Answer:
Fink's revenue from insurance premiums for the current year is: $13,500,000
Explanation:
Insurance premiums recognised for the current year -
Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account
= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000
Answer:
E) 4.96%
Explanation:
The computation of the APR could be determined by applying the RATE formula i.e. shown below:
Given that
PMT = $402.18
Present value = $25,000
NPER = 6 × 12 = 72
FUture value = $0
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
After applying the above formula, the annual percentage rate of the loan is
= 0.4135% × 12
= 4.96%
hence, the correct option is E.
The net present value is 12,100. The investment should be made because NPV is positive
The present value of an investment's after-tax cash flows is known as the investment's net present value.
Businesses can make decisions using the NPV technique. It aids in not only comparing projects of the same size but also in determining whether a given investment is profitable or not.
While the net present value has advantages such as taking time worth of money into an account and assisting management in making better decisions, it also has drawbacks such as not taking hidden costs into account and being unable to be utilized by the company to compare projects of various sizes.
NPV =( Net annual cash flows x present value factor) - cost
NPV = (44,000 x 5,02 ) - $208,780 = 12,100
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The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.
<h3>What is a real estate broker?</h3>
Generally, Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.
In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.
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