Answer:
40%
Explanation:
Given:
Net income of Victor Malaba = $ 1,240 per month
Amount spend on food = $150
Amount spend on a car payment = $244
Amount spend on rent = $300
Amount for savings = $50
Thus,
Total expenses = $ 150 + $ 244 + $ 300 + $ 50 = $ 744
the total amount left after the above expenses = Net income - The total expenses
or
The amount left = $ 1,240 - $ 744 = $ 496
Therefore, the percentage of net income that can he can spend on other things = 
or
The percentage of net income that can he can spend on other things = 40%
Answer: The following statements is correct: <em><u>Bond covenants are designed to protect bondholders and to reduce potential conflicts between stockholders and bondholders.</u></em>
Bond covenants are considered to be part of the judicial bindings that forms up a bond, irrespective of the fact whether it is issued by a institution or the authorities. They are normally supposed to defend capitalist by rendering some certainty on the bond.
Answer:
First Select Investors
Explanation:
With timely notice to the proper parties, Global Bank may collect payment on the note from First Select Investors.
Although Charlton is the maker of the $200,000 promissory note payable, and was directly issued to Development & Sales Corporation, the party that issued it to Global Bank is First Select Investors.
Hence, Global Bank has direct link to First Select Investors and will notify the later about payment of their account receivable.
Answer:
PV= $114,699.21
Explanation:
Giving the following information:
Annual payment= $10,000
Number of years= 20
Interest rate= 6%
<u>To calculate the present value, we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= annual payment
PV= 10,000*{(1/0.06) - 1 / [0.06*(1.06^20)]}
PV= $114,699.21
