Tim wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Tim buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Tim has $1,537 in his checking account. Tim writes a check for $1,299. Tim can easily determine that the price of the computer is more than the price of the vacation.

Answers

Answer 1

Answer:

Role of Money in Each Part of the Story:

1. Tim can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

2. Tim has $1,537 in his checking account = Store of value

3. Tim writes a check for $1,299= Medium of Exchange

Explanation:

Money is countable and can be used to value exchanges and calculate profits and losses, income and expenses, and debts and wealth.  It can also be stored currently, retrieved at a later date, and exchanged for value in the future without significant loss of value.  Money facilitates transactions between parties.


Related Questions

A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, and the marginal rate of transformation is -2. How many units of good G can be purchased if all income is used to purchase good G

Answers

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Consider the telecommunications, networking, and wireless technologies you use today as a consumer and student. Does your comfort level with changes in these technologies in your personal life influence how comfortable you would be with adapting to new technologies in the workplace? Why or why not?

Answers

Answer:

Yes, people´s comfort level with changes in technology in their personal lives has a great influence over how comfortable they can be with adapting to new technologies in the workplace.

Explanation:

Telecommunications, networking, and wireless technologies are used regularly by most students, as those who are in studying years have grown with those technologies already developed. However, the rapid changes in technology that are common these days can become quite overwhelming, as they require users to constantly readapt to them. For example, our use of email has changed so much in the past years, with so many new lines of communication and new softwares that one has to learn how to use. And the more we get used to readapting, the more comfortable we can be when those changes become part of the workplace. It´s important to be prepared and to have the proper training to ensure the effective use of technology in such a fast-paced technological era.

The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). Assume maturity risk premium is zero, what should be the interest rate on 2-year, treasury securities today

Answers

Answer: 7.5%

Explanation:

Interest rate on 2 year treasury security:

= Real interest rate + Average inflation rate + Maturity risk premium

Average inflation rate = (Inflation rate coming year + Inflation rate next year) / 2

= (4% + 5%) / 2

= 4.5%

Interest rate on 2-year treasury security is:

= 3% + 4.5% + 0%

= 7.5%

Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.7 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers

Answers

Answer:

the rate of interest needed to report to the potential borrower is 14.59%

Explanation:

The computation of the rate of interest needed to report to the potential borrower is given below:

= ((1 +  rate of interest per year)^(1 ÷ number of days in a year) - 1) × number of days in a year

= ((1 + 15.7%)^(1 ÷ 365) -1) × 365

= 14.59%

hence, the rate of interest needed to report to the potential borrower is 14.59%

One year ago, Peyton purchased 7,200 shares of Broncos stock for $329,640. Today, he sold those shares for $58.92 a share. What is the total return on this investment if the dividend yield is 2.2 percent

Answers

Answer:

30.90%

Explanation:

total return = dividend yield + price appreciation

price appreciation = (current price per share / previous price per share) - 1

Previous price per share = $329,640 / 7,200 = $45.78

price appreciation = ( $58.92 / $45.78) - 1 = 0.287 = 28.70%

total return = 28.70% + 2.2% = 30.90%

Alliance Company budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 25,200 pounds. What is the budgeted materials needed in pounds for January

Answers

Answer:

Total direct material needed in pounds= 101,400 pounds

Explanation:

Giving the following information:

Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound.

Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials.

The January 1 inventory for this material is 25,200 pounds.

Production:

January= 24,000 units

February= 28,000 units

Direct material budget:

Production= 24,000*3= 72,000 pounds

Desired ending inventory= (28,000*0.35)*3= 29,400 pounds

Total direct material needed in pounds= 101,400 pounds

Purchases= production + desired ending inventory - beginning inventory

Purchases= 101,400 - 25,200

Purchases= 76,200 pounds

Direct material purchase cost= 76,200*3= $228,60

Suppose that XTel currently is selling at $30 per share. You buy 800 shares using $18,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%.
a. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (a) $33; (b) $30; (c) $27? (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)
b. If the maintenance margin is 25%, how low can XTel’s price fall before you get a margin call? (Round your answer to 2 decimal places.)
c. How would your answer to requirement 2 would change if you had financed the initial purchase with only $12,000 of your own money? (Round your answer to 2 decimal places.)
d. What is the rate of return on your margined position (assuming again that you invest $18,000 of your own money) if XTel is selling after one year at (a) $33; (b) $30; (c) $27? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)
e. Continue to assume that a year has passed. How low can XTel’s price fall before you get a margin call?

