Answer:
c) $758,300
Explanation:
Amount of Loan = $1,000,000
Interest rate = 9% per year = 9% / 4 = 2.25% per quarter = 0.025
Interest amount = $1,000,000 x 2.25% = $22,500
First Quarter payment = $264,200
Principal Payment = First Quarter payment - Interest paid
Principal Payment = $264,200 - $22,500
Principal Payment = $241,700
Amount Due on December 31 = $1,000,000 - $241,270 = $758,300
Complete Question:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is:
Group of answer choices
A) the safety of the principal invested.
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
C) the yield is always higher than mortgage yields.
D) the yield is always higher than bond yields.
Answer:
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Explanation:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Generally, common stocks are considered by financial experts or broker-dealers to be a suitable type of investment of variable annuities because the prices of common stocks in the market are not fixed and as such they are affected by economical changes such as inflation or recession.
Option d. Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of gender.
<h3>What is discrimination?</h3>
This is the type of bias that may exist in the society because of where a person is from, their tribe, religion and their beliefs.
Discrimination based on gender is an offense against an employee who is competent and qualified for a job.
Read more on discrimination here:
brainly.com/question/1084594
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Answer:
$31,670
Explanation:
Given that,
Revenue earned on account during Year 2 = $111,000
Cash collected from its receivables accounts during Year 2 = $76,000
Uncollectibles:
= 3% of its sales on account
= 0.03 × $111,000
= $3,330
Net realizable value of Miller's receivables at the end of Year 1:
= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles
= $111,000 - $76,000 - $3,330
= $31,670
Answer:
Angle Paid $6,000 for the share which has value of $50,000.
Explanation:
The value of the stock is calculated by dividing the dividend ( expected return) with Net Discount rate of Growth rate.
Expected Dividend = $400
Growth = 0% ( as dividend is expected to be same for indefinite period of time)
Discount rate = 8%
Price of the Bond = Dividend / ( Discount rate - Growth rate )
Price of the Bond = $4000 / ( 8% - 0% )
Price of the Bond = $4000 / 8%
Price of the Bond = $4000 / 0.08
Price of the Bond = $50,000
Angle Paid $6,000 for the share which has value of $50,000.
