Answer:
$255,960
Explanation:
Weighted average expenses:
- January 1, $900,000 x 12/12 = $900,000
- March 31, $1,500,000 x 9/12 = $1,125,000
- June 30, $1,160,000 x 6/12 = $580,000
- September 30, $900,000 x 3/12 = $225,000
- December 31, $700,000 x 0/12 = $0
average interest rate for general debt = ($9,000,000 x 10%) + ($6,000,000 x 8%) = $1,380,000
$1,380,000/$15,000,000 = 9.2%
interest expense:
specific debt = $2,200,000 x 9% = $198,000
general debt = $630,000 x 9.2% = $57,960
total capitalized interest = $255,960
Answer:
a) $11,940.52
b) $11,956.18
c) $11,966.81
d) $11,910.16
Explanation:
Given:
Investment amount = $10,000
Time = 3 years
Interest rate = 6%
Now,
Amount =
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
Thus,
a) compounded semiannually
n = 2
Amount = $10000 × 1.03⁶
or
Amount = $11,940.52
b) compounded quarterly
n = 4
Amount = $10000 × 1.015¹²
or
Amount = $11,956.18
c) compounded monthly
n = 12
Amount = $10000 × 1.00536³⁶
or
Amount = $11,966.81
d) compounded continuously
n = 12
Amount = $10000 × 1.06³
or
Amount = $11,910.16
Answer:
2 cents
Explanation:
The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents
The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175
The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)
Minimum price = Maximum (2 , 1.47, 0) = 2 cents
Answer:
d. shareholder voting rights
Explanation:
Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.
When the preferred stock is non-cumulative, the dividend not paid in a year is forfeited.
Preferred stock or debenture can be convertible into a known number of common stock in the future.
The characteristic of common stock is that it entitles its holders to vote on certain major decisions.
Answer: B. . The business address can be used for Customer Identification purposes and the account can be opened
Explanation:
From the question, we are told that a new customer wants to open an account at a firm and that when he was asked for his street address, he said that he will be moving soon to a different apartment complex and wants to use his business address.
Since the customer will be moving to a new apartment and therefore may not yet know his street address, the customer can use his business address for identification purpose. Therefore, the customer can open the account.