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3 years ago

Requesting funds for working capital suggests that the business is not a solid investment

2 answers:

7 0

If i am understanding the question correctly it is false.....but i am a week late soo either way i guess it doesnt matter xD

julia-pushkina [17]3 years ago

5 0

Answer:

im a little late on this so i mean pk

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On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter

Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==> T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P $(1+ \frac{R}{100} )^{T}$

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000× $(1+\frac{6.86}{100}) ^{0.414}$

==> A= 685000 × 1.02784938489=704076 $

6 0

3 years ago

Morales Company sells $320,000 of its receivables to Instant Factors, Inc. Instant Factors assesses a finance charge of 3% of th

bazaltina [42]

Answer:

Dr Cash $310,400

Dr Factoring expense$9,600

Cr Account receivable $320,000

Explanation:

Preparation of the journal entry to record the sale of the receivables on Morales Company's books.

Dr Cash $310,400

($320,000-$9,600)

Dr Factoring expense$9,600

($320,000*3%)

Cr Account receivable $320,000

(Being to record the sale of the receivables on Morales Company's books

7 0

3 years ago

If you hold a $100 U.S. Treasury Bill, this means: (Select all that apply) Helpful Hint: There are 2 correct answers. The U.S. g

egoroff_w [7]

The U.S. government owes you $100.

Option 1 is correct .

Treasury Bills:

Treasury bills, or T-bills, have the shortest terms of all and are issued with maturity dates of four, eight, 13, 26, and 52 weeks.

Treasury Bill Characteristics:

Unlike Treasury bonds and notes, T-bills do not pay periodic interest payments to investors. Instead, Treasury bills are auctioned off to investors at a discount to their face value. The investor's return is the difference between the face value and the discount price paid at purchase.

How Do You Cash a Treasury Bond?

For Treasury bonds held with a bank or broker, consult the institution to redeem them.

For Treasury bonds in Treasury Direct (electronically), investors don't need to take any action since the bond will be cashed out at maturity and deposited into your account as long as you supply your bank information to Treasury Direct.

Treasury Bonds :

Treasury bonds, called T-bonds for short, are often referred to as long bonds because they take the longest to mature of the government-issued securities. Treasury bonds are offered to investors in terms of 20 and 30 years to maturity.

Learn more about Treasury bills :

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7 0

2 years ago

Net domestic product (ndp) equals the output of the economy (gdp) ________ the depreciation of the nation's capital goods. this

dybincka [34]

<span>Net domestic product (NDP) equals the output of the economy (GDP) minus the depreciation of the nation's capital goods. This is an indicator of how much a nation must "invest" to continue that current GDP.

To solve for the NDP your equation would be:
NDP = GDP - depreciation
When you are finding the NDP of something, you are commonly referring to a house, vehicle or the life span of a machine. </span>

5 0

3 years ago

contractor decided to bid for a major commercial project. The total price of her bid is $10 million. Estimate the total cost of

IRINA_888 [86]

Answer: $150,000

Explanation:

The total cost of estimating and preparing the bid would normally fall between 1% and 2% of the total price of the bid.

It would therefore be best to use an average rate of these:

= ( 1 + 2) / 2

= 1.5%

The estimate will therefore be:

= 1.5% * 10,000,000

= $150,000

5 0

3 years ago