You observed the bid rate of a New Zealand dollar is $.3324 while the ask rate is $.3342 at Bank X. The bid rate of the New Zealand dollar is $.3232 while the ask rate is $.3249 at Bank Y. What would be your dollar amount profit if you use $1,000,000 to execute locational arbitrage?

Answers

Answer 1

Answer:

The amount of profit is $23,084

Explanation:

First of all we need to convert the $1,000,000 to NZ$ as follow

Amount in NZ$ = Amount / Ask rate at Bank Y

Amount in NZ$ = $1,000,000 / $0.3249 per NZ$

Amount in NZ$ = NZ$ 3,077,870.11

Now sell the amount in the Bank X

Amount of Dollar available after sale = Amount in NZ$ x bid rate at Bank X

Amount of Dollar available after sale = NZ$ 3,077,870.11 x $0.3324 per NZ$

Amount of Dollar available after sale = $1,023,084.03

Now calculate the arbitrage profit

Arbitrage profit =  $1,023,084.03 - $1,000,000

Arbitrage profit =  $23,084.03

Arbitrage profit =  $23,084


Related Questions

Target Co is a wholly owned subsidiary of MegaCorp Inc. MegaCorp supplies a number of services to Target. Target sells some of its products to other MegaCorp subsidiaries. Target also buys products from other MegaCorp subsidiaries that are used as inputs in producing Target's products. Which of the following adjustments should the acquirer make to Target's financial statements before valuing the firm?
A. Deduct the actual cost of services required by Target that are being supplied by the parent without charge from target’s cost of sales.
B. Deduct the difference between the cost of products purchased from other MegaCorp subsidiaries at below market prices and the actual market prices for such products from Target’s cost of sales.
C. Deduct the difference between the cost of products purchased from other MegaCorp subsidiaries at above market prices and the actual cost of such products if purchased from other sources from Target’s cost of sales
D. A and B only.
E. None of the above.

Answers

Answer:

A

Explanation:

Answer:

Explanation:

 Target is a wholly owned subsidiary of MegaCorp Inc. MegaCorp supplies a number of services to target.

Target sells some of its products to other MegaCorp subsidiaries. Target also buys products from other MegaCorp subsidiaries that are used as inputs in producing Target’s products. Which of the following adjustments should the acquirer make to Target’s financial statements before valuing the firm?

Deduct the actual cost of services required by Target that are being supplied by the parent without

         charge from target’s cost of sales.

Deduct the difference between the cost of products purchased from other MegaCorp subsidiaries at   below market prices and the actual market prices for such products from Target’s cost of sales.

Deduct the difference between the cost of products purchased from other MegaCorp subsidiaries at above market prices and the actual cost of such products if purchased from other sources from Target’s cost of sales

A and B only.

None of the above.

Based on what Ursula’s seeing on her screen, Bonnie sees some potential red flags. What should Bonnie warn Ursula about?

Answers

Because Ursula doesn't understand how checking accounts and checks cashing at Walmart operate, she believes that the only reason she should be paying overdraft penalties is that she consistently spends more money than she has in her account.

What is a checking account?

A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.

A checking account is designed for usage with everyday cash requirements. It serves as a person's main source of funding and allows for the withdrawal of cash for use in paying bills or making purchases.

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Which of the following artistic professions are often represented among the staff of an advertising agency?

writers
illustrators
musicians
photographers
all of the above

Answers

Answer:

writers

illustrators

photographers

Explanation:

Advertising agencies are establishments that help customers to know and appreciate the importance of some goods and services. To convey these ideas to the public, writers, illustrators, photographers and showmen are engaged by advertising agencies to creatively bring out the benefits of these products.

Writers write about the benefits of the products both online and in papers. Illustrators and photographers use their pictorial skills to convey the benefits of some products. These group of artists are often represented among the staff of advertising agencies.

Types of controls used to assess the effectiveness of marketing operations ​

Answers

Analysis of a competitor and strategies

Existing customer analysis

Testing research with a focus group

Customer opinions and feedback



Your welcome if this helps

A misconception is a misunderstanding.
O True
False

Answers

The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.

It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.

Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.

