Answer:
D. The registered representative should decline the transaction
Explanation:
Based on the information provided within the question it can be said that the representative should decline the transaction. When dealing with money and financial accounts the representative that will handle these types of transactions needs to sit down with the owner and new recipient of the account as well as see identification from both and have them sign authorization paperwork. These are safety measures in place so that a stranger isn't able to just call and take ownership of an account.
Answer:
$21,547.08
Explanation:
To get the amount of the deposit, we use the PMT function of MS Excel
Rate = 10%
Nper = 4
Pv = 0
FV = -100000
PMT = ?
The amount of the deposit = PMT(Rate, Nper, PV, -FV)
The amount of the deposit = PMT(10%, 4, 0, -100000)
The amount of the deposit = 21547.08037
The amount of the deposit = $21,547.08
So, the amount of the deposit at 10% per year interest is closest to $21,547.08
Answer:
5.38% and 5.1%
Explanation:
In this question, we are asked to calculate the after tax return to the corporation and the after tax return to the investor.
What is meant by after tax return is simply the profit made after we subtract the amount of taxes. It is simply revenue less the amount of tax paid.
We calculate the values as follows:
For the corporation;
The after tax return can be calculated by the following mathematical expression;
After tax return to Corporation = 0.06 - (0.06 * 0.3) * 0.34 = 0.0538 = 5.38/100 which is same as 5.38%.
After tax return to the individual investor = 0.06(1-0.15) = 0.06 * 0.85 = 0.051 or just 5.1%
