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3 years ago

There may be a maximum balance requirement for a savings account. True False

Business

1 answer:

luda_lava [24]3 years ago

4 0

Answer:

true

Explanation:

For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don't let your balance fall to $99.99 or less.

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You anticipate your firm will need 20,000 bushels of oats in December so you hedged your position today at the closing price whe

guapka [62]

Answer:

The answer is "2,040".

Explanation:

Since in the event the company needs the oats, it should take a long position today to hedge them. As indicated throughout the question, the price of the halftime show was set, and the present settling price of 218.50 cents was $2,1850. Moreover, the industry wants 20,000 boxes with oats and the next claim is 5,000, and that is why 4 agreements (20000/5 000) occupy a longer time. So the actual market price of $228.70, i.e. $22870, is 228.70 so hedging would have the corresponding profit/loss:

$Gain/Loss = \text{(Market price on the date of settlement - Futures price at the date of booking)} \times Quantity\ hedged$

$= (2.2870- 2.1850)\times 20000 \\\\ = 0.102 \times 20000 \\\\ = 2040$

8 0

3 years ago

Assume that the risk-free rate is 3.5% and that the market risk premium is 4%.What is the required rate of return on a stock wit

kramer

Answer:

6.7%

12.7%

7.5%

Explanation:

Required rate of return = risk free rate + ( stock beta × Markert premium)

When beta = 0.8

The required rate of return = 3.5% + (4% × 0.8) = 6.7%

When beta = 2.3

The required rate of return = 3.5% + (4% × 2.3) = 12.7%

The required rate of return on the market:

3.5% + (4%×1) = 7.5%

I hope my answer helps you.

4 0

4 years ago

Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively. Determine their participation

rewona [7]

Answer:

Tyler year-end capital account 373,500

Piper year-end capital account 196,500

Explanation:

income 290,000

interest: (14,000) (210,000 x 5% + 70,000 x 5%)

salaries: (81,000) (36,000 + 45,000)

remainder 195,000

Tyler:

210,000 + 5% interest + 36,000 salary + 195,000 x 3/5 = 373.500‬

Piper

70,000 + 5% interest + 45,000 salary + 195,000 x 2/5 = 196,500

3 0

3 years ago

On April 1, Garcia Publishing Company received $24,480 from Otisco, Inc. for 36-month subscriptions to several different magazin

Aleks [24]

Answer: Debit Unearned fees $6,120, Credit Fees income $6,120.

Explanation: Garcia Publishing received $24,480 from Otisco on April 1 and this was recorded as unearned fees. This means Garcia would have debited cash with $24,480 and credited unearned fees $24,480. Remember the fees was paid at the beginning of April and is for 36-month subscriptions. So, the amount in unearned fees would be unwound to income (fees) over the tenor of the subscription (36 months). Therefore, monthly amortization would be $24,480 divided by 36 months = $680. April 1 to December 31 is 9 months, $680 multiplied by 9 months is $6,120.

8 0

4 years ago

In 2020, Ensley drove her automobile 28,500 miles. She incurred the following expenses during the year related to the automobile

JulsSmile [24]

Answer: $2722

Explanation:

Ensley's automobile deduction under the actual cost method is calculated below:

Gas and oil = $1800

Add: Insurance = $980

Add: Repairs = $360

Add: Licenses and registration fees = $50

Total Expenses = $3190

We then calculate the business usage which will be:

= 80% of $3190

= 0.8 × $3190

= $2552

We then add the cost of business parking and tolls, then the total deduction will be:

= $2552 + $170

= $2722

4 0

3 years ago