June 1 The owner invested $150,000 cash into the business to start a new restaurant. The owner also invested in addition to the $150,000 cash some furniture worth $25,000, a cash register worth $5,000 and kitchen equipment worth $40,000.
June 2 The owner purchased some more kitchen equipment for $90,000. The owner paid a $26,000 cash deposit and paid for the remainder by going to the bank and getting a loan for the rest of the amount needed to buy the equipment.
June 4 The business paid $1,200 cash for rent for the month of June for the restaurant. The business will pay rent every month until he can find a building to purchase or rent long term.
June 8 Purchased food for $9,200 for cash. (Assume the food will all be sold by the end of June) and drinks for $6,500 on credit. (Assume all of the drinks will also be sold by the end of June).
June 9 The owner purchases kitchen supplies on credit for $900. The supplies will be enough to use for 6 months.
June 12 The business paid $300 cash for general expenses for the business.
June 15 Sales of food and drink for the first half of the month were $10,600 on credit and $11,200 for cash.
June 16 The business paid $8,900 cash for wages for the second half of the month.
June 18 The business paid $860 cash for electricity for the month of June.
June 19 The owner withdrew $450 cash from the business for personal use.
June 21 The business paid the amount owing for the supplies purchased on the 9th of June.
June 22 The business purchased more food on credit for $4,000 (assume the business will sell of the food by the end of June).
June 23 The business repaid $1,200 cash for the loan on the equipment purchased on the 2nd of June.
June 24 Received $1,000 cash from customers who owe money for sales of food on the 15th of June.
June 26 Paid the full amount owing for food purchased on the 8th of June.
The business is paying for the drinks purchased on credit on the 8th of June, not the food (which was purchased for cash)
June 27 The business paid the telephone expense for June for $280 cash.
June 28 Sales of food and drink for the second half of the month were $12,600 for cash and $9,400 on credit.
June 30 The business paid $8,900 cash for wages for the second half of the month.
June 30 Received $1,200 cash from customers who owe money for sales of food made on credit on the 28th of June.
June 30 The business repaid $1,600 cash for the food purchased on credit on the 22nd of June.
Required:
(a) Record the journal entries for the events above on pages 4 to 6 of this document (General Journal).
(20 Marks)
(b) Complete the ledger accounts which are on pages 5 to 7 of this document (ledger accounts).
(8 Marks)
(c) Complete the trial balance on page 8 of this document.
(3 Marks)
(d) Prepare an Income Statement and Balance Sheet for the period ending 30th June on pages 9 and 10 of the document.
Answers
The task involves recording journal entries, completing ledger accounts, preparing a trial balance, income statement, and balance sheet for a restaurant business for the month of June.
Various transactions such as investments, purchases, payments, and sales need to be recorded and processed.
(a) Journal entries:
June 1:
Cash 150,000
Furniture 25,000
Cash register 5,000
Kitchen equipment 40,000
Capital 220,000
June 2:
Kitchen equipment 90,000
Cash 26,000
Loan payable 64,000
June 4:
Rent expense 1,200
Cash 1,200
June 8:
Food expense 9,200
Cash 9,200
Drinks expense 6,500
Accounts payable 6,500
June 9:
Kitchen supplies expense 900
Accounts payable 900
June 12:
General expenses expense 300
Cash 300
June 15:
Accounts receivable 10,600
Cash 11,200
Sales revenue 21,800
June 16:
Wages expense 8,900
Cash 8,900
June 18:
Electricity expense 860
Cash 860
June 19:
Drawing 450
Cash 450
June 21:
Accounts payable 900
Cash 900
June 22:
Food expense 4,000
Accounts payable 4,000
June 23:
Loan payable 1,200
Cash 1,200
June 24:
Cash receivable 1,000
Cash 1,000
June 26:
Accounts payable 6,500
Cash 6,500
June 27:
Telephone expense 280
Cash 280
June 28:
Cash 12,600
Accounts receivable 9,400
Sales revenue 22,000
June 30:
Wages expense 8,900
Cash 8,900
Cash receivable 1,200
Cash 1,200
Accounts payable 4,000
Cash 4,000
(b) Ledger accounts:
Cash:
Date Description Debit Credit Balance
Jun 1 Owner's investment 150,000 150,000
Jun 1 Furniture and equipment 70,000 220,000
Jun 4 Rent expense 1,200 218,800
Jun 8 Food expense 9,200 209,600
Jun 15 Sales revenue 11,200 220,800
Jun 16 Wages expense 8,900 211,900
Jun 18 Electricity expense 860 211,040
Jun 19 Drawing 450 210,590
Jun 21 Payment for kitchen supplies 900 211,490
Jun 22 Food expense 4,000 207,490
Jun 23 Loan repayment 1,200 206,290
Jun 24 Cash received for sales 1,000
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Related Questions
After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.
