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3 years ago

What is difference between T-Account and a ledger Account?(hint... what dose T-Account not have?)

1 answer:

6 0

A T account is a graphical representation of a ledger account. A ledger account is a set financial account.

(A ledger can also be interpreted as a collection of t accs)

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Assume both Paul and Cliff divide their time equally between the production of corn and wheat, and they do not trade. If they ar

vazorg [7]

The answer is 7 bushels of wheat and 7 bushels of corn.

Referring to the diagram in the attached image.

If both Paul and Cliff dedicate their time entirely to one crop.

Paul can grow 8 bushels of wheat and Cliff can grow 6 bushels of wheat

Or Paul can grow 10 bushels of corn and Cliff can grow 4 bushels of corn.

But If they divide their time equally between the two crops, each can grow half of each crop,

Then Paul will be growing 4 bushels of wheat and 5 bushels of corn.

And Cliff will be growing 3 bushels of wheat and 2 bushels of corn.

Total production = Paul's production + Cliff's production

= (4 bushels of wheat+5 bushels of corn) + (3 bushels of wheat+2 bushels of corn)

= (4+3) bushels of wheat + (5+2) bushels of corn

= 7 bushels of wheat + 7 bushels of corn

Hence, total production is 7 bushels of wheat and 7 bushels of corn.

Learn more about total production:

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4 0

2 years ago

Short-term investments: Select one: a. Are securities that management intends to convert to cash within the longer of one year o

PilotLPTM [1.2K]

Answer:

a. Are securities that management intends to convert to cash within the longer of one year or the current operating cycle.

Explanation:

Short term investments are those which are more liquid and readily convertible into cash within a short span of time usually in lesser than an year.

Examples of short term investments would be money market instruments, treasury bonds, marketable securities, commercial papers, certificate of deposits etc.

The purpose behind investing idle funds into such investments being that management may require such funds at any time to meet the working capital needs so these are readily available as per the need.

Also, these investments yield handsome return given the time period for which these are invested.

Investing in long term instruments such as debt would make it cumbersome to realize the money quickly as per need and those are less liquid.

4 0

4 years ago

Four portfolio managers have generated superior performance against each of their benchmarks and the stock market in general. Th

rusak2 [61]

Answer:

<u>d. Increases allocation to any stock that changes its corporate name</u>

<u>Explanation</u>:

This manager that does this practice is least likely to replicate performance because that is an unprofessional practice.

In most cases when there is a change in the name of a stock it indicates a red signal that the stock price is bad and thus the company may decide to change it's name, thus the future performance of the company diminishes.

5 0

3 years ago

A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market

iren [92.7K]

Missing information:

a. −5%

b. 0

c. 5%

d. 10%

Answer:

a. only management fees = $20,000,000

b. only management fees = $20,000,000

c. only management fees = $20,000,000

d. $30,000,000 (management fees + $10 million incentive fee)

Explanation:

management fee 2%

incentive fee 20% of returns if total returns are over 5%

common fees for every situation (managers always win even if investors lose):

$1,000,000,000 x 2% = $20,000,000

a. −5% , no incentive fee

b. 0 , no incentive fee

c. 5% , no incentive fee

d. 10%, incentive fee = (10% - 5%) x 20% x $1,000,000,000 = $10,000,000

6 0

3 years ago

Cullumber Corporation has these long-term investments: common stock of Vejas Co. (10% ownership), cost $116,090, fair value $110

Dovator [93]

Answer and Explanation:

Partial Balance sheet

Investments

Stock investments (At fair value) $110,090

Debt investments (at fair value) $163,100

Stock investments (At equity) not given: $0

Total investment) $276190

4 0

4 years ago