Answer:
Explanation:
Interest rate can be calculated using calculator
a) Insert N = 25, PMT = 23.6, PV = -334, FV = 0 => Compute I/Y = 5.0%
b)
you should take the lump sum payment - IF you could earn a rate higher than 5%
you should take annuity - IF your required return is below 5%
D is the answer!!!!!Hope this helped
Answer:
the promised gross rate of return on the loan is 7.52%
Explanation:
The computation of the promised gross rate of return is shown below:
= (Rate of interest + Origination fees) ÷ [1 - (Demand deposit x (1 - Reserve requirement)]
= (6.55% + 0.5%) ÷ [1 - (7% × (1 - 10%)]
= (0.0655 + 0.005) ÷ [1 - (0.07 × (1 - 0.10)]
= 0.0705 ÷ (1 - 0.063)
= 0.0705 ÷ 0.937
= 0.07524 or 7.52%
Hence, the promised gross rate of return on the loan is 7.52%
Answer:
The correct word for the blank space is: Stories.
Explanation:
Stories tell employees facts of the company that occurred in the past and led the organization to be positioned where it currently is. It usually includes events of how the company started, who were the initial owners, and what happened with the enterprise that allowed its success or failure.
Answer: 1. Goodwill
2. a. Record no entry in the books
b. Record a loss in the books
Explanation:
1. The Special asset created by Heartland Telecom's acquisition of Surety Wireless is Goodwill.
Goodwill is the difference between what the company was worth and what it was purchased for if the purchase price was higher than the worth (market value).
2. a. Goodwill should be accounted for by recoding it in the Long term Assets under Intangible Assets in the balance sheet. It should not be amotrized. If Goodwill increases, there should be no recording this <u>gain</u> on the books.
b. If the value of the asset has decreased, Heartland should record a loss in the books to represent the loss on this account.