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4 years ago

9

Evelyn took out a car loan for $16,125 that has a 0% APR for the first 14 months and will be paid off with monthly payments over

6 years. For how many months will Evelyn be charged interest?

1 answer:

Sidana [21]4 years ago

6 0

She will be charged interest for 58 months

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You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo

Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

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3 years ago

Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T

ddd [48]

Answer:

cost of equity = 9.68%

so correct option is d. 9.68%

Explanation:

given data

currently priced = $17.15

paid annual dividend = $1.22

dividends increasing = 2.4% annually

to find out

firm's cost of equity

solution

we get here cost of equity by apply price equation that is express as

Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate) .....................1

put here value we get

$17.15 = $\frac{1.22*(1+0.024)}{cost\ of\ equity - 0.024}$

solve it we get

cost of equity = 9.68%

so correct option is d. 9.68%

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3 years ago

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Stella [2.4K]

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3 years ago

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Generally, an income amount that relates to a future period and therefore can be set aside and included in income for that perio

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The term that is referred by the description above is RESERVES. The reserve is the amount that is being kept for future periods. This amount is separated to the current period's income, but is part of the next period if this is applicable. The answer is D.

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3 years ago

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,

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