Answers

The correct answer is A

2. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. How would you interpret this ratio

Answers

Answer: hello your question has some missing data attached below is the missing data

answer :

i) The current ratio is higher than lower quartile and this signifies good liquidity position

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets. to show solvency position.

ii) Inventory Turnover Ratio is higher when compared to the industry ratios

Explanation:

i) Based on each ratio

The current ratio is higher than lower quartile and this signifies good liquidity position for east coast yachts but the value of the lower quartile been lower than the median and upper quartile represents a position of lower solvency

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets to show solvency position of the company.

ii) The ratio can be interpreted as  

Inventory Turnover Ratio is higher when compared to the industry ratios i.e. Inventory is been turned into cash by maximum times/as many times as possible per year.

An outside supplier offers to provide Epsilon with all the units it needs at $63.05 per unit. If Epsilon buys from the supplier, the company will still incur 35% of its overhead. Epsilon should choose to:

Answers

Answer:

Make since the relevant cost to make it is $59.05

Explanation:

Calculation to determine what Epsilon should choose to:

Relevant costs to make = 8.20 + 24.20 + [41*(100%-35%)]

Relevant costs to make = 8.20 + 24.20 + (41*65%)

Relevant costs to make = 8.20 + 24.20 + 26.65

Relevant costs to make =$59.05

Therefore Epsilon should choose to: MAKE SINCE THE RELEVANT COST TO MAKE IT IS $59.05

Antitrust regulators are likely to prohibit two firms from merging if: __________.
a. There are sizable synergies to the combination
b. The combined firm will have a large share of the market
c. There are many other firms in industry
d. The combined firm will undercut competitiors with lower prices

Answers

Answer:

If the combined firm will have a large share of the market.

Explanation:

Ravelo Corporation has provided the following data from its activity-based costing system:
Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly
$ 498,520 44,000
machine-hours Processing orders $ 54,263 1,100
orders Inspection $ 77,589 1,110
inspection-hours Data concerning the company's product L19B appear below:
Annual unit production and sales 430
Annual machine-hours 990
Annual number of orders 70
Annual inspection hours 20
Direct materials cost $ 37.74 per unit
Direct labor cost $ 10.45 per unit
According to the activity-based costing system, the unit product cost of product L19B is closest to:_________
(Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

$85.56 per unit

Explanation:

Assembly = $498,520 / 44,000 Machine hours

Assembly = $11.33 per machine hour

Processing orders = $54,263 / 1,100 Orders

Processing orders = $49.33 per processing orders

Inspection = $77,589 / 1,100 Inspections

Inspection = $70.54 per inspections

Total Overhead Costs = [990*$11.33] + [70*$49.33] + [20*$70.54]

Total Overhead Costs = $11,217 + $3,453 + $1,411

Total Overhead Costs = $16,081

Overhead Cost per unit = Total Overhead cost / Number of units produced

Overhead Cost per unit = $16,081 / 430 Units

Overhead Cost per unit = $37.37 Per unit

Step-3, Average cost of product L19B

Unit cost of product L19B = Direct Material cost per unit + Direct Labor cost per unit + Overhead costs per unit

Unit cost of product L19B = $37.74 + $10.45 + $37.37

Unit cost of product L19B = $85.56 per unit

Burnham Brothers, Inc. has no retained earnings since it has always paid out all of its earnings as dividends This same situation is expected to persist in the future. The company uses CAPM to calculate its cost of equity and its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would reduce its WACC?
a. The flotation costs associated with issuing new common stock increase.
b. The company's beta increases.
c. Expected inflation increases.
d. The market risk premium declines.

Answers

Answer: d. The market risk premium declines.

Explanation:

The Weighted Average Cost of Capital (WACC) takes into account the cost of equity and debt which means that if either of these costs increase, the WACC will increase as well and if any decrease, WACC will follow suit.

Market risk premium is used in the calculation of the cost of equity when using CAPM in the following manner:

= Risk free rate + Beta * Market risk premium

As can be inferred from the above formula, if the market risk premium declines, a lower cost of equity will result which would then reduce the WACC as well.

Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is Group of answer choices $16,440. $17,160. $17,880. $16,640. None of these answer choices are correct.

Answers

Answer:

$16,440.

Explanation:

Please find attached the data used in answering this question

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods

total sales is 20800

total purchases = 26,000

ending inventory = 26,000 - 20800 = 5200

this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.

