Answer:
$1,356.44
Explanation:
Computation for the value of one futures contract on the index
Using this formula
Futures contract =(Stock index value/(1+Risk-free rate)-Anticipated dividend
Let plug in the formula
Futures contract=$1,500/(1+0.0575) - $62
Futures contract=$1,500/(1.0575) - $62
Futures contract=$1,418.44 - $62
Futures contract=$1,356.44.
Therefore the value of one futures contract on the index will be $1,356.44.
This deal will be fully discharged when Leony pays Kali the $3000 for the car and Kali hands over her car to Leony so that Kali has the money and Leony has the car which means the transaction has been successfully completed.
Answer:
<u>Income statement for Rushmore Biking Inc. for the month ending February 28.</u>
Sales $910,000
Less Cost of Sales ($550,000)
Gross Profit $360,000
Less Expenses
Selling Expenses ($185,000)
Administrative Expenses ($90,000)
Net Income / (loss) $85,000
Explanation:
Perpetual inventory methods<em> keeps the record of inventory cost after every sale.</em>
Thus we were already given the costs associated with the sale of bikes (cost of sales) and there was thus no need to got the longer router of determining this amount using the manufacturing cost schedule.
Answer: $100
Explanation:
From the information, on a Friday night, you have the choice to either go to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to see Katy Perry but you would pay as much as $180 to see Lady Gaga perform, even thought the tickets to her show cost $100.
This illustrates that the person must be willing to pay at least $100 to see Katy Perry. Since the person wa.willing to pay $180 for Lady Gaga even when the tickets were$100, then you should be able to pay at least $100 to see Perry
The right answer for the question that is being asked and shown above is that: "5.8 percent." Paul invested $10,000 in a security that will double in value in ten years. Approximately the annual rate of return is this investment making is <span>5.8 percent</span>
