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2 years ago

A retail property valued at $710,000 earns $4,650 per month. What is the annual percent of return?

Business

1 answer:

Paul [167]2 years ago

4 0

Answer:

7.9%

Explanation:

The rate of return is the ratio of return to the amount invested.

Since the property earns $4,650 per month,

Therefore;

$4,650 × 12 = $55,800

To get the annual rate of return,

= Monthly returns on property/Value of profit×100%

= $55,800/$710,000

=7.9%

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Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,600. The bank reconciliation for the period showe

gayaneshka [121]

Answer:

Option B $17,285 is correct the answer.

Explanation:

Computation Table

Particular Amount

Ending balance $18,600

Add: Deposit in transit $1,550

Less: Outstanding $2,100

Add: NSF check $800

Add: Bank charges $35

Less: EFT $1,600

Cash balance $17285

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3 years ago

You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.

olga55 [171]

Answer:

The company's WACC is 9.14%

Explanation:

cost of preferred stock

= (dividend on preferred stock)/(current market price)

= [$100*4%]/$72

= 5.56%

total finance = debt + equity + preferred stock

= (8,000*$1,060) + (310,000*$57) + (15,000*$72)

= $8,480,000 + $17,670,000 + $1,080,000

= $27,230,000

weight of debt = debt/total finance

= $8,480,000/$27,230,000

= 0.31

weight on equity = equity/total finace

= $1.080.000/$27,230,000

= 0.04

WACC

= (weight of debt*after tax cost of debt) + (weight on equity*cost of equity)

= (0.31*0.0393) + (0.65-0.1185) + (0.04*0.0556)

= 9.14%

Therefore, The company's WACC is 9.14%

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2 years ago

Brian recently had to have minor surgery that cost him $3,000. He used the $2,300 remaining in his HSA but will pay the rest out

Gala2k [10]

Answer: Brian will have $700 dollars to pay the medical bill balance

Explanation: You already know your total is $3,000. Subtract 3,000 - 2,300, which will give you $700.00

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1 year ago

When members of the buying center agree to consider ibm, dell, and hewlett-packard in purchasing new computers because they are

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Identification of vendors

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3 years ago

Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return fro

lutik1710 [3]

Answer:

A. NPV for A= $61,658.06

NPV for B = $25,006.15

B. 1.36

1.17

Project A

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calcuated using a financial calculator

for project A :

Cash flow in

Year 0 = $(172,325)

Year 1 41,000

Year 2 47,000

Year 3 85,295

Year 4 86,400

Year 5 56,000

I = 10%

NPV = $61,658.06

for project B

year 0 = $ (145,960)

Cash flow in

Year 1 27,000

Year 2 52,000

Year 3 50,000

Year 4 71,000

Year 5 28,000

I = 10%

NPV = $25,006.15

profitability index = 1 + NPV / Initial investment

for project A, PI = $61,658.06 / 172,325 = 1.36

For project B, PI = $25,006.15 / 145,960 = 1.17

The project with the greater NPV and PI should be chosen. this is project A.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0

2 years ago