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3 years ago

A check drawn by a credit union on its account at a federally insured bank would be an example of a:

1 answer:

8 0

A check drawn by a credit union on its account at a federally insured bank would be an example of a cashier check. It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank. These are classified as guaranteed as funds since it is the bank that is held responsible for the payment of the amount. These are usually used in real estate and transactions pertaining to brokerage. This type of check has the name of the bank that issued it in an obvious location and it has improved security features like color shifting ink, security thread and watermarks.

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Justice Enterprises is evaluating the purchase of a new computer net system would cost $24,000 and have a useful life of Syears.

Sergeeva-Olga [200]

Answer:

closest to: B) $7777

Explanation:

NPV ( net presetn value) cashflow - investment

<u>cost savings present value (ordinary annuity):</u>

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $8,500

time 5 years

rate 0.12

$8500 \times \frac{1-(1+0.12)^{-5} }{0.12} = PV\\$

PV $30,640.5977

salvage value present value:

$\frac{salvage}{(1 + rate)^{time} } = PV$

Salvage $2,000

time 5

rate 0.12

$\frac{2000}{(1 + 0.12)^{5} } = PV$

PV 1,134.85

NPV: 30,640.60 + 1,134.85 - 24,000 = 7,775.45

4 0

3 years ago

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kow [346]

Answer:

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Explanation:

5 0

2 years ago

Read 2 more answers

Nordstrom sells designer suits made in italy in its stores in the united states. nordstrom is ____ suits. a. importing b. taxing

erica [24]

Importing

What is Importing?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports. Since 1975, the US has had a trade imbalance. The U.S. Census Bureau estimates that in 2019, the deficit was $576.86 billion.

To learn more about Importing
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8 0

1 year ago

The firm projects a rapid growth of 40 percent for the next two years and then a growth rate of 20 percent for the following two

il63 [147K]

Answer:

The price of the stock today is $15.63

Explanation:

The three stage Dividend Discount model will be used to calculate the price of this stock as the dividends are growing at three different growth rates. These dividends will be discounted back to calculate the price of the stock today.

The price per share today under this model will be:

P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [Dn * (1+gC) / (r - gC)] / (1+r)^n

Where,

D1 is the dividend expected for the next period of Year 1.

gC is the constant growth rate or third stage growth rate that will last forever.

P0 = 1.25 / (1+0.2) + 1.25 * (1+0.4) / (1+0.2)^2 + 1.25 * (1+0.4) * (1+0.2) / (1+0.2)^3 + 1.25 * (1+0.4) * (1+0.2)^2 / (1+0.2)^4 +

[1.25 * (1+0.4) * (1+0.2)^2 * (1+0.08) / (0.2 - 0.08)] / (1+0.2)^4

The P0 = $15.625 rounded off to $15.63

7 0

3 years ago

Suppose that Taggart Transcontinental currently has no debt and has an equity cost of capital of 10%. Taggart is considering bor

labwork [276]

Answer:

Option (D) is correct.

Explanation:

We have to use MM proposition that cost of equity will change itself in such a manner so that it can take care of its debt.

Cost of equity:

= WACC of all equity firm + (WACC of all equity - Cost of debt ) × (Debt -to-equity ratio)

At the beginning, when there was no debt,

WACC = cost of equity = 10%

Levered cost of equity:

= 10% + ( 10% - 6%) × 0.2

= 10.8%

Therefore, Taggart's levered cost of equity would be closest to 11%.

8 0

3 years ago