Answer:
Remittance advice
Explanation:
The portion of an invoice that is returned with payment is called remittance advice. It is a letter sent by a client to a provider to inform that their receipt has been paid. When a customer pays the amount by check, usually the remittance advice accompanies the check. The remittance advice includes critical information, such as names, payment amount data and invoice number.
Answer:
B. $6,000,000
Explanation:
Since in the question, it is given that the fund generates additional one-tenth of 1% of portfolio return
In mathematically,
= One-tenth × rate of return × asset value
= 0.10 × 0.01 × $6,000,000,000
= $6,000,000
Here one-tenth is 0.10 and 1% is 0.01. We simply multiply the value of the asset to the given percentage
Answer:
The book value per share is $7 and there are a total of 6 million shares which means in order to find the equity value of the company we need to multiply the book value per share and the total number of shares.
So the value of equity is $42 million
The debt of the company is 70 million plus 50 million = $120 million
The total capital of the company is 120 million plus 42 million = $162 million
The Equity/Value = 42/162=0.2592=25.92%
The Debt/Value= 120/162=0.7407= 74.07%
Explanation:
<span>Bailey has a lifestyle business. A lifestyle business is, simply put, a business that is run by someone with the main goal of simply sustaining a certain income and nothing more. It's main function is to allow the business owner to enjoy a particular lifestyle, in this case, for Bailey to spend more time with his family.</span>
Answer:
$250,000
Explanation:
Perpetuity is a type of payment that has no end. It starts on a particular date and continues endlessly.
Given:
Amount paid per year = $10,000
Annual Growth Rate = 5%
Interest Rate = 9%
Clarissa need $250,000
