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fenix001 [56]
3 years ago
5

William buys a house for $500,000 from Keith Geller through a realtor. He makes a down payment of $200,000. He borrows the rest

from Smith and Sons, a lending firm, and places his new house as collateral for the loan. Who is the creditor in this case?
A) William
B) Keith Geller
C) Smith and Sons
D) the realtor
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

Option C Smith and Sons

Explanation:

The reason is that the person who lends the money is a lender or creditor, whereas the person who borrows money from the creditor is a debtor or a borrower. In this case, William borrowed money so he is the debtor and the person who lend money to William are Smith and Sons, so Smith & Sons are the creditor in this case.

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Co. paid a $0.632 dividend per share in 2013, which grew to $0.76 in 2016. This growth is expected to continue. What is the valu
loris [4]

Answer:

$34.22

Explanation:

The computation is shown below:

Value of the stock = Next year dividend ÷ (Required rate of return - growth rate)

where,  

Growth rate equal to

= {($0.76 ÷ $0.632)^1 ÷ 3} - 1

= 6.34%

And, Next year dividend would be

= $0.76 × (1 + 6.34%)

= $0.81

So, the value of the stock would equal to

= 0.81% ÷ (8.70% - 6.34%)

= $34.22

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4 years ago
The management of Entertainment Electronics sees itself as a topnotch producer of components used in DVD and Blu-ray players. Th
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Answer: b. Core competencies

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4 years ago
Benton Company is preparing its annual profit plan. As part of its analysis of the cost of its purchasing activity, management e
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3 years ago
What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something hap
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3 years ago
An individual who makes $32,000 per year anticipates retiring in 30 years. If their salary is increased by $600 each year and th
Zepler [3.9K]

Answer:

$366,287.15

Explanation:

Annual salary = $32000  

No. of years (n) = 30 years

Increment in salary = $600

Deposit rate = 10%

Interest rate (r) = 7% or 0.07

Growth rate (g) = Increment in salary \div annual salary

Growth rate = $600 \ $32000

Growth rate = 0.01875

First deposit = $32000 x 10% = $3200

Future worth = [First deposit \ (r - g)] x [(1 + r)n - (1 + g)n]

Future worth = [$3200 \ (0.07 - 0.01875)] x [(1 + 0.07)30 - (1 + 0.01875)30]

Future worth = [$3200 \ 0.05125] x [(1.07)30 - (1.01875)30]

Future worth = $62439.0243902 x [7.6122550423 - 1.7459373366]

Future worth = $62439.0243902 x 5.8663177057

Future worth = $366287.15

Hence, the future worth at retirement is $366,287.15

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