Marigold Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 96000 subscriptions in January at $20 each. What entry is made in January to record the sale of the subscriptions

Answers

Answer 1

Answer:

Dr Cash $1,920,000

Cr Unearned Subscription Revenue $1,920,000

Explanation:

Since The magazine sells 96,000 subscriptions in January at the amount of $20 each which means that the appropriate journal entry that made in January to record the sale of the subscriptions will be

Dr Cash $1,920,000

Cr Unearned Subscription Revenue $1,920,000

(96000*$20)

(To record the sale of the subscriptions)


Related Questions

Payton Inc. reports in its Year 7 annual report, sales of $7,362 million and cost of goods sold of $2,945 million. For next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for Year 8 will be:

Answers

THe answer is scjkgnsgjnDVDJ

Central Park Inc. is a company that sells women's clothing. It recently shut down its physical store and is operating as an app-based store now. The app allows users to access the store's products anytime and anywhere using their cell phones, and it also has features that allow users to compare the prices of similar products across different online stores. This scenario exemplifies _______.

Answers

Answer:

M-commerce

Explanation:

Since in the given situation it is mentioned that Central Park Inc sells the women clothing and currently they shut down the physical store and they are operated now through app based. With this feature, anyone could access anywhere via using the mobile phones also at the same time the customer compared the prices

So this situation represent the mobile commerce or M -commerce as the people can access this from anywhere at any time, it is easy to use also it save the cost and time

Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. Assume that Sam has an upward-sloping labor supply curve. If the opportunity cost of Sam's leisure time increases, he will respond by working:__________

Answers

Answer:

more hours

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours

A brewery produced regular beer and a low carb "light beer". Steady Customers of the brewery buy 10 units of regular beer and 15 units of light beer monthly. While setting up the brewery to produce extra beer, beyond that needed to satisfy customers. The cost per unit of regular is $32,000 and the cost per unit if light beer is $50,000. Every unit of regular beer brings in $120,000 in revenue, while every unit of light beer brings in $300,000 in revenue. The brewery wants at least $9,000,000 in revenue. At least 20 additional units of beer can be sold (a) How much of each type of beer should be made so as ti minimize total production cost (b) Suppose the minimum revenue is increased to $9,500,000.Calcualte the total production cost

Answers

Answer:

                                                Regular     Low Carb      Total

a) Units to be produced               20              22             42

(to minimize total production cost)

b) Total production costs    $704,000   $1,150,000   $1,854,000

Explanation:

a) Data and Calculations:

                                                Regular     Low Carb

Monthly customers demand         10              15

Ratio of customers demand        40%           60%

Cost per unit                           $32,000      $50,000

Revenue per unit                    120,000      300,000

Contribution per unit            $88,000    $250,000

Total required revenue = $9,000,000

With 20 additional units of beer, total units produced = 45 (25 + 20)

To minimize production costs and generate a total revenue of $9,000,000, more of the units that cost less should be produced.  Units should be produced according to the following ratio:

                                                   Regular       Low Carb       Total

New Production and Sales units  20                   22             42

                                         

Total production cost =       $640,000         $1,100,000         $1,740,000

                                       ($32,000 * 20)       ($50,000 * 22)

Total revenue =               $2,400,000        $6,600,000     $9,000,000

                                      ($120,000 * 20)      ($300,000 * 22)

To achieve a minimum revenue of $9,500,000,

New production units                  22                   23                  45

Total production cost =     $704,000         $1,150,000        $1,854,000

Total revenue =                2,640,000         6,900,000         9,540,000

Hillary considers herself a shrewd commodities investor. She bought a May cotton contract​ (50,000 pounds) at a​ pound, and later sold it at a pound. What were her profit and her return on invested capital if her initial margin was and the size of a cotton futures contract is​ 50,000 pounds of​ cotton?

