Answer:
3.75 years.
Explanation:
So, we are given the following data or parameters in the question above as:
=> The amount the company is offering = $8,000 at 6.25 percent interest.
=> ". The monthly payment is only $200. "
Therefore, rate = rate per period = 0.00520833333333333 + from 0.0625/12).
The Number of payment period = N = 45.0.
N(6.25 %/12,200, - 8000.
45/12 = 3.75 years.
Hence, it will take a period of 3.75 years for me to pay up the loan.
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
Answer:
option (b) 4 years
Explanation:
Data provided in the question:
Cost of the new machine = $380,000
Annual cash flow = $95,000
Rate of return = 6% = 0.06
The present value factor = 4.212
Now,
The cash payback period for this investment
= [ Amount invested ] ÷ [ Annual Net cash flow]
= $380,000 ÷ $95,000 per year
= 4 years
Hence,
The answer is option (b) 4 years
Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000