Answer:
net worth: 1.0 millions
Explanation:
the net worth of a bank is the result of subtracting the liabilities from his total assets:
Total Assets: 7.5 million (1.5 cahs + 6.0 note receivables)
Total Liabilities: 6.5 millions
net worth: 7.5 assets - 6.5 liabilities = 1.0 millions
Answer:
$828.36
Explanation:
As for the information provided,
The value = $1,000
Life = 20 years, since interest is semi annual, effective period = 20
= 40 periods.
Semi annual interest = $40
Annual interest = 10%, effective interest rate = 5%
Future Value Interest rate = $40 
= $40
17.159 = $686.36
Future Value of Principal = $1,000 
= $1,000
0.142 = $142
Thus, current price of bond = $686.36 + $142 = $828.36
Answer: It will take Nico approximately 12 years
Explanation:
Payments = $40000
r = 12%
Future Value = 1000 000
Future Value annuity = Payments((1 + r)^n - 1)/r
1000000 = 40000((1 + 0.12)^n - 1)/0.12
40000((1.12)^n - 1) = 1000000 x 0.12
(1.12)^n -1 = 120000/40000
(1.12)^n = 3 + 1
nlog(1.12) = log(4)
n = log(1.12)/log(4) = 12.232510748
n ≈ 12 years
It will take Nico approximately 12 years
Answer:
$46,350
Explanation:
The Patent is Acquired at the Fair Value at the Acquisition date. They are recognized in consolidated financial statement even when not recorded by the subsidiary for consolidation purposes.
Thus, the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $46,350.