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Snowcat [4.5K]
3 years ago
5

As a result of Luis putting a "stop payment" on a check that he wrote, Luis will

Business
1 answer:
vodka [1.7K]3 years ago
7 0

Answer:c

Explanation:

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) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
Anit [1.1K]

Answer:

73.9%-100%

Explanation:

Calculation to determine If you exercise the call today, what will be your holding period return

First step is to find the Gross profit

Using this formula

Gross profit=Strike price- Stock Trading amount

Let plug in the formula

Gross profit =$51 - 45

Gross profit= $6

Second step is to find the Net profit

Using this formula

Net profit=Gross profit-Call option

Let plug in the formula

Net profit= $6 - 3.45

Net profit= $2.55

The last step is to find the Holding period return

Using this formula

Holding period return =Net profit/Call option

Let plug in the formula

Holding period return=$2.55/$3.45

Holding period return= 0.739*100

Holding period return =73.9%

Therefore what will be your holding-period return is 73.9%

6 0
2 years ago
Problem 1: G. Rifkin is considering investing some or all of a $60,000 inheritance. He looks at a one year cirtificate of deposi
Slav-nsk [51]

Answer:

Explanation:

Using excel solver

model: min(total investment)

constraints:

total investment<= 60,000

potential return>= 4000

portfolio guaranteed return = 2000

CHECK THE IMAGES BELOW

) Req investments in CD and VC are provided in above table

b) For personal use he can keep = 60000-47619.05 = 12380.9

Problem 1-1: Forming new model in solver as per new conditions:

<h2>Check the excel document attached</h2>

3 0
3 years ago
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year,
Bogdan [553]

Answer:

1. Allowance for uncollectible accounts A/c Dr $15,000

             To Account receivable A/c $15,000

(Being write off amount is recorded)

2. $1,000 debit

Explanation:

1. The journal entry is shown below:

Allowance for uncollectible accounts A/c Dr $15,000

             To Account receivable A/c $15,000

(Being write off amount is recorded)

2. And, the balance of Allowance for Uncollectible Accounts would be

= Beginning balance of estimated uncollectible accounts - written off balance

= $14,000 - $15,000

= $1,000 debit

5 0
3 years ago
During 2018, P Company discovered that the ending inventories reported on its financial statements were incorrect by the followi
const2013 [10]

Answer:

D. $30,000 overstated

Explanation:

Understatement of ending Inventory overstate the value of cost of Goods sold and understate the value of Net income and retained earning as well.

Overstatement of ending Inventory understate the value of cost of Goods sold and overstate the value of Net income and retained earning as well.

In 2016 the net income and retained earning was understated by $120,000.

In 2017 the net income and retained earning was overstated by $150,000.

Net Effect of both event in Retained earning at January 1, 2018

$150,000 overstated - $120,000 understated = $30,000 overstated

4 0
3 years ago
Universal Travel Inc borrowed $500,000 on November 1, 2018 and signed a twelve month note bearing interest at 6% Principal and i
horrorfan [7]

Answer:

Interest will be $5000

So option (A) will be correct option

Explanation:

We have given principal amount P = $500000

Rate of interest = 6 %

Time is November 1 to December 31

So time = 2 months = 0.1666 year

Interest is given by

Interest =\frac{principal\ amount\times rate\times time}{100}=\frac{500000\times 6\times 0.1666}{100}=$5000

So option (a) will be correct option

4 0
2 years ago
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