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kiruha [24]
1 year ago
5

What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p

rime rate is the interest rate on a credit card, unadjusted for interval compounding. c. the prime rate is the number which indicates your credit history. d. the prime rate is the highest interest rate allowed by law. please select the best answer from the choices provided a b c d
Business
1 answer:
trapecia [35]1 year ago
3 0

Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.

A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.

It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.

To learn more about prime rate here,

brainly.com/question/28235888

#SPJ1

You might be interested in
Why are indexing rules important when filing names alphabetically? (Obj. 1)
almond37 [142]

Answer:

Why are indexing rules important when filing names alphabetically? ... Written rules provide a guide to a filer for determining the indexing units consistently. If filing is performed consistently and fast, accurate retrieval is more likely in an alphabetic file

Explanation:

hope this helps!!

6 0
2 years ago
As a junior congress person you have been asked to help promote a bill to allow casino gambling in your state. There is much opp
MariettaO [177]

Explanation:

I would promote the establishment of the Casino Gambling Bar in my state and plan my arguments for discussion on the following items:

Casino deserves to play in the State:

More collection of revenue in the form of tax for the administration.

Tourist inflows on weekends, which lead to additional state revenues.

Boost in other businesses, such as casinos, pubs, car parks, gas sales, beer sales and expanded road tax collection.

Improved prospects for jobs.

The increased income selection will create a tourist attraction for the state residents, such as the ocean or a lake.

The demerits I can list and probably face during the argument are:

Concerns of law and order: Night operations are improved and provisions for the Casino Licensing are complied with.

It can increase drug trafficking. Education shall be taken by the police and other law enforcement agencies.

Drug addicts can harm the state: police take care. drug addicts.

Nightlife can be achieved for neighboring residents. Credit shall be taken on night patrols.

Can increase the number of road accidents caused by drunk driving.

Case that Casino Gambling is not new to America. Any real and concrete ties to ill effects such as opined use, drug trafficking and other ill effects are only attributed to a gaming casino.

If all the negative effects expected or perceived by the law enforcement agency are tracked, all the negative effects may be entirely eradicated and savings can be gained from increased revenues by the state.

Discussions with all state machinery must be held before the property is transferred to the casino and the police office can also provide its guidance during this time.

5 0
3 years ago
​Colgate-Palmolive Company has just paid an annual dividend of $ 1.09. Analysts are predicting dividends to grow by $ 0.19 per y
sveta [45]

Answer:

$74.62

Explanation:

Div₀ = $1.09

expected growth $0.19 per year

Div₁ = $1.28

Div₂ = $1.47

Div₃ = $1.66

Div₄ = $1.85

Div₅ = $2.04

then constant growth rte of 5.3%

equity cost = 7.5%

first we need to determine the stock price in year 5 using the Gordon growth model:

stock price = [dividend x (1+g)] / (Re - g) = ($2.04 x 1.053) / (7.5% - 5.3%) = $97.64

now we can discount all the future cash flows:

stock price = $1.28/1.075 + $1.47/1.075² + $1.66/1.075³ + $1.85/1.075⁴ + $2.04/1.075⁵ + $97.64/1.075⁵ = $1.19 + $1.27 + $1.34 + $1.39 + $1.42 + $68.01 = $74.62

8 0
3 years ago
Qing Yuan and most of her friends are retiring and moving out of the city where they worked all their lives, and living on their
Anastaziya [24]

Answer:

economic and legal

Explanation:

In the given situation, the economic and legal would be impacted by the change as the economic environment is impacted since the people would not be working that results they would be less contributed to the economy due to this it would develop a more burden in social security benefits that strict the laws so it would be lead to the legal environment

Therefore the above represent the answer

6 0
3 years ago
January 1, Edison Corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared
aleksandr82 [10.1K]

Answer:

D All of these answers are correct.

Explanation:

Given that the corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend. Market value of the stock was $18/share. As a result of this event

Paid-in Capital in Excess of Par = 1000000*20%*(18-10) = 1600000

Stock dividend = 1000000*20%*18= 3600000

Edison's total stockholders' equity was unaffected because increase in Stock dividend leads to decrease in retained earnings by the same amount.

Answer is option D All of these answers are correct.

3 0
3 years ago
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