After interest he will pay a total of 3631.88 back to the bank
hope this helps<span />
Answer:
Explanation:
The journal entries are shown below:
On May 2:
Purchase A/c Dr $4,200
To Accounts Payable A/c $4,200
(Being purchase is made on credit)
On May 3:
Freight Inward A.c Dr $290
To Cash A/c $290
(Being freight expenses are paid in cash)
On May 5:
Accounts payable A/c Dr $350
To Purchase return $350
(Being purchase return is recorded)
On May 10:
Accounts payable A/c Dr $3,850
To Cash A/c $3,773
To Discount $77
(Being full amount is paid and the remaining balance is credited to the cash account)
The discount is computed below:
= (Purchase - purchase return) × discount rate
= ($4,200 - $350) × 2%
= $3,850 × 2%
= $77
On May 30:
Accounts receivable A/c Dr $4,900
To Sales revenue $4,900
(Being sales is recorded)
Answer:The holder of a call or put option must exercise the right to sell or buy an asset.
Explanation:The holder of a right or put option has the right to exercise that power but it is not a mandatory right,he or she can decide not to exercise that power.
All other options are correct, a call or gives the holder the right to buy an asset at a certain date and at a specific price.
A put option gives the holder the right to sell an asset at a specific date and price.
The holder of a forward contract is obligated to buy or sell an asset.
Answer:
Option (C) is correct.
Explanation:
The dollar profit/loss and holding period return is computed as follows:
Dollar profit/loss will be:
= Stock sold one year later - Purchasing price of stock + Dividend paid
= $51.38 - $47.50 + $0.72
= $4.60
Holding period return will be:
= (Stock sold one year later - Purchasing cost of stock + Dividend paid
) ÷ Purchasing price of stock
= ($ 51.38 - $ 47.50 + 0.72) ÷ $47.50
= 9.68% Approximately
So, the correct answer is option C i.e. $4.60 ; 9.68%
The technique that the artist is using could be described as the alla prima technique in which it is often used in paintings such as the oil paintings. It is a painting technique that uses wet paint to be able to give out its spontaneous and fuzzy look. The wet paints that are being applied to the portrait has many layers to show its structure or the beauty of the technique.
