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1 year ago

Jim borrowed $1,400. six months later, he paid back a total of $1,450. how much interest did jim pay?

Business

1 answer:

BlackZzzverrR [31]1 year ago

3 0

Jim borrowed $1,400. six months later, he paid back a total of $1,450 so Interest paid with the aid of Jim was 46%.

<h3>What is pastime paid?</h3>

Interest is the charge you pay to borrow cash or the value you charge to lend money. Interest is most regularly mirrored as an annual share of the quantity of a loan. This share is known as the activity rate on the loan.

<h3>Is activity paid an expense?</h3>

Interest expense is a non-operating rate proven on the income statement. It represents hobby payable on any borrowings—bonds, loans, convertible debt or lines of credit.

Learn more about interest paid here:

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The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29,

german

Answer:

p = $2.51

Explanation:

Given:

D = $0.50
Stock price: $29 (s)
Interest rates: 10%.
Strike price of $30 : $2 (c)

To find the the price of a European put option, we use here pit call parity that is :

c - p = s - k $e^{-rt}$ - D

<=> p = c - s + k $e^{-rt}$ + D

<=> p = 2 -29 + 30 $e^{-0.1*\frac{6}{12} }$ + 0.5

<=> p = $2.51

Hope it will find you well

8 0

4 years ago

The Homeowners policy on Dylan's $110,000 home is voided when he intentionally burns the house to the ground. Consequently, he d

Advocard [28]

Answer:

The insurer pays the mortgage lender $76,000.

Explanation:

As the total outstanding amount is only $76,000

Although that the value of home is $110,000. But only the outstanding balance which is yet not repaid on mortgage will be paid to mortgage lender.

This will be paid by the insurer as the house was insured, and even though if it is burned intentionally, the insurer can not run from his liability.

Accordingly the entire balance of mortgage lender, since amount outstanding is less than value of home will be paid by the insurer.

8 0

3 years ago

On May 10, 2020, Splish Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the

Amiraneli [1.4K]

Answer:

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

Explanation:

Preparation of the journal entries for Splish related to this contract.

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

4 0

3 years ago

Whenever Congress has a perceived need for ongoing control of an economic activity, it has tended to create a a. regulatory agen

RUDIKE [14]

Whenever Congress has a perceived need for ongoing control of economic activity, it has tended to create a cabinet department.

The Vice President and the secretaries of agriculture, commerce, defense, education, energy, health and human services, homeland security, housing and urban development, interior, labor, state, transportation, and veterans affairs make up the cabinet. Cabinets come in three varieties: inset, full overlay, and partial overlay. Each phrase refers to the way a cabinet door or drawer rests against or inside a cabinet frame. The three varieties of cabinets also stand for various price ranges and fashion trends. Such a division is frequently referred to as the Prime Minister's Office. Various other nations have cabinet offices.

The Prime Minister's Office is a division of the Cabinet Office in the United Kingdom; a similar division exists in Australia and New Zealand.

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7 0

1 year ago

Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment cos

Alexeev081 [22]

Answer:

-$51,566.

Explanation:

So, we are given the following parameters in the question above;

Cost of equipment = $1.2 million, pre-tax cost of borrowed funds = 8 percent, tax rate = 32 percent and the equipment can be leased for = $242,500 a year.

Step one : Calculate the After-Tax lease payment .

The After-Tax lease payment = ($242,500) × (1 - 0.32) = $164,900.

Step two: Calculate the Annual Depreciation Tax-Shield.

Annual Depreciation Tax-Shield = ($1,200,000/7) × (0.32) = $54,857.

Step three: Calculate the After-Tax Discount Rate.

The After-Tax Discount Rate = 0.08 × (1 - 0.32) = 5.44%.

Step four: Calculate the Net Advantage to Leasing.

The Net Advantage to Leasing = $1,200,000 - ($164,900 + $54,857.14) × (PVIFA 5.44%, 7).

= -$51,566

3 0

3 years ago