Answers
After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.
What is investing?
Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.
Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.
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the market value of kennedy corporation's common stock is $100 per share when it declares a 20% stock dividend on its 10,000 shares outstanding of $1 par value common stock. the entry to record this small stock dividend involves a .
Answers
the market value of Kennedy corporation's common stock is $100 per share when it declares a 20% stock dividend on its 10,000 shares outstanding of $1 par value common stock. the entry to record this small stock dividend involves a . Credit to Additional Paid-in Capital for $198,000.
What is Stock?
A stock usually referred to as equity, is a type of investment that denotes a little portion of a company's ownership. A share is a small piece you own when you buy stock from a company; you become a shareholder when you do so.
Companies have the option of issuing their stock shares publicly or privately. Accreditation is not necessary to invest in equities that are listed on public markets like the New York Stock Exchange or Nasdaq, but accredited investors are often the only ones who may purchase private shares.
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How do the decisions you make as a consumer affect people all over the world?
Answers
Answer:
As a consumer I can influence the economy in different ways. When buying certain product or service, I am signaling that I like that certain product so producer will produce more of that product. In addition, it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors. Reason for that can be quality or price, so they will try to change something to stay competitive on the market. In addition to this, the consumer can join private organizations, interest groups, and lobby, influence public officials to vote according to the wishes of that group. In other words, with interest groups, consumers can push their agenda.
Answer:
As a consumer I can influence economy is different ways. ... In addition it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors.
Stambovsky, to his horror, discovered that the house he recently purchased was commonly known to be possessed by poltergeists. Ackley, the seller of the house, had widely publicized their presence in local media and on a walking tour of the Village of Nyak, New York, where the house was located. Ackley did not disclose this characteristic of the property in the sale.
Stambovsky believed that the potential "haunting" should have been disclosed and he sought to rescind the sale. Ackley refused and a law suit resulted.
Did the seller have a duty to disclose to the buyer the fact the house was haunted?
How should the court decide? What factors should be considered?
Answers
Stambovsky, it depends on the laws of the state where the sale occurred. In some states, sellers are required to disclose any known defects or material facts that could affect the value or desirability of the property.This could include issues such as a leaky roof, a faulty foundation, or in this case, a haunted house.
Assuming that the state where the sale occurred does require such disclosures, the court would need to determine whether the fact that the house was haunted qualified as a material fact. This would likely involve considering factors such as the severity of the haunting, whether it could be reasonably discovered by the buyer through a routine inspection, and whether it could affect the value or desirability of the property.
Additionally, the court may consider the seller's actions in relation to the haunting. In this case, Ackley had widely publicized the haunting, suggesting that she was aware of its existence and believed it could be a selling point for the property. This could be seen as an admission that the haunting was a material fact that should have been disclosed to the buyer. And would require careful consideration of the specific facts and laws involved.
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Activity 1.1 Cash Receipts Journal or Cash Payments Journal?
5 minutes
For each of the following transactions, indicate whether the amounts would be entered into
the Cash Receipts Journal or the Cash Payments Journal.
1. A cleaning company received cash from a customer for services provided
2. Owner of a business deposited capital contribution in the business bank account
3. Cheque cashed to buy office supplies
4. Cash received in the cash register from the day's sales
5. Service materials purchased by electronic funds transfer
6. Loan received from the bank
7. Salaries paid by Internet banking
8. Cheque received from a customer in payment of her account.
Answers
Answer:
Cash received journal would contain transactions where money was entering into the company. These include: capital contributions, cash sales and loans coming into the company.
The cash payments journal on the other hand, would show transactions where money left the company such as to pay for expenses such as salaries or to procure materials needed by the company.
Cash Receipts Journal
1. A cleaning company received cash from a customer for services provided
2. Owner of a business deposited capital contribution in the business bank account
4. Cash received in the cash register from the day's sales
6. Loan received from the bank
8. Cheque received from a customer in payment of her account.
Cash Payments Journal
3. Cheque cashed to buy office supplies
5. Service materials purchased by electronic funds transfer
7. Salaries paid by Internet banking
Under which of the following plans does the Canadian government contribute to the plan based on the contributions of others?