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, the profit will be calculated as:

Profit = (Selling price - Buying Price) × Size

= ($0.6485 - $0.6264)*50,000

= $0.0221 × 5000

= $1,105

Then, the return on the invested capital will be:

= Profit/Initial Margin

= 1105/1060

= 1.0425

= 104.25%

Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuances during the entire year of construction: $6,000,000 face value, 8% interest $8,000,000 face value, 9% interest None of the borrowings were specified for the construction of the qualified fixed asset. Average expenditures for the year were $1,000,000. What interest rate should Sun use to calculate capitalized interest on the construction

Answers

Answer:

the interest rate that should be determined the capitalized interest is 8.57%

Explanation:

The computation of the interest rate that should be determined the capitalized interest is shown below;

= $6,000,000 ÷ ($6,000,000 + $8,000,000) × 0.08 + $8,000,000 ÷  ($6,000,000 + $8,000,000) × 0.09

= 0.0857

= 8.57%

Hence, the interest rate that should be determined the capitalized interest is 8.57%

The same would be considered

Information related to plant assets, natural resources, and intangible assets at the end of 2022 for Tamarisk, Inc. is as follows: buildings $1,140,000, accumulated depreciation—buildings $652,000, goodwill $421,000, coal mine $509,000, and accumulated depletion—coal mine $107,000. Prepare a partial balance sheet of Tamarisk, Inc. for these items.

Answers

Answer:

Partial balance sheet of Tamarisk, Inc.

Non Current Assets :

Buildings                                                          $1,140,000

Less accumulated depreciation—buildings  ($652,000)  $488,000

Coal mine                                                          $509,000

Less accumulated depletion—coal mine       ($107,000)  $402,000

Goodwill                                                                                $421,000

Total                                                                                      $1,311,000

Explanation:

The Items above are Non- Current Assets. Non Current Assets are resources expected to generate economic benefits for a period exceeding 12 months.

It is important when regulating a market with a natural monopoly to maintain on going business incentives for the firm involved. A cost-plus approach to regulating a market does not provide this. What would a benefit to not utilizing a cost plus approach to regulation be

Answers

Answer:

The natural monopoly will have incentives for efficiency and innovation

Explanation:

Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.

In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.

Reineke Company's chart of accounts includes the following selected accounts.

101 Cash 201 Account payable
120 Inventory 306 Owner's drawings
130 Prepaid insurance 505 Cost of Goods sold
157 Equipment

On October 1, the accounts payable ledger of Sheridan Company showed the following balances: Uggla Company $2,500, Orr Co. $2,510, Rosenthal Co. $1,770, and Clevenger Company $3,750. The October transactions involving the payment of cash were as follows.

Oct. 1 Purchased merchandise, check no. 63, $310.
3 Purchased equipment, check no. 64, $840.
5 Paid Uggla Company balance due of $2,500, less 2% discount, check no. 65, $2,450.00.
10 Purchased merchandise, check no. 66, $2,270.
15 Paid Rosenthal Co. balance due of $1,770, check no. 67.
16 C. Sheridan, the owner, pays his personal insurance premium of $450, check no. 68.
19 Paid Orr Co. in full for invoice no. 610, $2,200 less 2% cash discount, check no. 69, $2,156.00.
29 Paid Clevenger Company in full for invoice no. 264, $2,580, check no. 70.

Required:
Journalize the transactions above.

Answers

Answer:

Reineke Company

Journal Entries:

Oct. 1 Debit 120 Inventory $310

Credit 101 Cash $310

To record the purchase of merchandise via check no. 63

Oct. 3 Debit 157 Equipment, $840

Credit 101 Cash $840

To record the purchase of equipment via check no. 64

Oct. 5 Debit 201 Accounts payable (Uggla Company) $2,500

Credit Cash $2,450

Credit Cash Discounts $50

To record payment on account, less 2% discount, check no. 65

Oct. 10 Debit 120 Inventory $2,270

Credit 101 Cash $2,270

To record the purchase of inventory via check no. 66.

Oct. 15 Debit 201 Accounts payable (Rosenthal Co.) $1,770

Credit 101 Cash $1,770

To record the payment on account by check no. 67.

Oct. 16 Debit 306 Owner's Drawings $450

Credit 101 Cash $450

To record C. Sheridan's payment for his personal insurance premium of $450, check no. 68.