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Mary is planning to buy a MobilePhone that cost $500 a sales person at the store informs her about four different installment plans that she can choose from

Answers

She will probably select a 12-month installment plan with a $50 down payment and $40 monthly payments.

What is Installment Plan?

A type of credit plan in which a buyer pays for goods or services over a long period of time, typically with interest or finance charges added, is called an installment plan. The item or service's total cost is typically divided into equal payments, which are typically made monthly over a predetermined time frame.

In the real-world scenario, adding the down payment of $50 to the $40 installment and multiplying by 12 should yield a phone cost of $500. However, this is not the case. However, the initial cost of option A is comparable to $500.

Since selecting option A will incur a cost of $530, it is reasonable to assume that the $30 additional is the interest associated with the extended payment period.

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Complete Question is given below:

Mary is planning to buy a mobile phone that costs $500. A salesperson at the store informs her about four different installment plans that she can choose from.

plan A: a down payment of $50 and monthly payments of $40 for 12 monthsplan B: a down payment of $100 and monthly payments of $80 for 6 monthsplan C: no down payment and monthly payments of $60 for 12 monthsplan D: no down payment and monthly payments of $100 for 6 months

Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. Which of the following is true?

Bernie’s investors may not invest more than $1 million per year.
Bernie’s investors may not invest more than $50 million per year.
Bernie’s company may use only accredited or non-accredited investors, but not both.
Bernie’s investors may invest money in the amounts allowed by their status as an accredited or non-accredited investor.

Answers

The fourth option is the correct answer for this question.

An accredited investor is a person or a company that is authorized to trade securities even though they are not officially registered with the financial authorities. Investors that don't meet the net worth or income requirements outlined by the Securities and Exchange Commission (SEC) are referred to as non-accredited investors.

As from the definition mentioned above, there are some set of rules that signify an investor to be accredited or non-accredited. In the given question, the first two options directly talk about the investment level of those investors and this solely cannot be a point to establish a person to be accredited or non-accredited. So the first two options are nullified.

As for the second option there is no such rule that only one type of investors can invest in Bernie’s company. Therefore, this option also gets exempted.

The last fourth option talks about both the aspects of the investors being accredited or non-accredited and also this will make sure as to how much money they can invest. Therefore, option 4 is the correct answer for this question.

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A stock is currently selling for $67 per share. A call option with an exercise price of $70 sells for $3.21 and expires in three months. If the riskfree rate of interest is 2.6 percent per year, compounded continuously, what is the price of a put option with the same exercise price

Answers

Answer:

$5.76

Explanation:

Calculation to determine the price of a put option with the same exercise price

We would be Using put-call parity and solving for the put price

$67 + P = $70e^–(.026)(3/12)+ $3.21

$67 + P = $70e^–(.026)(.25)+ $3.21

$67 + P =190.2797^–(0.0065)+ $3.21

$67 + P =$69.5465+ $3.21

$67 + P =$72.7565

P=$72.7565-$67

P=$5.7565

P=$5.76 (Approximately)

Therefore the price of a put option with the same exercise price will be $5.76

-At which point are you producing all running shoe
inserts and no hiking boot inserts?

-Which production point would be a goal for the future
but cannot be attained now?

Answer is A,X

Answers

Answer:

the guy above is right trust me (kid in all cp classes)

Explanation:

but yea he is correct

What term refers to eliminating waste and doing high quality work?

Answers

Kaizen's incremental improvements can include quality assurance, just-in-time delivery, standard work procedures, the use of effective tools, and waste reduction.

Eliminating waste is what?

Waste elimination refers to the removal of any activity (MUDA) that doesn't improve the products' present state in any way. Example 1: Waste elimination entails completing all steps in the waste treatment process, which culminate with the cremation of the leftovers.

Why is waste elimination crucial?

You may contribute to pollution prevention and environmental protection by lowering the quantity of waste you produce. You also save money, protect natural resources, and reduce the quantity of waste that ends up in landfills.

How does cutting waste improve effectiveness?

Benefits of waste reduction for your company

A number of major advantages can result from switching from waste disposal systems to waste reduction operations, including: Through the more effective use of packaging, technology, and raw materials, you can save money. It enables you to lower the expense of waste removal.

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Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others?

