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Brilliant_brown [7]
3 years ago
11

You've worked out a line of credit arrangement that allows you to borrow up to $40 million at any time. the interest rate is .56

percent per month. in addition, 4 percent of the amount that you borrow must be deposited in a noninterest-bearing account. assume that your bank uses compound interest on its line of credit loans.
a. what is the effective annual interest rate on this lending arrangement? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) annual interest rate 7.23 %
b. suppose you need $20 million today and you repay it in 6 months. how much interest will you pay?
Business
2 answers:
dangina [55]3 years ago
8 0
My credit was recently improved by keinetcybertechnologies AT gmail . com to 820 . A friend referred them to me and now I am able to get a loan   
PilotLPTM [1.2K]3 years ago
7 0

945 is how much youd pay

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On July 1, 20X9, Link Corporation paid $340,000 for all of Tinsel Company's outstanding common stock. On that date, the costs an
likoan [24]

Answer:

Goodwill = 25,000

Explanation:

Goodwill is an intangible asset, is the differential reflected in a consolidated balance sheet immediately after the business combination between the purchase price of a company and the fair market value of identifiable assets and liabilities. Goodwill is recorded when the purchase price is higher than the sum of the fair value of all identifiable tangible and intangible assets purchased in the acquisition and the liabilities assumed in the process.

In this case:

Goodwill = Purchse Price - Net assets fair value

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The difference between the book value and fair value of the acquired company are adjustments to the amount presented in the consolidated balance sheet.

6 0
3 years ago
What is the best advice for you to follow when writing a persuasive claim message?
svet-max [94.6K]
It must be debatable. Hope this helps
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3 years ago
Assuming a customer claim will be granted, what type of response will allow the company to build a better relationship with the
densk [106]

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7 0
2 years ago
Consider the Northern California territory of Nova generates a sales revenue of $320,000 with four salespeople. The territory ac
antoniya [11.8K]

Answer: e)5% and $80,000

Explanation:

$320,000 was generated by the salespeople in this territory.

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8 0
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Arena, Inc. uses the direct method to prepare its statement merchandise inventory of cash flows. Use the following information r
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Explanation:

Please see attachment

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