Question
In: Finance
The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63. The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13 Which of the following is true?
The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63. The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13 Which of the following is true?
a) On June 23, 2020, Stock Y is 32.77% less than it was on June 23, 2019.
b) On June 23, 2020, Stock Y is 32.77% more than it was on June 23, 2019
c) On June 23, 2020, Stock Y is 48.73% more than it was on June 23, 2019.
d) On June 23, 2020, Stock Y is 48.73% less than it was on June 23, 2019.
e) On June 23, 2020, Stock Y is 67.23% less than it was on June 23, 2019.
Solutions
Expert Solution
price for Stock Y on June 23, 2019 at 10 a.m.= $7.63
price for Stock Y on June 23, 2020 at 10 a.m.= $5.13
The % change in the price would be = (5.13-7.63)/7.63
= -32.77%
So, the stock price of Y has declined by 32.77% in a year time. Option A
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1. Use the following
information and answer the following:
Product
Price 2019
Quantity 2019
Price 2020
Quantity 2020
Food
$10
1,000
$12
1,200
Clothing
$40
400
$48
500
Education
$100
600
$120
120
Health care
$200
300
$240
360
a. Nominal GDP for 2019 and
2020.
b. Assume 2019 is the base
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c. Real GDP for
2020.
d. Nominal and real rate of
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e. Inflation rate between
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Simmons Corp Balance Sheet As of December 31, 2019 and June 30, 2020 Assets 2019 2020...
Simmons Corp
Balance Sheet
As of December 31, 2019 and June 30, 2020
Assets
2019
2020
Liabilities
2019
2020
Cash
$700
Accounts payable
$550
Accounts receivable
50
Salaries payable
50
Total current assets
750
Interest payable
0
Equipment
500
Total current liabs
600
Acc. depreciation
(100)
Notes payable
100
Equity
Common stock
100
Retained earnings
350
Total assets
$1,150
Total liabs and eq
$1,150
During 2020 to date (June 30, 2020), Simmons had the following
transactions:
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The balances in the accounts of Maybe Ltd at 30 June 2019 and 30 June 2020...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
June 2020 are:
30th June 2020
‘000
30th June 2019
‘000
Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30 June 2020...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
June 2020 are:
2020
‘000
2019
‘000
Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft
24
22.80
Accounts Payable...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30 June 2020...
The balances in the accounts of Maybe Ltd at 30 June 2019 and 30
June 2020 are:
30th JUNE 2020
‘000
30th JUNE 2019
‘000
Sales (all on credit)
300
420
Cost of Goods Sold
156
132
Doubtful Debts expense
30
36
Interest Expense
24
36
Salaries
36
30
Depreciation
12
18
Cash
172.80
166.80
Inventory
216
192
Accounts Receivable
324
300
Allowance for Doubtful Debts
36
42
Land
180
180
Plant
120
108
Accumulated Depreciation
24
36
Bank Overdraft...
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(ii) What is the price of the option if it is a put? (6
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(iii) What is the price of the call option if a dividend of $2
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computers with an invoice price of $50,000. Other costs incurred
were sales tax $2,100, Freight $300, installation of $2,300,
testing of $300, prepaid insurance to cover the computers; $3,600.
The computers are estimated to have a 5-year life and $5,000
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Instructions:
Find the cost of new computers.
___________________________
What is depreciation for 2020 and 2021 if the company
uses the double-declining balance method.
2020
______________________________
2021...
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July 2019 to 30 June 2020 financial period.
On 5 November 2019 the directors of the company decided to
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The company decided to allot shares to applicants on the basis
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Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020...
Sugar Ltd was involved in the following transactions during 1
July 2019 to 30 June 2020 financial period.
On 5 November 2019 the directors of the company decided to
raise extra capital by issuing 2 million ordinary shares publicly
at a price of $2 each share. The company received application
monies of $4,800,000 for 2.4 million shares on 30 November.
The company decided to allot shares to applicants on the basis
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