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Homework#2 - 150 Points Total
*Due in class
on March 19
th
. Please type as much as possible of your answers using your
computer, to aid grading. Whenever needed (e.g., if you need to write equations), feel free to do
so by hand. Bear in mind that if these equations are difficult to read, I may not understand what you wrote.
**You may work in groups of up to 4 people
. If you work in a group, you should submit only
one copy of the homework. Make sure each one of you is listed at the top of the page (with their
full names, and email address clearly legible). To keep things simple I am going to ask that if
you plan on working with others, you choose from colleagues in your same section. Note:
Working in group is not a requirement, and I do not grade homework submitted by individuals
differently from homework submitted by groups.
***Please print this HW one-sided and write in the space provided (I will try to leave plenty of space, but use an additional page if you need to). ****Please show all work for full credit!
Q1 (20 points)
The current spot price of gold is $1,315 per ounce. The 11-month risk free rate is 0.75% (annualized, continuously compounded). Your broker quotes you an 11-month futures contract at $1,391. Assume storage costs are $0.23 monthly per ounce, paid at the end of the storage period. What is the correct theoretical futures price? What is the arbitrage trade/profit (per contract) using the price you were quoted? (Reminder: gold contracts are based on 100 ounces of gold)
Q2 (25 points)
You are looking at options on Dumbledore Corporation with 14 months until expiration and a strike price of $85. The risk free rate for 14 months is 4.5% (annualized with continuous compounding). The firm is not expected to pay any dividends over the next 14 months, and the current stock price is $92.78. The price of the call option is $13.06 and the put option is $2.11. Find the arbitrage trade given these prices and show the profit for each contract.
(additional space for Q2)
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1. Journal all transactions in Part One 2. Using the chart of accounts, open ledger accounts and post journals to the ledger account. 3. Prepare a trial balance 4. Prepare the following statements: 1. Income Statement 2. Retained Earnings Statements 3. Balance Sheet You need to use Microsoft Excel. Do not use Google Docs or Apple’s numbers. Place your submission in the appropriate journal labeled final project in the learning modules tab in Blackboard. The project is due in Module 15. Three points extra credit to final grade if submitted during Module 14. Part One A. The following transaction occurred for Scrooge Inc. for the month of December 31, 1820. B. Ebenezer Scrooge invested $50,000 cash along in the company in exchange for common stock. C. The company prepaid $500 for 12 month’s rent. D. The company purchased $100 in office supplies. Payment due withing 10 days E. Scrooge Inc. completed services for a client and immediately received $2,000. F. The company completed $1,500…
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Course Messages Forums Calendar | Gradebook
Home > Math 173-4 Spring 2024> Assessment
Quiz 2 (Sec. 1.5-1.7)
54 points possible 5/12 answered
Question 6
The graph of the function
y = f(x - 39)
can be obtained from the graph of
y = f(x)
by one of the following actions:
> Next Question
Home | My
Oshifting the graph of f(x) to the right 39 units
shifting the graph of f(x) to the left 39 units
shifting the graph of f(x) upwards 39 units
shifting the graph of f(x) downwards 39 units
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For you performance task#2 identify what do the underline words refered to Miriam deposite an amount of php89632.37 from abc bank on the 7th birthday of her daughter that pays 1% interest compounded anually she received an amount of php100000 on the 18th birthday of her daughter
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Connect Problem 01-13 (algo)
Next Friday, you plan to sell cakes at a bake sale to raise money for your school. You plan to charge $30 per cake, and you anticipate
that you will sell 10 cakes. You can either purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $23
each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below.
Number of cakes
you bake
Bake
$
0
1
2
3
4
5
6
7
8
9
10
a. How many cakes should you bake? How many cakes should you purchase?
Instructions: Enter your answer as a whole number.
cake(s) and purchase
cake(s).
b. Given your answer to part a, how much in total will the 10 cakes cost you?
Instructions: Enter your answer as a whole number.
Total cost of
baked cakes ($)
0
10
22
36
52
70
90
112
136
162
190
c. How much would it have cost you to bake all 10 cakes?
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The following  transactions occurred for Lawrence engineering
Post the transactions to the T-accounts
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Thank you!
