Answer:
Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.
Answer:
1969.6%
Explanation:
The computation of the effective annual rate is given below;
Given that
It is been charged $12 for $200 loan for 7 days
So for 7 days,
the nominal interest rate is is
= 12 ÷ 200 × 100
= 6%
Now
(1+r) = (1+0.06)^{52}
(1+r) = 20.696
r = 19.696
= 1969.6%
Answer:
d. $6,500,000 dollars
Explanation:
Hedging is a strategy used by investment firms that want to minimize the risk of loosing their investments, so what they basically do is giving up the actions and investments and get some money in return, the exercise price is what they will pay you for your total investment, and the premium fee is somthing you have to pay to hedge an investment:
So you multiply the 12.5 million by .55 which is the amount you´ll receive, and withdraw form that the premium:
12,500,000x.55=$6,875,000
12,500,000x.03=$375,000
$6.875,000-$375,000= $6,500,000
The firm will receive $6,500,000 dollars.
Answer:
The answer is explained below:
Explanation:
An income statement is used for reporting thhe financial performance over an accounting period.
The other two statements are cash flows and balance sheet. Income statement is also called revenue and expense statement. It mainly focuses on a company's revenues and expenses during a particular period. It is important part of a company's performance reports.
A balance sheet only gives a glimpse of a company's financial but income statement tells the company's income in a particular time period.