Oct. 19 Debit 201 Accounts payable (Orr Co.) $2,200

Credit 101 Cash $2,156

Credit Cash Discounts $44

To record full payment for invoice no. 610, less 2% cash discount, using check no. 69.

Oct. 29 Debit 201 Accounts payable (Clevenger Company) $2,580

Credit 101 Cash $2,580

To record full payment for invoice no. 264, by check no. 70.

Explanation:

a) Data and Calculations:

Chart of Accounts:

101 Cash  

120 Inventory

130 Prepaid insurance

157 Equipment

201 Account payable

306 Owner's drawings

505 Cost of Goods sold

Accounts Payable balances:

Uggla Company $2,500

Orr Co. $2,510

Rosenthal Co. $1,770

Clevenger Company $3,750

Transactions Analysis:

Oct. 1 120 Inventory $310 101 Cash $310 check no. 63

Oct. 3 157 Equipment, $840 101 Cash $840 check no. 64

Oct. 5 201 Accounts payable (Uggla Company) $2,500 101 Cash $2,450 Cash Discounts $50, less 2% discount, check no. 65

Oct. 10 120 Inventory $2,270 101 Cash $2,270 check no. 66, $2,270.

Oct. 15 201 Accounts payable (Rosenthal Co.) $1,770 101 Cash $1,770, check no. 67.

Oct. 16 306 Owner's Drawings $450 101 Cash $450 for his personal insurance premium of $450, check no. 68.

Oct. 19 201 Accounts payable (Orr Co.) $2,200 101 Cash $2,156 Cash Discounts $44 for invoice no. 610, $2,200 less 2% cash discount, check no. 69, $2,156.00.

Oct. 29 201 Accounts payable (Clevenger Company) $2,580 101 Cash $2,580 for invoice no. 264, $2,580, check no. 70.

cegg The change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the Group of answer choices shadow price. objective function coefficient. None of the choices listed here. allowable increase. restrictive cost.

Answers

Answer:

Shadow price

Explanation:

A shadow price can be understood as the hypothetical price for everything that is n't currently priced or distributed in the economy. It's commonly utilized in cost analysis to measure intangible properties, and it could also be utilized by analysts to determine the actual worth of a commodity market share or even to value spillovers.

Thus, from the above we can conclude that the correct answer is shadow price.

View Point Industries has forecasted a rate of return of 20.00% if the economy booms (25.00% probability); a rate of return of 15.00% if the economy is in a growth phase (45.00% probability); a rate of return of 2.50% if the economy is in decline (20.00% probability); and a rate of return of -15.00% if the economy is in a depression (10.00% probability). What is View Point's standard deviation of returns

Answers

Answer: 10.46%

Explanation:

Based on the information given in the question, View Point's standard deviation of returns will be calculated thus:

Firstly, we have to calculate the expected rate of return which will be the respective returns multiplied by the respective probabilties and this will be:

= (0.2 × 0.25) + (0.15 × 0.45) + (0.025 × 0.2) + (-0.15 × 0.10)

=10.75%

Then, we'll calculate the total probability and this will be:

= [0.25 × (20 - 10.75)²] + [0.45 × (15 - 1.75)²] + [0.2 × (2.5 - 10.75)²] + [0.1 × (-15 - 10 75)²]

= 21.3906 + 8.1281 + 13.6125 + 66.3063

= 109.7375%

Therefore, View Point's standard deviation of returns will be:

= [Total of Probability × (Return-Mean)²/✓Total probability

=10.46%

Consumers know that some fraction x of all new cars produced and sold in the market are defective. The defective ones cannot be identified except by those who own them. Cars do not depreciate with use. Consumers are risk-neutral and value nondefective cars at $10,000 each. New cars sell for $8,000 and used ones for $2,000. (Note that since buyers are risk-neutral, the price of a new car reflects the expected value of purchasing a car that may or may not be defective.)What is the fraction x?Instructions: Enter x as a number rounded to two decimal places. For example, if x = 1/3 enter 0.33.