Question 9 options:
Canada Education Savings Grants
Canada Learning Bonds
Tax Free Savings Accounts
Registered Retirement Savings Plans
Answers
Among the options provided, the plan under which the Canadian government contributes based on the contributions of others is the Canada Education Savings Grants (CESG).
The Canada Education Savings Grants are a government program designed to encourage individuals to save for their child's education. Under this plan, the government contributes to the Registered Education Savings Plan (RESP) based on the contributions made by the account holder. The government provides grants on a matching or fixed basis, depending on the amount contributed and the income level of the account holder.
The CESG provides an incentive for families to save for their children's post-secondary education by offering additional funds from the government. The grant amount is calculated as a percentage of the annual contribution made to the RESP, up to a certain maximum. The government's contribution helps to boost the overall savings in the RESP and provides additional funds that can be used for educational expenses.
Therefore, the Canadian government contributes to the Canada Education Savings Grants based on the contributions made by individuals.
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Why do you think entrepreneurs set up businesses despite the risk of making a loss? Use examples to justify your answer.
Answers
The reason why entrepreneurs set up businesses even though they know there is a risk of loss is because they believe that the potential rewards outweigh the risks.
Why do entrepreneurs set up businesses regardless of risk ?Entrepreneurship is the process of creating or starting a new business venture in order to make a profit. Entrepreneurs take the risk of starting a new business in the hopes of achieving financial success, personal satisfaction, and the ability to be their own boss. They are willing to put their own time, money, and effort into creating something new and innovative.
Entrepreneurs see opportunities in the market and believe that they can create a successful business by providing a product or service that meets the needs of consumers. They are driven by a desire to be in control of their own destiny, to create something new, and to make a positive impact on the world. They also hope to generate wealth, to create jobs and to contribute to the economy.
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Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?
Answers
Answer:
Net Income = $1125
Explanation:
The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,
Net Income = Revenue - Total costs
The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.
Revenue = 55 * 25
Revenue = $1375
The total cost for materials needed for 25 arrangements is provided and there are no other costs.
Net Income = 1375 - 250
Net Income = $1125
the collection of a $500 account beyond the 2 percent discount period will result in a
a. credit to Cash for $500.
b. debit to Cash for $490.
c. debit to Sales Discounts for $10.
d. credit to Accounts Receivable for $500.
Answers
The correct answer is option B, which is a debit to Cash for $490. This is because, during the discount period, the customer would have received a 2 percent discount for paying within a specified period of time. However, if the customer does not pay within that discount period, they lose the discount and must pay the full amount. Therefore, the company would receive the full $500, but the amount of the discount ($10) would be lost. This would result in a debit to Cash for $490.
To further explain, the company would have initially recorded the sale as a credit to Accounts Receivable for $500 and a debit to Sales for $500. When the customer pays within the discount period, the company would credit Accounts Receivable and debit Cash for $490 (after the 2 percent discount). However, if the customer pays after the discount period, the company would still credit Accounts Receivable for $500, but would only debit Cash for $490.
In summary, collecting a $500 account beyond the 2 percent discount period would result in a debit to Cash for $490.
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Should spreadsheets be used to maintain a checkbook?.
Answers
The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.
What are spreadsheets?A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.
The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.
Therefore, the above statement is true.
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QUESTION 3 of 10: You invest S1,000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for
May comes, you see you have gained 13% in May, What is the value of your account? Round to the nearest dollar.
Answers
Answer:
$983.1
Explanation:
The amount invested is $1000.
By the end of April, 13% had been lost
The amount at the end of April was equivalent to 87%( 100% -13%) of the amount invested.
=87/100 x $1000
=0.87 x $1000
=$870
In may a gain of 13%
The amount at the end of May = $870 + (13% of $870)
= $870 + (13/100 x $870)
=$870 + 113.1
=$983.1
Pretend you are a highschool student who makes minimum wage. You want to buy a new car, but you are $10,000 short. You are looking at the two loans identified below. Explain which loan is more appealing and why you would choose that over the other. Use details to support your answer.
Thanks for the help!!!
Answers
The benefit of Loan B is the term of payment is longer and the monthly repayments are lower. This could be good for someone working minimum wage due to having a low income.
In conclusion, I think Loan A would be better due to the interest being lower which is always a plus for loans.
