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r-ruslan [8.4K]

3 years ago

5

Genetech has $4,000,000 in assets. It has decided to finance 30% with long-term financing (9% rate) and 70% with short-term fina

ncing (7%) rate. What will be its annual interest costs?

1 answer:

Alecsey [184]3 years ago

6 0

Answer:

$304,000 annual interest costs

Explanation:

30% of 4.000.000 = 1.200.000
70% of 4.000.000 = 2.800.000
1.200.000*0.09 + 2.800.000*0.07 = 0.108 + 0.196 = 0.034 Millions

In other words

$304,000

30% of 4million= 1.2m

70% of 4m = 2.8m

(1.2m*0.09) +( 2.8m*0.07 )= 0.304m or $304000

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Volgvan

Answer:

LARSON, NORRIS, SPENCER AND HARRISON

PREDISTRIBUTION PLAN FOR LIQUIDATING PARTNERSHIP

ASSET

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liquidating expense <u> (8,000) </u> 20,250

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<u> 0 </u>

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share of liquidation expenses

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