1: Trade secret

2: Patent

3: Copyright

Answers

Answer:

copyright

Explanation:

it makes the most sense for music

Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.

What is Copyright?

Original works of authorship are protected by copyright, a type of intellectual property, as soon as the author fixes the work in a tangible form of expression.

A product that is considered creative and that takes a lot of mental effort to generate is considered intellectual property and needs to be protected from unlawful replication.

Computer programs, works of art, poetry, graphic designs, musical lyrics and compositions, novels, films, innovative architectural designs, website material, etc. are examples of unique inventions. Copyright is one measure that can be taken to formally protect an original creation.

Hence, Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.

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Supplier bargaining power is weaker when Multiple Choice supplier services are critical to industry members' production process. industry members have the potential to integrate backward and self-manufacture their own requirements. supplier products are differentiated and short in supply. the supplier industry is more concentrated than the industry it sells to. suppliers are not dependent on the industry for a large portion of their revenues.

Answers

Supplier bargaining power will most likely be weak if industry members have the potential to integrate backward and self-manufacture their own requirements.

What is supplier bargaining power?Refers to how much influence suppliers have over the price of their goods. Is higher when there are fewer supplies.

When companies in an industry are able to produce their own goods, supplier bargaining power will be low.

This is due to the fact that the companies could decide not to buy from suppliers if they charge too high a price.

In conclusion, option B is correct.

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were can i watch boruto on a school chrome book

Answers

Explanation:

Naruspot.tv and Kissanime are the ones I used

Answer:

*me trying to find a place to watch naruto shippuden
*accidentally find this
*me: (☆▽☆)

Explanation:

Submission Requirements Hurry Pls Help ASAP!!!

Nine hundred word response.


When submitting written assignments, please remember to:


Submit the assignment question(s) and your responses.

Proofread for spelling, grammar, and punctuation.

Remember complete sentence structure.

Paragraphs need to have minimum of six sentences.


Submit your E.T.H.I.C.S. model of one of the provided scenarios.

Answers

When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.

What is meant by Proofread?

Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.

Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.

Thus, option B is correct.

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chất lượng tối ưu là gì

Answers

Answer:

net là một thị trường hiệu quả hay không hiệu quả

Explanation:

net là một thị trường hiệu quả hay không hiệu quả

Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.

Answers

Answer:

to bad this isn't multiple choice

Explanation:

but it would only make sense if it were scientists. sorry if I'm wrong

☞EXPLANATION☜

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.

From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.

Ten office hazard in that picture ​

Answers

Office hazards refer to potential risks and dangers that exist within an office environment, which can pose a threat to the health and safety of employees

Poor ergonomics: Improper workstation setup, uncomfortable chairs, and incorrect positioning of computer equipment can lead to musculoskeletal disorders.

Slips, trips, and falls: Cluttered walkways, loose cables, wet floors, and uneven surfaces can cause accidents.

Electrical hazards: Exposed wiring, overloaded outlets, faulty electrical equipment, and improper use of electrical devices can lead to shocks and fires.

Fire hazards: Blocked fire exits, overcrowded storage areas, flammable materials, and malfunctioning electrical equipment can increase the risk of fires.

Poor ventilation: Inadequate ventilation and air circulation can result in poor air quality, leading to health issues.

Chemical hazards: Improper storage and handling of cleaning agents, solvents, and other chemicals can cause respiratory problems or chemical burns.

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discuss the pillars of government sector supply chain management.

Answers

Answer:

Pillar 1 – Vulnerability. ...

Pillar 2 – Management Culture. ...

Pillar 3 – Procurement. ...

Pillar 4 – Operations. ...

Pillar 5 – Demand & Visibility.

Explanation:

hope it's helpful to you

your able to save $100 from your paycheck . how could you distribute the money between your 3saving goals above ?

Answers

what are the 3 saving goals ?

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Answers

Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

ClassesCustomersProducts and ServicesAccount

What is QuickBooks Online Accountant?