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* CengageNOWv2 | On x
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B Milestone Two Guidel
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blem Set: Mod x
now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres..
eBook
Show Me How
Proceeds from Notes Payable
On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $48,000. Assume a 360-day year.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%.
b. Determine the proceeds of the note, assuming the note is discounted at 6%.
Check My Work
The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is walking away with in cash on
merchandise.
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3
3
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C
2
4
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= Homework: Homework 3
Using the simple interest formula, determine the number of days until $1256.00 will earn $22.14 interest at 8-% p.a.
The number of days required is
(Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)
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Question Help ▼
ring the first month of operations, Johnson Services, Ic., completed the following transactions:
(Click the icon.to view the transaction data.)
ead the requirements.
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s. Exclude explanations from journal entries.)
Lequirement 1. Record each transaction in the
Mar 2: Johnson Services received $62,000 cash
Mar 2 Johnson Services received $62,000 cash and issued common stock to the
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stockholders.
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Date
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v Unit
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7) Choose the best answer.
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Round your answers to two decimal places, if necessary.
At the beginning of each of the last three years, Lucas put $7,000 from his earnings as a waiter into a
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2
3
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Amount deposited
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$7,000
$7,000
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$7,000
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a) Will credit cards help? The average undergraduate student leaves college with a diploma and
around $2750 in credit card debt (graduate students; $4800). Suppose you have a credit card with a
balance of $2750 and an interest rate of 19.8% APR. The minimum payment is $45.00. The amount
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where r is the rate (decimal form) and n is
12. Fill in the table, making minimum payments.
Current
balance
Month
Interest
Payment
Amount applied to principal
1
$2750.00
$45.38
$45.00
-$0.38
$2750.38
$45.00
$45.00
4
$45.00
$45.00
$45.00
$45.00
8.
$45.00
9.
$45.00
10
$45.00
11
$45.00
12
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FMfcgxwLsmmztLTTFHnxfgtfwHRqwdvc?projector=18&messagePartld=0.3
Homework Assignment #3 Due in drop box 4/8 by 11:59 p.m.
Chapter 6
2. John Walters is comparing the cost of credit to the cash price of an item. If John makes an $80
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Chapter 7
7. Which mortgage would result in higher total payments?
Mortgage A: $985 a month for 30 years
Mortgage B: $780 a month for 5 years and $1,056 for 25 years
end
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BAB110 NII, W22
Question 12, 6.4a
HW Score: !
= Homework: Homework 2
Part 1 of 2
O Points:
Find the rate of markdown and the markdown.
Regular Selling
Price
$31.20
Rate of
Markdown
Markdown
Sale Price
?
$18.70
The rate of markdown is %.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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X
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Chapter: Recording Business TraNSACTIONS
Sep. 1
hed:course:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pe
6
7
Proble X
P-F:2-30A. Journalizing transactions, posting journal entries to T-
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30
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X
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Excel.
Pedro's Meal Expenses for May 2020
Monday Tuesday Wednesday Thursday Friday
Sunday
Saturday
Total
P100.00
P120.00
4
6
8
P120.00
P120.00
P100.00
P120.00
P100.00
P120.00
P150.00
10
11
12
13
14
15
16
P100.00
P110.00 P110.00
P120.00
P120.00
P110.00
P120.00
17
18
19
20
21
22
23
P150.00
P110.00
P110.00
P110.00
P100.00
P120.00
P150.00
24
25
26
27
28
29
30
P100.00
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Course: Intro Fin Acc- Bus 28
WileyPLUS
Exercise 9-5 (Part Level Submission)
Math Problem Solver and Caiculator
Print by: 13111810287 Vera Maria Fonda
50077495-50077495MJNV1W09_C:Intro Fin Acc - Bus 28 / Chapter 9a
*Exercise 9-5 (Part Level Submission)
Windsor Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of R$245,210. Over its 7-year useful life, the bus is expected to be
driven 170,600 miles. Residual value is expected to be R$14,900.
V Your answer is correct.
Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. e.50.)
Depreciation cost per unit
RSL.35
per mile
Attempts: 1 of 2 used
Mari
1181
*(b)
Prepare a depreciation schedule assuming actual mileage was 2017, 42,900; 2018, 49,500; 2019, 42,300; and 2020, 35,900. (Round answers to o decimal places, e.g. 2,125 except Depreciation
Cost /Unit.)
reen Sh
1222
End of Year
Computation
Annual
Accumulated…
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