Answers

Answer:

0.25

Explanation:

Given :

The [tex]$\text{consumers value}$[/tex] the non defective cars = [tex]$\$ 10,000$[/tex]

We will consider all the defective [tex]$\text{ cars are used cars}$[/tex] only. This is only because the value of the used car is $ 2000 and it is lower than the price of a good car that is $10,000. Thus only defective cars are being sold as the old cars.

For a risk neutral customer, the price that he is ready to give for the new car is the reservation price of a non defective car. It means that (the amount of $ 8000 is the value of the good car x chances of getting a good car) +( the value of the bad car x chances of getting a bad car).

Since we know that x is the fraction of all the cars sold in the market are defective, it means that the fraction of the good cars is 1 - x. Thus putting the values,

[tex]$x\times 2000+(1-x)\times 10000=8000$[/tex]

[tex]$10000-8000x=80000$[/tex]

[tex]$8000x=2000$[/tex]

[tex]$x=\frac{2}{8}$[/tex]

  = 0.25

Thus the value of :

[tex]$x=\frac{2}{8} = 0.25$[/tex]

Dean Company has sales of $163,000, and the break-even point in sales dollars is $102,690. Determine the company's margin of safety percentage. Round answer to the nearest whole number. fill in the blank 1 %

Answers

Answer:

37%

Explanation:

The Dean company has sales of $163,000

The break even point in sales dollars is $102,690

Therefore, the company's margin of safety can be calculated as follow;

Margin of safety = (Sales - Break even sales ) / Sales

Margin of safety = ($163,000 - $102,690) / $163,000

Margin of safety = $60,310 / $163,000

Margin of safety = 0.37 × 100

Margin of safety = 37%

A city government adds streetlights within its boundaries at a total cost of $300,000. These lights should burn for at least 10 years but can last significantly longer if maintained properly. The city develops a system to monitor these lights with the goal that 97 percent will be working at any one time. During the year, the city spends $48,000 to clean and repair the lights so that they are working according to the specified conditions. The city also spends another $78,000 to construct lights for several new streets. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government-wide financial statements.

Answers

Answer: See explanation

Explanation:

a. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements.

1. Debit: Infrastructure assets—street lights $300,000

Credit: Cash $300,000

(To record cash purchase of street light

2. Debit: Depreciation expense $300,000/10 = $30,000

Credit: Accumulated depreciation—infrastructure assets $30,000

(To record depreciation expense)

3. Debit: Maintenance expense—infrastructure assets $48000

Credit: Cash $48000

(To record maintenance expense)

4. Debit: Infrastructure assets—street lights $78000

Credit: Cash $78000

(To record cash expense for new light)

b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government-wide financial statements.

1. Debit: Infrastructure assets—street lights $300,000

Credit: Cash $300,000

(To record purchase of street light)

2. Debit: Maintenance expense—infrastructure assets $48000

Credit: Cash $48000

(To record maintenance expense)

3. Debit: Infrastructure assets—street lights $78000

Credit: Cash $78000

(To record cash expense for new light)

Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $179,850. The equipment will have an initial cost of $545,000 and have a 7 year life. If the salvage value of the equipment is estimated to be $34,000, what is the accounting rate of return

Answers

Answer:

So, accounting rate of return = 33 %

Explanation:

given data

net income after tax = $179,850

initial cost = $545,000

time = 7 year

salvage value = $34,000

we will get here  the accounting rate of return

solution

as we know that accounting rate of return is express as

accounting rate of return = Net income ÷ initial investment    .................1

put here value and we get

accounting rate of return = [tex]\frac{179850}{545000}[/tex]  

So, accounting rate of return = 33 %

65 employees have earned two weeks of vacation time to be taken the following year. If the average weekly salary for these employees is $900, what is the required journal entry to accrue compensated absences

Answers

Answer: Debit Salaries and Wages Expense $117000

Credit Salaries and Wages Payable $117000

Explanation:

Based on the information given in the question, the required journal entry to accrue compensated absences will be as follows:

First, we need to know the amount of the compensated absence which will be:

= 65 employees × $900 × 2 Weeks vacation

= $117000

Therefore, the journal entry is:

Debit Salaries and Wages Expense $117000

Credit Salaries and Wages Payable $117000

Zonk Company needs to raise $47.5 million to fund a new project. The company will sell shares at a price of $27.90 in a general cash offer and the company's underwriters will charge a spread of 6 percent. The direct flotation costs associated with the issue are $650,000. How many shares need to be sold?

