Solution :
At every stage the formula used will be :
After the junior year, Aunt Mabel's bank balance will be :
= $ 7,322.65
Aunt Mabel's bank balance after sophomore year will be :
7,322.65 + 1000 = $ 8,322.65
= $ 8060.677
After the freshman year, bank balance of Aunt Mable's will be :
8060.677 + 6000 = $ 14,060.677
= $ 14.0606
If Aunt Mabel can predict the interest rate with accuracy, she will have to deposit :
$ 14.0606 + $ 9000 = $ 9,014.06
= $ 8,565.241
Answer:
I dont know the answer but I want whatever job she has
Answer:
Consider the following calculations
Explanation:
Step 1. Given information.
Asset Cost Adjusted Basis
--------------------------------------------------
Skidder 230,000 40,000
Driller 120,000 60,000
Platform 620,000 0
-------------------------------------------------
Total 970,000 100,000
Step 2. Formulas needed to solve the exercise.
Allocation for each asset = value sold * (adjusted basis / total)
Gain on sale = Sales price - Adjusted basis amount
Step 3. Calculation and Step 4. Solution.
Sales price is allocated on the basis of adjusted value.
- Skidder = 300.000 * 40.000/100.000 = 120.000
- Driller = 300.000*60.000/100.000 = 180.000
- Platform = 300.000*0/100.000 = 0
Gain on sale = Sales price - Adjusted basis amount
= 300.000 - (40.000 + 60.000 + 0)
= 200.000
The answer is b. 6
There are 6 types of bankruptcy outlined by title 11 of the United States Codes. Those cases are :
- Chapter 7
Bankruptcy governs the process of liquidation. Designed for debtors in financial difficulity who do not have the ability to pay their debt
- Chapter 9
Bankruptcy available exclusively for municipalities
- Chapter 11
Which designed for reorganization of a business
- Chapter 12
Similar to cahpter 11, but only apply for farmers and fishermen
- Chapter 13
Which designed for debt rehabilitation
- Chapter 15
If the bankruptcy case involve some assets that was spread across the country
Answer:
The correct answer to the following question is warehousing.
Explanation:
Warehousing can be defined as process in which banks and lenders would provide mortgage loans to consumers , with the intention of quickly selling those loans in the secondary market. Here the individual loans would be bundled together based on some common element like size of the mortgage or the creditworthiness of the borrowers and all these loans would be sold as a single unit.
