Answer: $6375
Explanation:
Since the bank has agreed to lend $51,000, which is 80% of the sales price, then the sales price will be:
= $51,000/80%
= $51,000/0.8
= $63750
The additional funding must the buyer provide to complete this transaction will be:
= $63750 - $51000 - (10% × $63750)
= $63750 - $51000 - $6375
= $6375
The first step to creating any sort of business is to plan.
Answer : Write a business plan.
Doing so will allow you to know what will happen in what order, so it doesn't all come at you unexpectedly, and this typically makes starting a business much smoother.
Hope this helped! :)
China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world China is becoming more of a market economic system.
Generally China is defined as a mixed economy market. But it is a planned economy with most of the characteristics of the market economic system under the trend of the globalization.
For example: China government planned to focus on electric cars and thus the same china did and for the cars which were produced in China and sold in China only were provided with the government subsidy.
However China government also plans for those things which it does not want to see in the market such as stopping corporations inside trade on stocks.
To know more about market economic system here:
brainly.com/question/13340111
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Answer:
$24.38
Explanation:
The computation of the one share of worth is shown below:
= Eight-year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend for eight-year
s would be
= Annual dividend × (1 + growth rate)^number of years
= $1.18 × (1 + 3.25%)^8
= $1.18 × 1.291577535
= $1.524061492
The other items rate would remain the same
Now placing these values to the formula above
So, the price would equal to
= $1.524061492 ÷ (9.5% - 3.25%)
= $24.38
