Answer:
See below
Explanation:
Per the above information,
Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount
$93,000 = Beginning account receivable + $108,000 - $142,000 - $130
$93,000 = Beginning accounts receivable - $34,130
Beginning accounts receivable = $93,000 + $34,130 = $127,130
So, the beginning account receivable would be;
The ending accounts receivable is computed as;
= $930 ÷ 1%
= $93,000
This means opportunity cost is the deal. Opportunity cost is something you spend money on stuff you absolutely need to live versus the money you spend on stuff you don't need.
Answer:
The answer is B. -97.7.
Explanation:
As the question gives us the spot rate, the interest rates of two countries, We can apply the covered interest parity to calculate the 90-day forward exchange rate JPY/AUD from which 90-day forward points can be derived.
F = S x ( 1+ Rjpy) / ( 1+ Raud); in which Rjpy denoted as JPY interest rate ( 0.15% per annum) while Raud is AUD interest rate ( 4.95% per annum).
F = 82.42 x (1+ 0.15% x 90/360) / ( 1 + 4.95% x 90/360) = 81.443
=> The 90-day forward points is : 100 x ( F-S) = 100 x ( 81.443 - 82.42) = -97.7
Answer:
$1500
Explanation:
The average cash is $3000 which is turned over 6 six times a year.
In other words average cash that flowed through the bank on monthly basis is computed thus:
average monthly cash=(average cash *rate of cash turnover)/12months
=($3000*6)/12months
=$1,500.00