Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
Answer:
the value of the cash flow in year 5 is -$48
Explanation:
Cash flow in year 5 include a capital repayment and interest expense.This can be determined by constructing an amortization schedule from the data given.
The first step in constructing the amortization schedule is to find the Yield to Maturity.
Pv = -$600
Pmt = $600 × 8% = $48
P/yr = 1
N = 10
Fv = $600
YTM = ?
Using a Financial Calculator the Yield to Maturity is 8%.
then to determine the cash flow for year 5, we need the coupon amount (interest) and the amount of capital repayment.
Coupon $48
Capital $0
Total $48
Therefore the cash flow in year 5 is -$48.
Answer:
$118250
Explanation:
You have $118250 at your disposal to spend; regardless of it being a loan or not.
Cheers
Answer: John is frictionally unemployed, and Curtis is structurally unemployed.
Explanation:
John is frictionally unemployed because he is in the process of moving from one job to another and there is a high possibility he would secure his desired job, while Curtis is structurally unemployed because of the general unavailability of accounting jobs.
Answer:
Break-even in composite units = 4364 units (rounded off)
Explanation:
The break-even point in composite units is used when there are two or more products. It is calculated by first calculating the individual Contribution of each unit and then calculating the weighted-average contribution per unit. Then the Total Fixed costs are divided by the weighted average contribution per unit.
Following are the calculations,
- Contribution per unit (Basic) = 100 - 75 = 25/unit
- Contribution per unit (Premium) = 150 - 100 = 50/unit
- Weighted average contribution = (25 * 5/8) + (50 * 3/8) = 34.375/unit
- Break-even in composite units = 150000 / 34.375 = <em>4363.636364 units</em> rounded off to <em>4364 units</em>.