                               

Consider the following stock price and shares outstanding data: Stock Name Price per Share Shares Outstanding (Billion) Lowes $28.80 1.53 Wal-Mart $47.90 4.17 Intel $19.60 5.77 Boeing $75.00 0.79 If you are interested in creatinga value-weighted portfolio of these four stocks, then the percentage amount that you would invest in Lowes is closest to: A) 25% B) 11% C) 20.0% D) 12% E) 8%

Answers

Answer:

B) 11%

Explanation:

We need to determine the total amount to invest in all the stocks in the first place as computed below:

Lowes= $28.80*1.53=$44.06

Wal-Mart=$47.90*4.17=$199.74

Intel=$19.60*5.77 =$113.09

Boeing=$75.00*0.79=$59.25

Total amount invested in the portfolio=$44.06+$199.74+$113.09+$59.25

Total amount invested in the portfolio=$416.14

Lowes' portion of the portfolio=amount invested in Lowes/total portfolio amount

Lowes' portion of the portfolio=$44.06/$416.14

Lowes' portion of the portfolio=11%

You consider buying a share of stock at a price of $12. The stock is expected to pay a dividend of $1.60 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $14. The stock's beta is 1.2, rf is 15%, and E[rm] = 25%. What is the stock's abnormal return?

Answers

Answer:

3%

Explanation:

The computation of the abnormal return of the stock is shown below:

= Rf + Beta (Rm - Rf)

= 15% + 1.2 (25% - 15%)

= 15% + 12%

= 27%

Now actual return is  

=[ $1.60 + ($14 - $12)] ÷ $12

= 0.3

=  30%

ANd, finally the abnormal return is  

= 30% - 27%

= 3%

The difference between a low-cost provider strategy and a focused low-cost strategy is Multiple choice question. the company's willingness to accept a lower profit margin. the uniqueness of the product or service. the size of the company's targeted buyer group. the length of the value chain.

Answers

Answer:

the size of the company's targeted buyer group.

Explanation:

Low cost strategies are used by sellers to gain more patronage of their products. It gives them competitive advantage of having low prices and this will in turn increase sales.

The low-cost provider strategy involves a reduction in prices of all the products a company sells in all locations while still making a profut. An appeal is made to a broad market to attract customers in mass.

The focused low-cost strategy on the other hand involves cost reduction in a targeted niche. It does not appeal to the broad market but rather to a specific customer profile.

So the difference between these two strategies is the size of the company's targeted buyer group.

Dave's Duds reported cost of goods sold of $1,600,000 this year. The inventory account increased by $130,000 during the year to an ending balance of $465,000. What was the cost of merchandise that Dave's purchased during the year?

Answers

Answer:

$1,730,000

Explanation:

Calculation to determine the cost of merchandise that Dave's purchased during the year

COGS $1,600,000

Add: Increase in inventories $130,000

Purchases $1,730,000

($1,600,000+$130,000)

Therefore the cost of merchandise that Dave's purchased during the year is $1,730,000


A separate company unit responsible for its own cost and revenue is referred to as which of the following?

Answers

Answer:

forming a work team. A company unit responsible for its own costs and profits is referred to as______ -departmentalization. -specialization.

pls mark me the brainliest

The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm is given here:

Answers

Answer:

The answer is "$4.311".

Explanation:

Calculating the EPS after the merger:

[tex]\text{Stultz Corp Post Merger Earnings} = 220,000 + 1,000,000 \\\\[/tex]

                                                      [tex]= \$1,220,000[/tex]

[tex]\to \text{Number of Shares Post Merger:} \\\\=\frac{99,000}{3} + 250,000\\\\ = 283,000\\\\\text{EPS Post Merger} =\frac{\text{Stultz Corp Post Merger Earnings}}{\text{Number of Shares Post Merger}} \\\\[/tex]

                            [tex]= \frac{1,220,000}{283,000} \\\\= \$4.311[/tex]

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $120 per unit.
Manufacturing costs
Direct materials per unit $ 48
Direct labor per unit $ 18
Variable overhead per unit $ 6
Fixed overhead for the year $ 420,000
Selling and administrative cost
Variable selling and administrative cost per unit $ 12
Fixed selling and administrative cost per year $ 110,000
1a. Assume the company uses absorption costing. Determine its product cost per unit.
1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.
2a. Assume the company uses variable costing. Determine its product cost per unit.
2b.
Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Answers

Answer:

1a. Product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Net operating income if absorption costing is used by the company is $774,000.

