Answer: From the comprehension , we can state the following two arguments:
<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>
<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>
Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.
Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>
Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.
<u><em>Therefore, the correct option is (D)</em></u>
Answer:
$ 1,035.18
Explanation:
The price of the bond can be determined using the pv excel function as below:
=-pv(rate,nper,pmt,fv)
rate is the yield of 7.8%
nper is the number of coupons before the bonds are called which is 6
pmt is the annual coupon i.e face value*coupon rate=$1000*7.2%=$72
fv is the call price in six years' time which is $1099
=-pv(7.8%,6,72,1099)=$ 1,035.18
Answer:
D
Explanation:
You always want to compensate someone based on their performance. This aligns the employees and company's goals together
For this question you can use the CAPM formula:
E(rs) = risk free + (market return - risk free rate)*(beta)
=4.5% + (10.8% - 4.5%) * 1.3
= 4.5% + 8.19%
= 12.69%
----------------
Answer:
Dr. Account Payable $5,700
Cr. Discount Income $114
Cr. Cash $5,586
Explanation:
Term 2/10, net/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after purchase and net credit period of 30 days.
According to given data
Purchases = $5,700
As the payment is made within discount period, so discount will be availed
Discount = $5,700 x 2% = $114
Amount to be paid = $5,700 - $114 = $5,586
