Answer: $0
Explanation:
Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.
This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.
Answer:
Rent Versus Buy. Alex Guadet of Nashville, Tennessee
b. Computation of Interest payable by Alex during the first year of the loan:
Interest = Net Mortgage amount x rate of interest
= ($148,300 x 5%)
= $7,415
Explanation:
a) Data and Calculation:
Mortgage amount = $150,000
Principal Reduction 1,700
Net Mortgage $148,300
b) Mortgage Interest is calculated as the Mortgage amount minus any reduction in the principal amount, multiplied by the interest rate. The interest represents the cost of capital that Alex pays for taking a mortgage on the property. For the bank, the interest represents the benefit for lending the mortgage loan to Alex.
Answer:
$19,462
Explanation:
The computation of the cash and cash equivalent is shown below:
= Cash in bank account + Money market fund balance + petty cash balance + money orders
= $6,455 + $12,400 + $350 + $257
= $19,462
It includes only cash in bank account, balance in money market, petty cash balance and the money orders
All other information which is given is not relevant. Hence, ignored it
Answer:
Securities and exchange commison(SEC).
Explanation:
When a student acquired college degree in book keeping for four years, a certification as a certified public accountant (CPA) will increase his/her chances of getting job openings and also enable filing of reports with securities and exchange commission(SEC).
In order to be known as a CPA, one has to write and pass the examinations and get endorsed before being allowed to file reports with the commission.
I know this is a bit late, but I would go with marine biology. All of the other jobs are really hands on.