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

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See full question below

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

Which of the following tools help you access your interest
A. Aptitude survey
B. Interest inventory
C. Career search
D. Skills assessment

Answers

Answer:

C. Career search

Answer:

Interest inventory

estion 1 Describe four demerits of incomplete records. (4 marks) (b) Becky, a sole trader, does not keep proper books of accounts. From your investigati discovered that she kept a small notebook into which she recorded all cash receipts payments for the year ended 31 March 2022. Receipts Cash in hand Sales Trade receivables Capital introduced Receipts and Payments Account GHe Payments 0 Shop premises Shop fittings Inventory Trade receivables Trade payables Rent prepaid Electricity bill outstanding 11,500 Rent 62,000 Communication expenses 32,500 Electricity 15,000 Purchases Trade payables 121,000 Insurance Drawings Sundry expenses Shop fittings Cash in hand Her assets and liabilities at the beginning and at the end of the year were a- 31/03/2022 31/03/ GH¢ 205,000 33,500 65,500 13,000 5,500 1,800 300 GH 225. 26 60 Discount received and discount allowed were GH¢800 and GH¢1,C Cost of goods returned by trade debtors were GH¢1,500. Cost of goods returned to trade creditors amounted to GH¢1,200. Capital introduced during the year amounted to GH¢15,000. re required to prepare: Statements of affairs as at 31 March 2021 and 31 March 2022 [8 ma A statement of profit or loss for the year ended 31 March 2022. [8 n [Total​

Answers

Answer:

(a) Demerits of incomplete records:

1. Incomplete records make it difficult to track the financial performance of a business accurately, which can lead to poor decision-making.

2. It becomes challenging to prepare financial statements such as the income statement, balance sheet, and cash flow statement, making it difficult to assess the financial health of the business.

3. Incomplete records can lead to errors and inaccuracies in tax filings, which can result in penalties or legal issues.

4. It becomes difficult to identify fraudulent activities such as embezzlement, theft, or financial mismanagement, leading to financial losses.

(b) Based on the information provided, the following statements and calculations can be prepared:

Statement of Affairs as at 31 March 2021:

Assets:

Cash in hand: GH¢ 300

Trade receivables: GH¢ 5,500

Inventory: GH¢ 13,000

Shop fittings: GH¢ 33,500

Total assets: GH¢ 52,300

Liabilities:

Trade payables: GH¢ 1,21,000

Rent prepaid: GH¢ 11,500

Electricity bill outstanding: GH¢ 0

Total liabilities: GH¢ 1,32,500

Capital: GH¢ 2,05,000

Statement of Affairs as at 31 March 2022:

Assets:

Cash in hand: GH¢ 1,800

Trade receivables: GH¢ 65,500

Inventory: GH¢ 33,500

Shop fittings: GH¢ 33,500

Total assets: GH¢ 1,34,300

Liabilities:

Trade payables: GH¢ 0

Rent prepaid: GH¢ 0

Electricity bill outstanding: GH¢ 15,000

Total liabilities: GH¢ 15,000

Capital: GH¢ 2,25,300

Statement of Profit or Loss for the year ended 31 March 2022:

Cash receipts: GH¢ 2,05,000

Capital introduced: GH¢ 15,000

Total income: GH¢ 2,20,000

Expenses:

Purchases: GH¢ 1,21,000

Rent: GH¢ 62,000

Communication expenses: GH¢ 32,500

Electricity: GH¢ 15,000

Sundry expenses: GH¢ 1,800

Drawings: GH¢ 60

Cost of goods returned to trade creditors: GH¢ 1,200

Total expenses: GH¢ 2,32,760

Net loss: GH¢ 12,760

Hope this helps!

Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.

The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000

Common Stock
(dividends per share)

I cannot figure out Y1 or Y3

Answers

The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.

To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.

Given information:

Cumulative preferred stock: 15,000 shares, 1% dividend

Common stock: 50,000 shares, $30 par value

Dividends distributed:

Y1: $30,000

Y2: $12,000

Y3: $45,000

First, let's calculate the dividends per share for the cumulative preferred stock in each year.

Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares

Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares

Dividends per share for cumulative preferred stock = $1 / 15,000

Dividends per share for cumulative preferred stock = $0.000067 per share

Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).

