Answer:
9.87%
Explanation:
Calculation to determine What APR do you have to earn in order to achieve your goal
$2.7 million = $600{[(1 + r)444 − 1] / r}
r = .0082*100
r=.82%
r = .82% × 12
r = 9.87%
Therefore the APR you have to earn in order to achieve your goal is 9.87%
Answer:
Payment of insurance premium include in last quarter = $204,000
Explanation:
Given:
Insurance premium during the year = $816,000
Number of quarter in the year = 4
Computation of payment include in last quarter:
Payment of insurance premium include in last quarter = Insurance premium during the year / Number of quarter in the year
Payment of insurance premium include in last quarter = $816,000 / 4
Payment of insurance premium include in last quarter = $204,000
Answer:
Human Capital
Explanation:
A leader must be able to control a team (human capital), lead it, and push them to obtain the results needed.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
1. Insurance expense for 6 months = 12,960 x 6/36
= $2,160
Prepaid insurance on December 31, 2021 = 12,960 - 2,160
= $10,800
2.Interest expense for 2 months = 220,000 x 12% x 2/12
= $4,400
Kindly comment if you need further assistance. Thanks