What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.
Answers
Answer:
you will generally not receive interest
Explanation:
took the quiz
in the fraud context, the reason for a person to take a fraudulent action that is believed to be unsharable with other is a(n)
Answers
In the fraud context, the reason for a person to take a fraudulent action that is believed to be unsharable with other is a(n) Motive.
Fraud is defined as a purposefully false activity intended to provide the offender with an illicit benefit or to deprive a victim's right. Tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud are all examples of fraud.
What is an example of a deceptive statement?By purposefully making false assertions, perpetrators of fraud may seek either monetary or non-monetary assets. Knowingly lying about one's age to gain a driver's license, criminal past to obtain a job, or income to secure a loan, for example, may be considered fraudulent activities.
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On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:
a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.
Answers
The we love books publishing company is this a publishing company, if so then how do I get to there web site
Answers
Answer:
www.welovebooks.net
Explanation:
You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.
Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly.
3. Make sure the appointment has a description (for example, "see the dentist") and occurs on one or more dates.
4. Write a method occursOn(Date d) that checks whether the appointment occurs on that date. For a monthly appointment, you must
check whether the day of the month matches.
5. Appointment class must implement Recurring interface. It contains the repeat method.
6. When the repeat method is called on a Daily appointment object, get the number of occurrences from the user and add all
continuous dates until the end date of the list of dates.
Tip: It is good practice not to have user input only in the main function and not to add it to other member functions.
7. When the repeat method is called on a Monthly appointment object, get the number of occurrences from the user and add the
same date of consecutive months until the end date of the list of dates.
8. When the repeat method is called on a Onetime appointment object, print a message that says, "One-time appointments cannot
be repeated. Sorry."
9. Add an abstract method cancelAppointment to Appointment. The subclasses must override this and empty the list of dates.
For Daily appointments, print a message that says, "Daily appointment is cancelled." Change the message accordingly for other
subclasses.
10. Use the class SchedulingAssistant as your tester/main class. Then fill an array of Appointment objects with a mixture of
appointments (Onetime, Daily, and Monthly appointments).
11. Prompt the user to enter a date and print out all appointments that occur on that date
12. Give the user the option to add new appointments. The user must specify the type of the appointment, the description, and the Iteratively ask if the user wishes to add an appointment or view appointments on a specific date until they wish to exit. Implement
this using a do-while loop.
Answers
Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly, with methods for occurrence checking, repeating appointments, cancellation, and scheduling assistance.
To implement the appointment system, we create a superclass called "Appointment" and three subclasses: "Onetime," "Daily," and "Monthly." The Appointment class has a description and a list of dates. It implements the Recurring interface, which includes a "repeat" method. The "occursOn(Date d)" method checks if an appointment occurs on a specific date. For Daily appointments, the "repeat" method adds continuous dates based on user input. For Monthly appointments, it adds the same date for consecutive months. Onetime appointments display a message that they cannot be repeated
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with respect to government-wide statement, which of the following statements is correct? a. general capital assets should not be reported as assets in governmental funds but should be reported in the governmental activities column of the government-wide statement of net position. b. gasb requires a reconciliation from proprietary fund financial statements to the government-wide statements business-activities columns from modified accrual accounting to accrual accounting. c. in addition to the fund-basis statement, gasb requires government-wide statements that are prepared on the modified accrual basis using the economic resources measurement focus. d. fiduciary activities are reported in the government-wide statements in a separate column.
Answers
The right statement with regard to the government-wide statement is (A) general capital assets should be recorded in the governmental activities column of the government-wide statement of net position rather than as assets in governmental funds.
What are general capital assets?A government's capital assets are those with initial usable life that run beyond a single reporting period. Examples include real estate, improvements to real estate, easements, buildings, improvements to buildings, machines, tools, works of art, historical artifacts, infrastructure, and other items.To identify the type of fixed asset owned and the source of the funds from which the general capital assets were obtained, general capital assets should be categorized in the appropriate account code.Since general capital assets should not be recorded as assets in governmental funds but rather should be included in the governmental activities column of the government-wide statement of net position, the right statement with regard to the government-wide statement is (A).
