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4 years ago

How to succeed in business?

1 answer:

8 0

If you persist in your work and have good instruction, you may succeed. You can also pray to God and ask him to help you.

I hope this helps!

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Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,000 in cash reserves, and ma

Readme [11.4K]

Answer:

16.71%

Explanation:

The computation of the bank reserve ratio is shown below:

= Cash reserves ÷ total deposits × 100

where,

Cash reserve is $10,000

And, the total deposits would be

= Checking deposits + saving deposits

= $20,000 + $40,000

= $60,000

Now put these values to the above formula

So, the ratio would equal to

= $10,000 ÷ $60,000 × 100

6 0

2 years ago

Which details form part of a memo's summary?

igomit [66]

Answer:

C. a possible solution for the problem that the memo describes

5 0

3 years ago

Snowdrops Co. is growing at a very fast rate. As a result, the company expects to increase its dividend to $0.50, $1.00, $1.50,

erik [133]

Answer:

B. $19.09

Explanation:

D1 = $0.50

D2 = $1.00

D3 = $1.50

D4 = $2.00

D5 = D4(1+g)

and g is given as 6%

D5 = 2.00(1.06) = 2.12

Next, find the PV of each dividend at a discount rate of 14%

PV(D1) = 0.50/(1.14) = 0.4386

PV(D2) = 1.00/(1.14²) = 0.7695

PV(D3) = 1.50/(1.14³) = 1.0125

PV(D4) = 2.00/(1.14^4) = 1.1842

Find the present value of the terminal value (D5 onwards);

PV(D5 onwards) = $\frac{\frac{2.12}{0.14-0.06} }{1.14^{4} } \\ \\ =\frac{26.5}{1.68896} \\ \\ =15.6901$

Sum up the PVs to find the current value of the stock;

= 0.4386 + 0.7695 + 1.0125 + 1.1842 + 15.6901

= 19.0949

Therefore, the current value = $19.09

8 0

3 years ago

What is an example of a street address

tekilochka [14]

Answer:

An example of a street address would be something like this

560 Hudson Street Hartford, CT 06106

(Random address I pulled off of google)

5 0

3 years ago

Upton Umbrellas has a cost of equity of 11.6 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 perc

matrenka [14]

Answer:

WACC = 9.86%

so correct option is d. 9.86%

Explanation:

given data

cost of equity = 11.6 percent

bonds = 6.2 percent

bonds sell = 103.2 percent

debt book value = $408,000

total assets book value= $952,000

market to book ratio = 2.74 times

to find out

what is the company's WACC

solution

we get here first Total book value of equity that is express as

Total book value of equity = Total assets book value - Total debt book value .................1

Total book value of equity = 952000 - 408000

Total book value of equity = $544000

and here market to book ratio is

market to book ratio = $\frac{market\ value}{book\ value}$

so market value of equity = (2.74 × 544000) = $1490560

and

After tax cost of debt = 6.2 (1 - tax rate)

After tax cost of debt = 6.2 (1 - 0.4)

After tax cost of debt = 3.72%

and

Market value of Debt = 408000 × 103.2%

Market value of Debt = $421056

Total market value = $1490560 + $421056

Total market value is =$1911616

and

WACC will be

WACC = Respective costs × Respective weights

WACC = $\frac{1490560}{1911616}11.6 + 3.72\frac{421056}{1911616}$

WACC = 9.86%

so correct option is d. 9.86%

4 0

3 years ago