Answer:
$133,800
Explanation:
Calculation for The cash received for interest during 2014
Using this formula
2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable
Let plug in the formula
2014 Cash received for interest=$137,000-$18,200+ $15,000
2014 Cash received for interest=$133,800
Therefore The cash received for interest during 2014 was:$133,800
Answer:
The futures price of the C$ should be 0.82/C$.
Explanation:
Let:
rUS = Risk-free rates in the United States = 5%
rC = Risk-free rates in Canada = 3%
S = Spot exchange rate = $0.80/C$
Since the rUS is greater than rC, we have:
Future price of C$ = S + ((rUS -rC) * S) = 0.80 + ((5% - 3%) * 0.80) = 0.80 + (2% * 0.80) = 0.80 + 0.016 = 0.816, or 0.82
Therefore, the futures price of the C$ should be 0.82/C$.
Your bank account has 3,500 in it. You add 2,000 to your account because someone gave it to you. That will leave you with 5,500 But, its time for you to make out your monthly bills. So take your 5,500 in your account and subtract 2,500. it will leave you with a cash balance of 3,000.
Answer:
$67.20
Explanation:
Given:
Dividends paid, D₀ = $3.20
Growth rate = 5%
Required return rate = 10%
Now,
The expected value of the company’s stock
= 
on substituting the respective values, we have
= 
or
= $67.20
Hence, The correct answer is option $67.20
Answer:
Option C
Explanation:
The overview of important accounting rules is a portion of the end notes that accompanies the financial statements of an company, outlining the key policies that the finance department is following. The policy overview is prescribed by the accounting system in force (like the GAAP or IFRS).
The approach a corporation uses to assess the inventory expense (inventory valuation) affects the financial reports explicitly. Thus, it should be depicted in summary of accounting policies.