2a. Product cost per unit if variable costing is used by the company is $72 per unit.

2b. Net operating income if variable costing is used by the company is $694,000.

Explanation:

1a. Assume the company uses absorption costing. Determine its product cost per unit.

Fixed overhead per unit = Fixed overhead for the year / Units produce for the year = $420,000 / $42,000 = $10

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit = $48 + $18 + $6 + $10 = $82

Therefore, product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.

Note: See number 1b of the attached excel file for the income statement for the year under absorption costing.

From number 1b of the attached excel file, we have:

Net operating income = $774,000

Therefore, net operating income if absorption costing is used by the company is $774,000.

2a. Assume the company uses variable costing. Determine its product cost per unit.

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit = $48 + $18 + $6 = $72

Therefore, product cost per unit if variable costing is used by the company is $72 per unit.

2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Note: See number 2b of the attached excel file for the income statement for the year under variable costing.

From number 2b of the attached excel file, we have:

Net operating income = $694,000

Therefore, net operating income if variable costing is used by the company is $694,000.

Your engineering team improved one of your core products, in the context of this course you should immediately:
a. File for patent protection.
b. Consider the market
c. Perform some due dilgence to make sure you remain in compliance with the laws, rules, and regulations.
d. Begin looking at the Institutional views of the Host location.
e. Start analyzing the Resurces and capabilities needed in the Host.

Answers

Answer:

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Explanation:

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Salge Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $8.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. All other fixed manufacturing overhead costs represent current cash flows. The direct labor budget indicates that 5,300 direct labor-hours will be required in September. The company recomputes its predetermined overhead rate every month. The pre-determined overhead rate for September should be:___.
a. $18.30.
b. $14.10.
c. $8.10.
d. $22.20.

Answers

Answer:

d. $22.20

Explanation:

Calculation to determine what the pre-determined overhead rate for September should be:

Using this formula

Predetermined overhead rate = Variable overhead rate per direct labor hour + Estimated fixed manufacturing overhead/Estimated direct labor hour

Let plug in the formula

Predetermined overhead rate=$8.10 + ($74,730/5,300)

Predetermined overhead rate= $8.10+$14.1

Predetermined overhead rate= $22.20 per direct

Therefore the pre-determined overhead rate for September should be:$22,20

E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 9.75 percent on this stock, how much should you pay today

Answers

Answer:

You would pay approximately $35.00 today

Explanation:

The cost of the stock at the beginning of the year 20

= 20/9.75%

= 20/0.0975

= 205.13 dollars

We find the current price of the stock

= Fv/(1+r)^n

= 205.13/(1+9.75%)¹⁹

= 205.13/1.0975¹⁹

= 205.13/5.86

= $35.00

From this calculation you have to pay 35 Dollars today.

The type of income statement that reports a series of subtotals such as gross profit, operating income, and income before taxes is a ______ income statement.
A. multiple-step
B. classified
C. single-step
D. current

Answers

Answer:

A. multiple-step

Explanation:

The Multiple-Step Income statement is used to reports a series of subtotals such as gross profit, operating income, and income before taxes. This allows the users to identify income generated form Primary and Secondary Activity of the Business.

eBookItem 7 The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they supply to the market. Below is the current monthly demand and supply schedules for wholesale butter (in millions of pounds per month). Market for Wholesale Butter Price (dollars per pound) Quantity of Butter Demanded (millions of pounds) Quantity of Butter Supplied (millions of pounds) $0.80 114 70 0.90 111 78 1.00 108 86 1.10 105 94 1.20 102 102 1.30 99 110 1.40 96 118 1.50 93 126 1.60 90 134 1.70 87 142 1.80 84 150 Instructions: Round your answer for price to 2 decimal places. Enter your answers for quantity as a whole number. a. What are the equilibrium price and quantity in the wholesale butter market

Answers

Answer:

The U.S. Department of Agriculture

a. The equilibrium price in the wholesale butter market is:

= $1.20.

b. The equilibrium quantity in the wholesale butter market is:

= 102 million pounds.

