6. The cumulative advance-decline line reported in Barron's at the end of the month is 21,240.During the first week of the following month, the daily report for the Exchange is as follows:13,5441,7371,289518DayIssues tradedAdvancesDeclinesUnchanged23,5331,5791,48447033,5401,7591,24054143,5311,2171,71659853,5211,3261,519596a. Compute the daily net advance-decline line for each of the five days.b. Compute the cumulative advance-decline line for each day and the final value at theend of the week.

Answered: 6. The cumulative advance-decline line…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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ABC Company prepares quarterly calendar interim financial reports. Entity sells goods and normally 8% of customers claim on their warranty. Provision in the first quarter was calculated 8% of sales to date which amounted to P 6M. second quarter sales amounted to 140% of first quarter sales. In third quarter, better data are available and revision of percentage is implemented which is increased by P 2.50%. Sales for the second quarter amounted to 70% of combined first and second quarter sales. In the fourth quarter, percentage of warranty is consistent with third quarter but total warranty expense to be recognized for the year should not exceed 9.00% of the total sales. Fourth quarter sales is 40% of third quarter sales. How much is the warranty expense for the fourth quarter interim financial statements?
A 7% p.a. demand loan was paid off with payments of $3,000 on April 10th, $2,000 on September 25th and a final payment of $5,447.13 on December 5th. If it uses the standard declining balance method, what was the original amount of the loan back on March 8?
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9. 測 3. ABC Co. had the following purchases on account: September August 65% of the month's purchases are paid in the month of purchase. The remainder is paid in the month following purchase, How much will the cash payments for purchases be in August? July 000'008$ 43°F SU prt sc 144 114 fg *- V. 0. 5. 6.
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A household savings-account spreadsheet shows the following entries for the first day of each month: Month January February March April May June July August Additions Withdrawals Value 148,000 2,500 4,000 1,500 13,460 3,000 23,000 198,000 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period. (Round your answer to 2 decimal places.) Dollar-weighted average Answer is complete but not entirely correct. 70.01%
The following are data on three promissory notes. Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms Maturity Date Principal (a) April 1 60 days May 31 $842,400 (b) July 2 30 days August 1 100,800 (c) March 7 6 months September 7 129,600 Annual Interest Rate 5 % $ Total Interest 6 ୫୫ 252,720 $504 10 % $ 2,365,200
Spencer Consulting, which invoices its clients on terms 2/10, n/30, had credit sales for May and June of $245,000 and $280,000, respectively. Analysis of Spencer's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): Receiving Discount Beyond Discount Period Totals In month of sale 50% 20% 70% In month of following sale 15% 10% 25% Uncollectible accounts, returns, and allowances 5% 100% Determine the estimated cash collected on customers' accounts in June. $Answer
13

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