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seedbed preparation
activities
1.cleared the area
Answers
3- Use the following data to answer the questions below:
Category
Billions of Dollars
Consumption $200
Investment $ 50
Government Spending $ 60
Exports $ 70
Imports $ 80
Depreciation $ 10
Foreign Factor Income $ 10
Please answer in whole numbers.
a. How much is net exports? $
b. How much is net investment? $
c. How much is GDP? $
d. How much is Net Domestic Product? $
e. How much is National Income?$
Answers
Explanation:
a. Net exports = Exports - Imports = $70 - $80 = -$10 b. Net investment = Investment - Depreciation = $50 - $10 = $40 c. GDP = Consumption + Investment + Government Spending + Net Exports = $200 + $50 + $60 - $10 = $300 d. Net Domestic Product = GDP - Depreciation = $300 - $10 = $290 e. National Income = Net Domestic Product + Foreign Factor Income = $290 + $10 = $300
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
Which of the following situations is most likely to result in long-term,
increased sales for a business:
A. Constantly providing new choices for consumers **
B. Raising the price of its current products
C. Lowering the price of its current products
D. Eliminating a slow-selling product line
Answers
Answer:
Constantly providing new choices for consumers.
Explanation:
There is a big competition between the companies and this leads to higher production of the products. So, the companies must provide their consumers with new options if they want to sell the products and make a profit. Only the company that offers a variety of products has a chance of gaining constant profit.
Mario spent a total of $87. 33 last week, but did not keep a perfect record of where his money went. Fortunately, Mario does have all but one of his receipts. He enters all of the information he has into his expense spreadsheet as shown below. A 2-column table with 5 rows. Column 1 is labeled transaction with entries Oil change, gas in car, lunch out, golfing, total spent. Column 2 is labeled amount with entries 18 dollars and 95 cents, 20 dollars and 50 cents, 12 dollars and 68 cents, blank, 87 dollars and 33 cents. How much did Mario spend on golfing? a. $35. 20 b. $45. 20 c. $47. 88 d. $143. 96 Please select the best answer from the choices provided A B C D.
Answers
it is option A
giv me points
Calls for testing new product concepts with groups of target consumers. а Idea screening b Test marketing
c Concept development d Idea generation e Concept testing
Answers
Calls for testing new product concepts with groups of target consumers is a crucial aspect of product development. This process enables businesses to gauge the potential success of their product among their target market before launching it.
It involves presenting the product ideas to a sample of potential consumers and gathering feedback on their perception, willingness to buy, and potential concerns.
Concept testing, as it is commonly referred to, is one of the five stages of the new product development process. The other stages include idea generation, idea screening, concept development, test marketing, and commercialization. Concept testing is the stage where the company tests the product concept to identify any weaknesses or improvements needed before it is introduced into the market.
During concept testing, the company obtains feedback from a representative sample of its target consumers. This feedback is then used to refine the product concept and identify the best possible product offering to bring to the market. This stage is essential to ensure that the company's new product is well-received by its target market and meets their needs and preferences.
In conclusion, calls for testing new product concepts with groups of target consumers are essential in the product development process. It ensures that the product meets the needs of the target market and increases the likelihood of success in the market.T
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot rate (EAR) 1.4% 2.8% 3.6% 4.5% What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)? (answer,0+ decimals)
Answers
Answer: $868
Explanation:
Given the following :
Maturity (years) - - - - - - 1 - - 2 - - - 3 - - - 4
Spot rate (EAR) - - - - 1.4% - 2.8% - 3.6% - - 4.5%
What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)?
Face value / ( 1 + spot rate)^p+1
Where P = year
=1000/(1+3.6%)^4
1000 / ( 1 + 0.036)^4
1000/(1.036)^4
1000/1.151964303616
=$868.08245
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
Answers
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
For most written business communications, the first consideration should be to Multiple Choice present the message in a visually appealing manner. get the message across in an easy-to-read manner. select the facts in a persuasive manner. construct the message in passive voice. demonstrate how much of an expert you are.
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For most written business communications, the first consideration should be to get the message across in an easy-to-read manner. The answer to this question is, "Multiple Choice, get the message across in an easy-to-read manner."
In a business environment, the message is the most important factor in communication. The message must be communicated in a clear, concise, and straightforward manner. Using plain language that everyone can understand is essential. Furthermore, using too much jargon, technical language, or buzzwords is not recommended as it will only serve to confuse the reader.
These elements should be consistent throughout the message and should complement the message rather than distract from it.In conclusion, while it is important to present the message in a visually appealing manner and to demonstrate expertise, the first consideration when creating most written business communications should be to get the message across in an easy-to-read manner.
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