Answer:
Expected rate of return on this stock= 13.59
%
Explanation:
<em>The expected return on investment is the weighted average of all the return from possible outcomes weighted according to the probability of each outcome.
</em>
This principle would be applied as follows:
<em>Outcome Probability(P) Return(R) P× R</em>
Boom 0.24 × 23% = 5.52
%
Normal 0.69 × 12% = 8.28
%
Recess 0.07 × -3% = -0.21
%
Expected Return = 5.52
% + 8.28
%-0.21
% = 13.59
%
Expected rate of return on this stock= 13.59
%
Answer:
The journal entry at the time when great adventures obtains the $30,000 loan is:
Account Title Debit Credit
Cash 30,000
Notes Payable 30,000
The interest accrued at the end of each month would be:
30,000 * 6% = 1,800/12 = $ 150
Interest entry would be made at the end of each month to record the interest expense.
Answer:
Option (B)
Explanation:
MLA represents the Modern Language Association, an association committed to the true to life compositions of the scholarly community. MLA style is most generally utilized in compositions about the humanities, such as fine arts, graphic arts and English. This uniform, or predictable, strategy to building up an MLA paper or task takes into consideration easy reading. Today, MLA isn't just utilized in English writing and humanities; numerous other fields such as business, economics have embraced it too.
Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.