the Net Cash Flow is $9,300,000.
Answer:
E) Trading company
Explanation:
In international trade, trading companies are basically wholesalers that work at an international level. They usually purchase products from different businesses and then resell them to local retail businesses or sometimes final consumers (less common). Trading companies generally enter a exclusive distribution agreement with the manufacturer per region or country that they operate in.
Answer:
HPR = holding period Return is 20%
Explanation:
- Given original Investment = $100
- Short sale proceeds for 1 share = $100
- Investment made of $100 + short sale proceeds of $100 at 5% YTM.
- So Maturity Value = Investment x (1+YTM)^number of years
- = 200 x (1 + 0.05)^1 = 210
- Therefore, In order to cover Short sale of 1 share, we will have to buy 1 share at a closing value of $90
- As such, holding period Return = (Investment proceeds from ZCB - Buying price of stock - Investment amount) / Investment Amount
- = (210 - 90 - 100) / 100 = 0.2 or 20%
- Hence, HPR = holding period Return is 20%