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Talja [164]
4 years ago
11

Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per

$100 of value in his home.
Business
1 answer:
dusya [7]4 years ago
4 0

Answer:

He has to pay the insurance company=$1840.90

Explanation:

Value of his home=$449,000

Insurance company charges $0.41 per $100 of value in his home

Number of $100's in $449,000=449000/100=4490

They charge 0.41 for every $100=4490×0.41= $1840.90

He has to pay the insurance company=$1840.90

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2. (12 points) The following is the income statement for Mattel Inc. ($ thousands) MATTEL INC. AND SUBSIDIARIES Consolidated Sta
marysya [2.9K]

Answer:

A.$23,109.09

B.$114,829.09

C. 22.1%

Explanation:

a.

Interest expense 95,118

Interest (income) (9,144)

Other non-operating (income), net 23,517

($95,118 - $9,144 – $23,517)

= $62,457 ×37%

=$23,109.09

b.

Provision for income taxes $91,720 +$23,109.09 =$114,829.09

c.

$114,829.09/519,233

= 0.22 ×100

= 22.1%

6 0
4 years ago
Interest earned on both the initial principal and the interest reinvested from prior periods is called _______.
scZoUnD [109]

Answer:

<em> </em><em>interest </em><em>earned</em><em> </em><em>on </em><em>both</em><em> </em><em>the </em><em>initial</em><em> </em><em>principal</em><em> </em><em>and </em><em>the </em><em>interest </em><em>reinvested </em><em>from </em><em>prior </em><em>periods </em><em>is </em><em>called </em><em><u>compound</u></em><em><u> </u></em><em><u>interest</u></em><em><u>.</u></em>

________________________________

<em>Compound </em><em>interest</em><em>.</em><em> </em><em>The </em><em>interest</em><em> </em><em>which </em><em>is </em><em>added </em><em>on </em><em>to </em><em>the </em><em>initial</em><em> </em><em>investment</em><em>,</em><em> </em><em>so </em><em>that</em><em> </em><em>this </em><em>will </em><em>itself</em><em> </em><em>gain </em><em>interest </em><em>in </em><em>subsequent</em><em> </em><em>perio</em><em>d</em><em>s.</em>

7 0
3 years ago
Glover Corporation issued $2,000,000 of 7.5%, 6-year bonds dated March 1, with semiannual interest payments on September 1 and M
Stels [109]

Answer: This could be explained as below :-

Explanation:

A. Bonds were issued for $97 with par value of $100, hence they were issued on discount.

B. Market rate was higher, as company issued bonds on discount.

C. Amortization = $2,000,000 * 7.5% * 10/12 = $125,000

    Discount = $60,000/6 * 10/12 = $8,333

    Total interest expense = $125,000 + $8,333 = $133,333

D. Carrying value = $2,000,000 - $51,667 ($60,000 - $8,333) =$1,948,333

5 0
4 years ago
A 13-year bond of a firm in severe financial distress has a coupon rate of 10% and sells for $930. The firm is currently renegot
adoni [48]

Answer:

Stated yield is 11.04%

expected yield is  5.78%

Explanation:

The expected yield to maturity can be computed using the rate formula in excel which is given below:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest the bond would pay which is 13

pmt is the amount of coupon interest the bond pays which is $1000*10%=$100

pv is the current price of the bond which is $930

fv is the face value of $1000

=rate(13,100,-930,1000)=11.04%

However the expected yield has the coupon interest reduced to one -half as calculated below:

=rate(13,100*0.5,-930,1000)=5.78%

3 0
4 years ago
The income statement provided is from June. Since Aafreen operates her restaurant on a calendar year, the net income represents
sweet-ann [11.9K]

The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.

S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.

Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.

Learn more about sales and expenses at

brainly.com/question/24778422

#SPJ4

3 0
2 years ago
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