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Alexxx [7]
3 years ago
5

If you're renting a house or apartment, you only need renter's insurance for the first few months.

Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer:

You'll only need renters insurance if your landlord or your building requires it. While not required otherwise, anyone renting any type of residence long-term—be it an apartment or single-family home—should strongly consider purchasing a renters insurance policy.

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You are the star of a blockbuster movie. You can get paid $10,000,000 today or you can get 5.00% of the gross ticket sales for t
Gnoma [55]

Answer:

Gain in PV = $1,449,268

Explanation:

Annual % of gross ticket sales = 5%  * $50,000,000

Annual % of gross ticket sales =$2,500,000

Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate

Present value of annuity = $2,500,000[1-(1.03)^-5]/0.03

PV = $2,500,000*4.579707187

PV = $11,449,268

Gain in PV terms= =$11,449,268-$10,000,000

Gain in PV = $1,449,268

6 0
3 years ago
Click this link to view O*NET's Education section for General and Operations Managers. According to OʻNET, what are the three mo
Xelga [282]

Answer:

The answer is BDE

Explanation:

:)

6 0
2 years ago
Read 2 more answers
OMG Corporation just paid a $1.60 annual dividend on each share. It is planning on increasing its dividend by 16 percent a year
mamaluj [8]

Answer:

$220.028

Explanation:

According to dividend valuation model, the price of share is the present value of all the dividends that the share will give in future.

Based on the above statement the price of the share of the OMG Corporation  shall be determined as follows:

Present value of year 1 dividend=1.856(1+7.10%)^-1            $1.733

(1.60*1.16)

Present value of year 2 dividend=2.153(1+7.10%)^-2           $1.88

(1.856*1.16)

Present value of year 3 dividend=2.497(1+7.10%)^-3          $2.033

(2.153*1.16)

Present value of year 4 dividend=2.897(1+7.10%)^-4          $2.202          

(2.497*1.16)

Present value of all dividends after year 4=                        $212.18

[2.897(1+6%)/7.10%-6%]*(1+7.10%)^-4

Price of share                                                                        $220.028

8 0
3 years ago
Firm Y has issued 500 million shares of stock at $1 par value and $200 millino in additional paid in capital. Retained earnings
aniked [119]

Answer:

Return on equity = 17.46%

Explanation:

DATA:

Issued share capital = $500m

Additional Paid-in capital = $200 million

Retained Earnings = $5.6 billion

Net Income = $1.1 billion

Return on Equity = ?

Solution

Return on equity can be calculated by dividing net income in total shareholder's equity

NOTE: ALL THE WORKINGS ARE IN 1000's

Return on equity = Net Income / Shareholder's Equity

Return on equity = 1,100,000 / (500,000 + 200,000 +5,600,000)

Return on equity = $1,100,000/6,300,000

Return on equity = 17.46%

4 0
3 years ago
The City of Troy collects its annual property taxes late in its fiscal year. Consequently, each year it must finance part of its
matrenka [14]

PAnswer:

A. $1,460,000

B. Dr Cash $1,460,000

Cr Tax anticipation note Payable $1,460,000

C.General fund

Dr Tax anticipation note Payable $1,460,000

Dr Expenditure $43,800

Cr Cash $1,503,800

Government activities

Dr Tax anticipation note Payable $1,460,000

Dr General government interest expense $43,800

Cr Cash $1,503,800

Explanation:

a. Calculation for the estimated amount of tax anticipation financing that will be required for the remainder of FY 2017.

Estimated amount of Tax Anticipation Financing

Budgeted expenditures, remainder of year 2,500,000

Add Current liabilities payable 830,000

Less Estimated Resources Available:

Cash on hand, beginning of year (770,000)

Collections of budgeted revenues and delinquent property taxes (1,100,000)

Estimated Amount of Required Tax Anticipation Note Financing $1,460,000

b. Preparation of the Journal entry to Record the issuance of the tax anticipation notes

Dr Cash $1,460,000

Cr Tax anticipation note Payable $1,460,000

c. Preparation of journal entry to Record the repayment of the tax anticipation notes and interest

General fund

Dr Tax anticipation note Payable $1,460,000

Dr Expenditure $43,800

($1,460,000*6%*6/12)

Cr Cash $1,503,800

($1,460,000+$43,800)

Government activities

Dr Tax anticipation note Payable $1,460,000

Dr General government interest expense $43,800

($1,460,000*6%*6/12)

Cr Cash $1,503,800

($1,460,000+$43,800)

6 0
3 years ago
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