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3 years ago

A farmer and an investor negotiate a Futures Contract where Tomatoes will be sold

1 answer:

8 0

If prices rise to $15 from the original $12 it was at in 6 months, the person that benefits between the investor and the farmer will be the Investor.

<h3>Why would the investor benefit?</h3>

The investor has fixed the price of the tomatoes to $12 when they purchase it in 6 months.

This means that the new price of the tomatoes will not affect them and they will still spend less than the market price of $15 when they eventually purchase the tomatoes.

In conclusion, the investor benefits.

Find out more on Futures Contracts at brainly.com/question/1193397.

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Rick Co. had 35 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc

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Answer:

None of the choices are correct

Explanation:

We use the par value of stock to determine the dividend instead of the market value of stock.

Dividend Calculation :

Dividend = 35,000,000 shares x $1 x 1%

= $350,000

Journal :

Debit : Dividend $350,000

Credit : Cash $350,000

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3 years ago

Which is the new crime created by Sarbanes-Oxley? a. mail fraud b. obstruction of justice c. certification of false financial st

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Answer:

The correct answer is letter "C": certification of false financial statements.

Explanation:

The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.

Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.

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3 years ago

The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2018, contained the following accounts.5-year Bon

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Answer:

b. $3,350,000

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The purpose of a ________ group is to protect data and information assets by establishing data standards and data management pra

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3 years ago

Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, minin

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Answer:

a. The earnings per share in Year 2 and Year 1 for Dakota would be as follows:

earnings per share in Year 1 is $6.29

earnings per share in Year 2 is $3.57

The earnings per share in Year 2 and Year 1 for Jersey would be as follows:

earnings per share in Year 1 is $8.75

earnings per share in Year 2 is 5.79

b. Dakota is the company with more profitability

Explanation:

a. In order to calculate the earnings per share in Year 2 and Year 1 for each company we would have to use the following formula:

earnings per share in Year x=Net income year x/Average number of common shares outstanding

Therefore, the earnings per share in Year 2 and Year 1 for Dakota would be as follows:

earnings per share in Year 1=$3,765/599=$6.29

earnings per share in Year 2=$2,122/594=$3.57

The earnings per share in Year 2 and Year 1 for Jersey would be as follows:

earnings per share in Year 1=$3,177/363=$8.75

earnings per share in Year 2=$1,935/334=5.79

b. The net income from Year 1 Year 2 of Dakota are higher than Jersey, so Dakota is the company with more profitability

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3 years ago