Answers

Answer:

Zonk Company

The number of shares that needs to be sold is:

= 1,842,569 shares.

Explanation:

a) Data and Calculations:

Amount needed to fund a new project = $47,500,000

Selling price per share = $27.90

Proceed per share after underwriter's spread = $26.132 ($27.80 * (1 - 0.06)

Underwriters spread per share = 6% * $27.80 = $1.668

Direct flotation costs = $650,000

Number of shares to float = ($47,500,000 + $650,000)/$26.132

= 1,842,569 shares

Expanded Proof:

Proceeds from share issue = $51,223,418 (1,842,569 * $27.80)

less underwriter's spread =      3,073,405 (1,842,569 * $1.668)

Net proceeds before flotation $48,150,013

less direct flotation costs =           650,000

Funds raised =                         $47,500,013

Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $2.20. What was the growth rate in earnings per share (EPS) over the 10-year period?

Answers

Answer:

they will earn 5$ eps over the 10 year period

Explanation:

hope it helps

A new accountant, Costa Goodsold, put together a preliminary version of Medina Co.'s financial statements. Medina's Net Income was $500, its Depreciation Expense was $100, and its Cash Flow from Operations was $70. The CEO found an error that Costa made in computing straight-line Depreciation Expense, which should have been $50. What is Medina's Cash Flow from Operations after fixing this mistake

Answers

Answer:

the cash flow from operation after fixing the mistake is $20

Explanation:

The computation of the cash flow from operation after fixing the mistake is as follows;

Cash flow from operations $70

Less; Depreciation expense -$100

Add: Depreciation expense $50

Net Cash flow from operations $20

Hence, the cash flow from operation after fixing the mistake is $20

The same is to be considered and relevant

Bethany’s regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a January pay period, Bethany works 50 hours. Bethany’s federal income tax withholding is $99, and she has no voluntary deductions. Compute Bethany’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%.

Answers

Answer and Explanation:

The computation of the gross earnings and the net pay is shown below;

Gross pay = Regular pay + Overtime pay

= (40 × $12) + (50 - 40) × $18

= $480 + $180

= $660

 Net pay = Gross pay - FICA taxes - Federal income taxes withholding

= $660 - ($660 × 7.65%) - $99

= $510.51

Hence, the same is to be considered and relevant

When suppliers collaborate with the firm overall performance has been known to improve up to _________

Answers

Hi, you've asked an incomplete question. Answered from a general business perspective.

Explanation:

Note, a firm may measure its overall performance using some of the metrics below:

amount of sales in dollarsthe total cost of production,production capacity, etc.

Only when the firm's suppliers are reliable, affordable, and efficient, would the firm be able to meet their product demand.

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $ 31,000​ Number of employees
Depreciation 20,500​ Cost of goods sold
Advertising 41,500​ Net sales
Item Drilling Grinding Total
Number of employees 1080​ 1620​ 2700​
Net sales 326,625​ 477,375​ 804,000​
Cost of goods sold 76,500​ 127,500​ 204,000​
The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)
a) $56,054.
b) $46,204.
c) $93,000.
d) $36,954.
e) $600,000.

Answers

Answer:

a) $56,054.

Explanation:

The computation of the amount of the total office expenses that should be allocated to Grinding for the current period is shown below:

= Salaries + Depreciation  + Advertising

= (31,000 ÷ 2700) × 1620 + (20,500 ÷ 204,000) × 127,500 +  (41,500 ÷ 804,000) × 477,375

= $56,054

Hence, the first option is correct

An overly optimistic sales budget may result in Group of answer choices increases in selling prices late in the year. insufficient inventories. increased sales during the year. excessive inventories.

