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3 years ago

9

Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an a

uto loan. Does she have excessive debt?

1 answer:

svp [43]3 years ago

3 0

If you add 300+120+450 you will get 870 so just subtract. 2,200-870 to get 1330

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USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu

vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 7.5% ÷ 2 = $37.5

NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this,

1. The pretax cost of debt is 7.41%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.41% × ( 1 - 0.35)

= 4.82%

6 0

3 years ago

[30 PTS + BRAINLIEST]

saw5 [17]

Answer:

C

Explanation:

A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

Hope this helps!

3 0

3 years ago

Read 2 more answers

g Cabal Products is a division of a major corporation. Last year the division had total sales of $10,333,500, net operating inco

timama [110]

Answer:

2.49

Explanation:

The division’s turnover is computed using the formula of turnover ratio. Divide the total sales portion of the division with the average operating assets that gives the division’s turnover.

Division Turnover= Sales / Average Operating Cost

DT= $10,333,500 / $4,150,000

DT= 2.49

The division's turnover is closest to 2.49

6 0

3 years ago

You own 25 percent of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all-e

Akimi4 [234]

Answer:

$6 million

Explanation:

If 25% of the firm is worth $1.5 million, then 100% of the firm will be worth $6 million (= $1.5 million x 4).

This is an all equity firm, which means it has no liabilities, and it is also a closely held corporation which makes it harder for a stockholder to sell his/her shares. Basically the fair value of the 1,000 shares is the money you can get from your fellow shareholders.

3 0

3 years ago

Most people buy a house with cash. True False

Mnenie [13.5K]

The answer would be False

6 0

3 years ago

Read 2 more answers