Explanation:

a) Data and Calculations:

Market for Wholesale Butter

Price (dollars     Quantity of Butter     Quantity of Butter

 per pound)         Demanded                  Supplied

                      (millions of pounds)    (millions of pounds)

$0.80                      114                                  70

 0.90                       111                                  78

  1.00                     108                                  86

   1.10                     105                                  94

 1.20                     102                                 102

 1.30                       99                                  110

 1.40                       96                                  118

 1.50                       93                                 126

 1.60                       90                                 134

 1.70                       87                                  142

 1.80                       84                                 150

b) The equilibrium price and quantity are the price and quantity at which the quantity of butter demanded in the wholesale butter market equals the quantity of butter supplied in the same market. At this price of $1.20 per pound, the total quantity demanded and supplied equaled 102 million pounds of butter.  At this price and quantity, both consumers and suppliers of butter in the wholesale market go home satisfied.

Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 2018. In addition, Pharoah performed services worth $39,400 in 2019, which will not be collected until 2020. Pharoah Industries also paid $72,800 for expenses in 2019. Of the amount paid, $29,100 was for expenses incurred on account in 2018. In addition, Pharoah incurred $41,500 of expenses in 2019, which will not be paid until 2020.

Required:
a. Compute 2018 cash-basis net income.
b. Compute 2018 accrual-basis net income.

Answers

Answer:

A. $33,200

B. $35,000

Explanation:

A. Computation for 2018 cash-basis net income

2018 cash-basis net income = $106,000 - $73,800

2018 cash-basis net income= $33,200

Therefore 2018 cash-basis net income is $33,200

(b) Computation for 2018 accrual-basis net income

2018 accrual-basis net income = ($106,000 - $24,200 + $39,400) - ( $73,800 - $29,100 + $41,500))

2018 accrual-basis net income= $121,200 - $86,200

2018 accrual-basis net income= $35,000

Therefore 2018 accrual-basis net income is $35,000

Consider single-server Q with LIFO (last-infirst-out) services. Suppose that three customers show up at times 5, 6, and 8, and that they all have service times of 4. When does customer 2 leave the system?

a. 3
b. 9
c. 13
d. 17
e. 19a

Answers

Answer:

d. 17

Explanation:

The computation is shown below;

Here the time started i.e. t=0

Therefore there was no customer upto t=5 hour

At t=5

The client first came and as there was no other customer available so we begins service to customer 1

Now  

As service off is 4 hour so service to client 1 will end at

t=9 hour.

Also mid-time at t = 6

That means the client 2 came and at t = 8 the  client 3 came.

Now at t = 9 the service begins for client 3 and end at t = 13 ( 9 + 4)

At t=13 hour, so after four hours it should be 17  

Which theory would most likely explain why a commercial bank, which usually focuses on short-term securities, would switch to long-term securities due to a change in interest rates. pure expectation liquidity premium segmented market preferred habitat

Answers

Answer:

preferred habitat

Explanation:

According to the preferred habitat theory, if the expected returns from investment of a particular investment maturity is large enough, investors would shift from their preferred maturities.

In this question, there is a shift from the preferred maturity (short-term securities) to a long-term securities when interest rate changes

The pure expectations theory assumes that bonds of any maturity are perfect substitutes for each other. For example, if an investor buys a 10 year bond and holds it for 1 year, the return is the same as buying a 1 year bond. The theory also assumes that risk premium does not exist and a security only earns its risk free rate

Liquidity premium theory states that risk premium increases with the maturity of a bond. The theory predicts that the yield curve is upward sloping due to liquidity premium

According to the segmented market theory, each bond maturity segment can be thought of as a segment market in which yield are a function of the demand and supply for funds in that maturity.

A stock index currently stands at 107. The risk-free interest rate is 8.75% per annum (with continuous compounding) and the dividend yield on the index is 2.75% per annum. What should the futures price for a 6-month contract be? (Answer with two decimal accuracy. Example: 132.06)

Answers

Answer: $110.25

Explanation:

Futures price is calculated by the formula:

= Strike price * e ^ (risk free interest rate - dividend yield) * annualized time to expiry

= 107 * e^(8.75% - 2.75%) * 6/12 months

= $110.25

Bottlebrush Company has income from operations of $73,745, invested assets of $245,000, and sales of $1,053,500. Use the DuPont formula to calculate the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit Margin fill in the blank 1 % b. Investment Turnover fill in the blank 2 c. Return on Investment

Answers

Answer:

a. Profit margin = Income from operations / Sales

Profit margin = $73,745/$1,053,500

Profit margin = 0.07

Profit margin = 7%

b. Investment turnover = Sales/Invested assets

Investment turnover = $1,053,500/$245,000

Investment turnover = 4.3 times

c. Rate of return on investment = Profit margin * Investment turnover

Rate of return on investment = 7% * 4.3

Rate of return on investment = 30.10%

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