Answer:
total cash collections in June = $101050
so correct option is A. $101,050
Explanation:
given data
month cash sales credit sale
march $19,000 $11,000
April $40,000 $11,000
May $43,000 $35,000
June $59,000 $50,000
to find out
total cash collections in June at Feeney Furniture
solution
we find here total cash collections in June that is express as
total cash collections in June = cash sale in June + ( credit sale in June × 62% ) + ( credit sale in May × 30%) + ( credit sale in April × 5%) .............1
put here value we get
total cash collections in June = $59000 + ( $50000 × 62% ) + ( $35000 × 30%) + ( $11000 × 5%)
total cash collections in June = $101050
so correct option is A. $101,050
Answer:
Life insurance.
Explanation:
Life insurance is defined as a contract that is raised between an individual and an insurance company that guarantees the payment of a particular amount tonthe individual's beneficiary in the case of death. The insurance policy requires premium to be paid on agreed intervals.
Stan and Heidi are both having caterers in business, and death of one of them will lead to decreased income.
To guard against this the couple can purchase a life insurance that will pay beneficiary a guaranteed sum in case of death of one of the partners.
This will ensure there is no sudden drop in their income.
Answer:
C, none of the choices
Explanation:
from the qeustion, it can be seen that Uri was offered a test ride of the car but he clearly refused. For him to have bought that car without a test drive and later realise the car has a faulty suspenion, he cannot rescind the contract on any of the bases because if he had agreed to the test drive, he would have found out about the faukty suspension and woudn't have bought that car.
It is clearly Uri's fault that he ended up with a car that has a faulty susppension. this isn't a case of fraud or mistake on the part of Stan, neither did Stan unduely influence him to buy the car according to the question.
Cheers.
Answer:
A. The parameters p and u are the same for both trees
Explanation:
Calculation of parameters of u(upper limit) and p(lower limit) for both index and stock:
1) INDEX
Current Value: 100
Volatality : 25%
Value can increase upto 100+25% = 125
Value can decrease to 100-25% = 75
U = Value after increase/current value = 125/100 = 1.25
P = Value after decrease/ current value = 75/100 = 0.75
2) STOCK
Current Value: 100
Volatality : 25%
Value can increase upto 100+25% = 125
Value can decrease to 100-25% = 75
U = Value after increase/current value = 125/100 = 1.25
P = Value after decrease/ current value = 75/100 = 0.75
---> The parameters U and P for both index and stock are same. This is because both the index and stock has same value and same volality rate. Therefore, stock move according to the index.
if index changes by certain percentage the stock also changes. Here in this case, volatality rate is same for both index and stock. Hence Parameters U and P are same for Index and Stock.
