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3 years ago

Items that save you money by allowing you to pay a relatively low price for a good or service include _____ .

1 answer:

3 0

The question above has incomplete statement it lacks certain given choices. with this i made a research about the question and it turns out that the answer of the question in the items that save you money by allowing you to pay a relatively low price for a good or service is comparative shopping.

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You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend you the money at an APR of

cricket20 [7]

Answer: $463,067.50

Explanation:

Calculation of single bill payment i.e. Future value

$Future\ value=Present\ value\times(1+r)^{n}-Payment\times\frac{(1+r)^{n}-1 }{r}$

$Future\ value=250,000\times(1+\frac{5.45}{1200} )^{360}-900\times\frac{(1+\frac{5.45}{1200} )^{360}-1 }{\frac{5.45}{1,200} }$

= $250,000 × 5.110505847 - $900 × 905.06551

= $1,277,626.46 - $814,558.96

= $463,067.50

Therefore, the single balloon payment will be $463,067.50

8 0

3 years ago

The following market information was gathered for the corporation. The firm has 1,000 bonds outstanding, each selling for $1,100

Nana76 [90]

Answer:

9.127%

Explanation:

For calculating the WACC we need to do following calculations which are shown below:

value of debt = 1,000 × $1,100 = $1,100,000

cost of debt = 8% × (1 - 0.3) = 4.8%

value of equity = 50,000 shares × $18 = $900,000

value of preferred stock = 5,000 × $40 = $200,000

Now

Market value of firm = $1,100,000 + $900,000 + $200,000 = $2,200,000

The formula is shown below:

= Weightage of debt × cost of debt + (Weightage of common stock) × (cost of common stock) + (Weightage of preferred stock) × (cost of preferred stock)

WACC = ($1,100,000 ÷ $2,200,000) × 4.8% + ($900,000 ÷ $2,200,000) × 14% + ($200,000 ÷ $2,200,000) × 11%

= 9.127%

3 0

2 years ago

Which phrase best describes a function

Nata [24]

It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.

Hope this helps!

5 0

3 years ago

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc

PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense $1.000 - Debit

1010 CASH Operating Account $275 - Debit

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit

1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

6150 Bad Debt Expense $1.000 - Credit

1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

7 0

3 years ago

Small Businesses in America

PSYCHO15rus [73]

Small scale business society can nurture entrepreneurial skills in children

7 0

3 years ago