For Y1:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $30,000 - ($0.000067 * 15,000)

Total dividends for common stock = $30,000 - $1.005

Total dividends for common stock = $29,998.995

Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares

Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)

For Y3:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $45,000 - ($0.000067 * 15,000)

Total dividends for common stock = $45,000 - $1.005

Total dividends for common stock = $44,998.995

Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares

Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)

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Category of cost not associated from the extension of credit and accounts receivable is

A: Capital costs

B: Delinquency costs

C: Direct costs

D: Default costs​

Answers

Answer:

A.Capital costs

Explanation:

please make me as brainlist


2. What are the ways of forecasting cost of sales?
a. cost of materials
b. cost of labor
c. cost of overhead
d. all of the choices​

Answers

Answer:

d. all of the choices​

Explanation:

Cost of Goods sold = Cost of material purchased + Conversion cost

And

Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.

So, The correct option is - d. all of the choices​

There is no such thing as free lunch means?

Answers

Answer:

a phrase that describes the cost of decision-making and consumption. That things that appear to be free will always have some hidden or implicit cost to someone, even if it is not the individual receiving the benefit.

There is no free lunch in economics means that everything comes with a price. The price may not always be money. If you get something for free, there is a cost that has be paid somewhere in the wider economic system.

Technology – the second cruel correspondence

Answers

The negative consequences of technology on society are largely directed to mass-produced products, with social media receiving the most criticism.

Many studies have been done on this topic, and social networking sites has often been identified as both the primary source of misleading information, encouraging hate and harassment and the number two source of loneliness, sadness and depression.

Children who use technology excessively are more susceptible to mental health problems, such as attention deficit disorder, poor creativity, language development delays, emotional and social development delays, and addiction to digital gadgets.

Technology's drawbacks:

Addiction. There have been many cases of technology addiction and ethical conundrums in recent years. The future of humanity appears to be moving toward the society that many films have predicted: one in which robots and artificial intelligence (AI) play a significant role. Dehumanization, Pollution, Privacy, and other issues.

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A salesgirl gets$20.00 for every$100.00 of bread she sells.In one month she sells 50 large loaves of bread at$12.00 each and 80 small loaves at$5.00 each.
Calculate her commission.​

Answers

Answer:

Commission is $200

Explanation:

Step 1: Calculate Sales Revenue

(50 * 12) + (80 * 5) = $1,000

Step 2: Calculate how many times she achieved $100 in sales

1,000 / 100 = 10

Step 3: Calculate Commission

20 * 10 = $200 in commission

An auto repair shop orders cleaning rags in batches of 120 boxes. This inventory is depleted at a constant rate and new rags are ordered to arrive exactly when the on-hand inventory of rags reaches zero boxes. What is the average inventory level over time

Answers

Answer:

60

Explanation:

the computation of the average inventory level over time is given below:

As the order is placed only when the inventory level is zero

So, The average inventory level is

= (120 +0) ÷ 2

= 60

Hence, the average inventory level over time is 60

The same would be considered and relevant

Basically we take an average of it to determine the average inventory level

Bryant Company sells a wide range of inventories, which are initially purchased on account. Occasionally, a short-term note payable is used to obtain cash for current use. The following transactions were selected from those occurring during the year.

a. On January 10, purchased merchandise on credit for $30,000. The company uses a perpetual inventory system.
b. On March 1, borrowed $64,000 cash from City Bank and signed a promissory note with a face amount of $64,000, due at the end of six months, accruing interest at an annual rate of 8.50 percent, payable at maturity.

Required:
For each of the transactions, indicate the accounts, amounts, and effects on the accounting equation.

Answers

Answer:

Finance charge = $2,720

Transaction a: This increases assets by $30,000 and also the liabilities by $30,000.

Transaction b: This increases assets by $64,000, increases liabilities by $66,720, but reduces Stockholder's Equity by $2,720.

Explanation:

Note: See the attached excel file for the accounting equation.

In the attached excel file, the finance charge of $2,720 is calculated as follows:

Finance charge = Amount borrowed * Interest rate * (Number of months the promissory will due / Number of months in a year) = $64,000 * 8.50% * (6 / 12) = $2,720

The effect of each transaction on the accounting equation are discussed below:

Transaction a: This increases assets by $30,000 and also the liabilities by $30,000.

Transaction b: This increases assets by $64,000, increases liabilities by $66,720, but reduces Stockholder's Equity by $2,720.

Other Questions
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