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3 years ago

Which payment method typically charges the highest interest rates

Business

1 answer:

Wittaler [7]3 years ago

6 0

What payment method typically charges the highest interest rates?

pay day loans

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Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr

sergij07 [2.7K]

Answer:

The Question has been offered as to pick the least of the terms less expensive than lifetime alternative, so it is smarter to continue with the choices given in the Question.

For 14 years:

Year Cash Flow PVF = 7.6% Cash Flow

0 $800 1 $800

1 - 13 $800 8.0807 $6464.56

Total $7264.56

For 13 years :

Year Cash Flow PVF = 7.6% Cash Flow

0 $800 1 $800

1 - 12 $800 7.6948 $6155.83

Total $6955.835

For 19 years

Year Cash Flow PVF = 7.6% Cash Flow

0 $800 1 $800

1 - 18 $800 9.6377 $7710.16

Total $8510.16

For the long time alternative it is realize that not doable choice to go with 19 years so obviously past 19 years likewise not possible so for a long time not comprehended.

from the over the least is accessible in 13 years so lloyd needs to go for a long time.

3 0

3 years ago

(1 point

AnnyKZ [126]

Answer:

Explanation:

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4 0

3 years ago

Carla Vista Co. reports a taxable and pretax financial loss of $850000 for 2018. Carla Vista's taxable and pretax financial inco

grin007 [14]

Answer:

$255,000

Explanation:

Given that,

2016:

Taxable and pretax financial income = $850,000

Tax rate = 30%

2017:

Taxable and pretax financial income = $850,000

Tax rate = 35%

Income tax refund receivable in 2018:

= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016

= $850,000 × 30 percent

= $255,000

Note:

(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.

(ii) 2018 net loss should be applied to income of 2016 first.

4 0

4 years ago

On January 1, a company issued a $50,000 face value, 8% five-year bond for $46,139 that will yield 10%. Interest is payable on J

sammy [17]

Answer: B. 46,768

Explanation: Completing an amortization table would allow us find for the present year the bond carrying amount.

The face amount of the bond multiplied by the coupon rate gives the interest payment. This payment adjusted for the number of installments paid per year is $2,000 which is given by:

50,000 × (8/2)% interest (half the year).

Interest expense is calculated as the effective rate of 5% multiplied by the beginning of the year's carrying value. The difference between the interest payment and interest expense give the amortization of discount.

Carrying Value: 46,139 (A) Value at 1/1/X1

Cash: 2 ,000 &n bsp; (50,000 x .04) (B) Never Changes

Expense: 2,30 6.95 (46,139 x .05) (C)

(B - C) -306.95 (D)

(A - D) 46,445.95 (Carrying Value at 6/30/X1)

----------------

Carrying Value: 46,445.95 (A) Carrying Value at 6/30/X1

Cash: 2,000.0 0 (50,000 x .04) (B) Never Changes

Expense: 2,322.30 (46,445.95 x .05) (C)

(B - C): -322.30 (D)

(A - D): 46,768.25 (Carrying Value at 12/31/X1

5 0

3 years ago

Jose has one evening in which to prepare for two exams and can employ one of two possible strategies:

s344n2d4d5 [400]

Answer:

a. 79

Explanation:

Opportunity cost can simply be defined as the alternative forgone. That is, opportunity cost is that good, commodity or service or whatsoever is sacrificed in order to obtain another. In economics, it is known as real cost. Thus in the question above, Jose employes strategy A such that when he prepares for two exams in one evening, the opportunity cost of receiving a 94 point on Economics exam is 79 points on the statistics.

7 0

3 years ago