Answers

Answer:

excessive inventories.

Explanation:

If there is an overall optimistic sales budget so there would be the excessive inventories as the sales budget predicts that in the future the number of units is to be sold for the given period of time. And, when this budget would be optimistic so it over predicted the sales due to this there would be the chances of the excessive inventories

hence, the last option is correct

g Suppose a bond is priced at $1035, has 12 years remaining until maturity, and has a 12% coupon, paid monthly. What is the amount of the next interest payment (in $ dollars)

Answers

Answer:

$10

Explanation:

As the bond is priced at $1035, the par value is $1000.

Calculation of the amount of the next interest payment

= Par value * Coupon rate/12

= $1000 * 12%/12

= $1000 * 1%

= $10

So, the amount of the next interest payment is $10.

Terp Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000 cash which was borrowed from a bank. Sold investment securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. The net cash used in financing activities for 2021 was

Answers

Answer:

$1,600,000

Explanation:

Cashflow from financing activities

Dividends                                 ($1,200,000)

Issue of Stocks                            $500,000

Bank Loan Repayment             ($900,000)

Net Cash flow                          ($1,600,000)

thus

The net cash used in financing activities for 2021 was $1,600,000

Unearned revenue: the company collected 24,000 rent in advanced on September 1, debiting cash and crediting unearned rent revenue. The tenant was paying 12 months rent in advance and occupancy began september 1.

Answers

Answer:true

Explanation:

true

Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 84,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,800 shares of common stock at $6.00 per share. Issued 20,400 shares of common stock at $8.20 per share. Reported a net income of $108,000. Paid dividends of $59,000. Purchased 3,100 shares of treasury stock at $10.20 (part of the 20,400 shares issued at $8.20). What is total shareholders' equity at the end of 2021

Answers

Answer:

$249,460

Explanation:

Calculation to determine the total shareholders' equity at the end of 2021

Issued of stock $64,800

(10,800 shares * $6.00 per share)

Issued of stock $167,280

(20,400 shares * $8.20 per share)

Net income $108,000

Less dividends ($59,000)

Less Treasury stock $31,620

( 3,100 shares* $10.20)

Total shareholders' equity $249,460

Therefore total shareholders' equity at the end of 2021 is $249,460

Assume that interest rate parity (IRP) exists. You expect that the one-year nominal interest rate in the U.S. is 7%, while the one-year nominal interest rate in Australia is 11%. The spot rate of the Australian dollar is $0.60. You will need 10 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract

Answers

Answer:

US $5,784,000

Explanation:

As per interest rate parity, forward rate = Spot rate*(1+Interest rate U.S.)/(1+interest rate Australia)

= 0.60*(1.07)/(1.11)

= 0.5784 /A$

Australian Dollars required in one year = 10,000,000

U.S. Dollars required = 10,000,000 * 0.5784 /A$

U.S. Dollars required = $5,784,000

So, the number of U.S. dollars you will need in one year to fulfill the forward contract is 5,784,000.

Assuming that the term structure of interest rates is determined as posited by the pure expectations theory, which of the following statements is CORRECT? a. Inflation is expected to be zero. b. Consumer prices as measured by an index of inflation are expected to rise at a constant rate. c. The maturity risk premium is assumed to be zero. d. In equilibrium, long-term rates must be equal to short-term rates. e. An upward-sloping yield curve implies that future short-term rates are expected to decline.

Answers

Answer:

c. The maturity risk premium is assumed to be zero.

Explanation:

In the case when the term structure of the rate of interest would be measured via the pure expectations theory so here the maturity risk premium would be zero as under this theory it is assumed that the risk premium i.e. of the long term would be equivalent to the zero

Therefore the option c is correct

And, the rest of the options seems wrong

Preventive maintenance of a system involves ________. Select one: a. making enhancements to improve processing performance or interface usability b. making changes to an information system to repair flaws in the design c. making changes to a system to reduce the chance of future system failure d. making changes to an information system to accommodate changing business needs e. adding desired, but not necessarily required, system features

Answers

Answer:

c

Explanation:

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