Answer:
$9583.89
Explanation:
value of each payment (P): $2,100
interest rate per period (r): 12/100 = 0.12
number or periods (n): 7
present value of annuity (PV): ??
using the annuity formula: 
PV = $9583.89
Answer:
$17,400
Explanation:
Given that,
Purchased cash registers on April 1 = $18,000
Estimated useful life of asset = 5 years
Using straight line depreciation method,
Depreciation:
= (Original cost - Salvage cost) ÷ Estimated useful life
= ($18,000 - $0) ÷ 5
= $3,600 per year
Two months depreciation:
= Depreciation per year × (2 ÷ 12)
= $3,600 × (1 ÷ 6)
= $600
Book value of the cash registers on May 31:
= Original cost - Two months depreciation
= $18,000 - $600
= $17,400
Connie can best be described as Solo Operator type of entrepreneur.
Explanation:
Connie is a single mother who works from home on her small business which is her primary source of income but is ridden by the work of house and work which makes her unable to expand her business as she cannot invest enough time in it.
This is happening because she is a sole operator as in she has to take all the decisions and do all the work by herself with no additional help from anyone else whatsoever in the family or the work front either.
Their primary goal is <span>To protect consumers by regulating financial products and services.
Without their regulations, many corporations that operate in financial services tend to do several things that would hurt the consumers such as doing inside tradings or not fully disclose their financial situation by opening a fake corporations offshore.</span>
Answer:
Before-tax cost of debt ⇒ A. The interest rate the firm must pay on new long-term borrowing.
This refers to the interest rate that a firm will pay on long term borrowing as compensation to the lenders for lending the company some funds.
Cost of preferred stock ⇒ C. rate of return investors require based on the preferred stock dividend.
The cost of the preferred stock is the rate of the preferred dividend that investors require they are paid every year if dividends can be paid and sometimes even when it cannot.
Cost of Common Stock ⇒ B. the rate of return on retained earnings, and adjusted for flotation costs .
Commons stock costs is the required return on the retained earnings of a company.
WACC ⇒ D. the average cost of raising new financing.
Weighted Average Cost of Capital (WACC) represents the total cost of raising capital for the company as it incorporates the costs of debt, preferred stock and common stock.
