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2 years ago

For a single working adult, what is typically the largest item in their budget?

Business

2 answers:

Serhud [2]2 years ago

7 0

Hmmmm to me i think is there apt or house but idk

blondinia [14]2 years ago

3 0

Maybe a house, providing for the kids, or a car.

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Partial balance sheets and additional information are listed below for Monaco Company. Monaco Company Partial Balance Sheets as

Studentka2010 [4]

Answer:

Net Purchases = Cost of goods sold - Decrease in Inventory

= $308,000 - $16,500

= $291,500

Cash paid to Suppliers = Net Purchases + Decrease in accounts Payable

= $291,500 + $13,500

= $305,000

The summary entry is as follows:

Merchandise Inventory A/c Dr. $291,500

Accounts payable A/c Dr. $13,500

To cash $305,000

(To record the amount of cash paid to merchandise suppliers during 2018)

5 0

2 years ago

Your investment bank has an investment of $100 million in the stock of the Swiss Roll Corporation and a short position in the st

stealth61 [152]

Answer:

hello your question is incomplete below is the complete question and the missing table

Your investment bank has an investment of $100 million in the stock of the Swiss Roll Corporation and a short position in the stock of the Frankfurter Sausage Company. Here is the recent price history of the two stocks: on the evidence of these six months how large would your short position in Frankfurter sausage needed to be to hedge you as far as possible against movements in the price of swiss Roll

answer : $42003667

Explanation:

$100 million in stocks

According to the data provided in the table attached below, to short the Frankfurt in order to hedge investment in Rolls is calculated below

we have to calculate the total return on both Roll corporation and Frankfurter sausage

for f-sausage

∑ (1 + monthly returns ) / 100

= ( 1 - 0.1 + 1 - 0.1 .... + 1 + 0.1 ) = -0.0297 = -2.97%

for Roll corporation

∑ (1 + monthly returns ) / 100

= ( 1 - 0.1 + 1 - 0.05 .... + 1 + 0.1 ) = -0.012475 = - 1.24%

next we will calculate the total loss inquired when investing in Roll corporation

Total loss = percentage loss * total investment

= 0.012475 * $100 million = - $ 1247500

we will have to offset the loss by shorting investments in F sausage

hence : $1247500 = investment in sausage * total return

1247500 = investment in sausage * 0.0297 ( The total return of F sausage is positive because it was a short position )

hence short investment in F sausage to offset loss incurred in ROLLS INVESTMENT

= 1247500 / 0.0297 = $42003667

8 0

2 years ago

You have received a share of preferred stock that pays an annual dividend of $10. Similar preferred stock issues are yielding 22

Blizzard [7]

Answer:

The value of this share of preferred stock is $44.44

Explanation:

Dividend = $10

Yield= 22.5% = 0.225

Value of share of preferred stock = Dividend / Preferred stock yield

=$10/0.2250

=$44.44444

=$44.44

6 0

2 years ago

A trucking firm has a current capacity of 200,000 cubic feet. A large manufacturer is willing to purchase the entire capacity at

QveST [7]

Answer:

The Manager should save 45,223 cubic feet of capacity for the spot market.

Explanation:

Solution

Let us consider the following information:

The bulk contract cost, cb is 0.10 per cubic foot per day

$0.13 per cubic foot per day

The mean demand μ = 60,000

Standard deviation σ = 20,000

The current capacity is 200,000 cubic feet

Now,

let us determine the optimal value by applying the formula shown below.

p = cs- cb/ cs ------(1)

Let also calculate the trucking capacity that should be saved for the spot market

Q =NORMINV (p, μ,σ )------(2)

Thus, we substitute the values in the equation (1) given below:

cs = 0.13, cb =0.10

p =0.13-0.10/0.13

=0.03/0.13

=0.23

Now, substitute the obtained value of p in equation (2) with μ = 60,000 and σ = 20,000

Q = NORMINV (0.23, 60,000, 20,000)

= NORMINV (0.23, 60,000, 20,000

= 45223.06

= 45,223

Therefore the Manager should save 45,223 cubic feet of capacity for the spot market.

7 0

2 years ago

What are the likely reason(s) that the market for electricity is not perfectly competitive? Please select all that apply.

Ulleksa [173]

Answer:

The correct answer is option C and D.

Explanation:

A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.

The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.

5 0

2 years ago