The answers below correctly describe the cash over and short account as a debit balance reflecting an expense.
The debit stability in a margin account is the entire sum of money owed by the consumer to a broker or other lender for budget borrowed to purchase securities. a sum of money in a bank account, etc. that's much less than zero due to the fact more money becomes taken out of it than the total amount that becomes paid into it: clients should remember to transfer the debit stability to a credit card with a special charge for debt transfers.
assets and prices have herbal debit balances. which means nice values for assets and expenses are debited and bad balances are credited. subsequently, the current account has debit stability that must be shown on the asset aspect of the stability Sheet.
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Here are my workings:
The answer would be= 1250/11 OR 113.6363636
I hope it helped you!
Reserves equal deposits with the Fed plus vault cash
Option D
<u>Explanation:
</u>
"Vault currency" simply is the cash a bank holds in buildings (most of which are normally kept in its caves) to satisfy everyday cash needs.
Foreign governments, the Bank, and perhaps most commercial banks in the USA are the primary providers of Federal Reservation Deposits. Federal Reserve Deposits may not be held by private citizens and businesses.
All FRD and FRN notices are reported as FRD liabilities. FRD liabilities, What the Fed have traded for (gold and mostly t-billion) these investments and notes are reported as the Fed's reserves.
Answer:
The price of put option is $2.51
Explanation:
The relation between the European Put option and Call option is called the Put-Call parity. Put-Call parity will be employed to solve the question
According to Put-Call parity, P = c - Sо + Ke^(-n) + D. Where P=Put Option price, C=Value of one European call option share. Sо = Underlying stock price, D=Dividend, r=risk free rate, t = maturity period
Value of one European call option share = $2
Underlying stock price = $29
Dividend = $0.50
Risk free rate = 10%
Maturity period = 6 month & 2 month, 5 month when expecting dividend
P = c - Sо + Ke^(-n) + D
P = $2 - $29 + [$30 * e^[-0.10*(6/12)] + [$0.50*e^(-0.10*(2/12) + $0.50*e^(-0.10*(5/12)]
P = $2 - $29+($30*0.951229) + ($0.50*0.983471 + $0.50*0.959189)
P = -$27 + $28.5369 + $0.4917 + $0.4796
P = $2.5082
P = $2.51
Therefore, the price of put option is $2.51
Answer:
$11,400
Explanation:
Cost of factory equipment
$174,000
Less:
Salvage value
($22,000)
Balance
$152,000
Useful life 10 years
= $152,000 / 10
= $15,200
Machinery used for 9 months. I.e (1 April to 31 December)
= 9/12 × $15,200
= $11,400
Therefore, the amount to be recorded as depreciation expense at 31 December 2018 is $11,400
