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max2010maxim [7]
3 years ago
6

Select the budget that would most quickly achieve the financial goal of saving $6000 for college tuition. Monthly Budget Budget

A Budget B Budget C Budget D Income $1250 $1000 $1125 $1500 Expenses Rent Utilities Food Cell Phone Savings Personal Items Entertainment Car Expenses Clothing $200 $70 $150 $0 $600 $120 $30 $0 $20 $200 $80 $250 $75 $50 $10 $100 $200 $0 $300 $75 $160 $40 $200 $25 $20 $0 $300 $0 $0 $400 $110 $450 $50 $150 $250 $50 Net Income $60 $35 $5 $40 a. Budget A b. Budget B c. Budget C d. Budget D
Business
1 answer:
Artemon [7]3 years ago
7 0

Answer:

it's A.

Explanation:

Just took the test

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Use the adjusted trial balance for Stockton Company to answer the question that follows.
Reil [10]

Answer:

c. $22,058.

Explanation:

7 0
2 years ago
Rollins Corporation is constructing its marginal cost of capital (MCC) schedule. Its target capital structure is 30 percent debt
MrRissso [65]

Answer:

The After Tax Cost of Debt = 0.072 or 7.2%

Explanation:

The question is to determine the After Tax Cost of Debt for Rolling Stone.

This is carried out as follows

Step 1: When we decide to calculate the Yield to Maturity, it should be noted that Market Value = Par Value

Therefore,

Coupon Rate which is the same as the Yield to Maturity (YTM) = 12%

Step 2: Based on this derivative, therefore,

After Tax Cost of Debt = Yield TO Maturity Rate (1-Marginal Tax Rate)

= 12% (1-40%)

= 0.12 (1-0.4)

The After Tax Cost of Debt = 0.072 or 7.2%

6 0
3 years ago
The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December
Maksim231197 [3]

Answer:

Balance Sheets    

2020          2019                Deviation  

$292,050 $128,700  $163,350        Cash

$163,350   Cash Flow Ind Method  

$264,000   Net Income  

$28,050   Depreciation  

-$49,500   Dividends  

$36,300   Investments  

$8,250           Accounts Receivable  

-$28,050   Current Liabilities  

-$95,700   Property and Equipment  

Explanation:

To prepare the statement of cashflow it's necessary to calculate the difference between the balance on each year.

First we need the value of the Net Income and Depreciation of the year as initial value of the cash flow ($264,000+$28,050),  

then we deduct the amount of dividends paid during the year (-$49,500).  

Then we begin to calculate the Assets section, everytime that the Assets are higher than the past year we have to put money  

from the cash flow to compensate the assets increase and vice versa, with exception of the Cash Accounts that we are calculating.

Per Example: Accounts Receivable +$8,250 and Investments +$36,300.

Property decreased Cash flow which means that we buy some assets (-$97,500 )

Then with the Liabilities we do the same but in this case an increase in the liabilities means we have more money to our cash flow,

per example, an increase in the accounts payable means that we paid less to our suppliers so we have the money in the cash accounts.  

Total Current Liabilities decrease $28,050 , we paid more liabilities than the past year, so we have to use cash.  

To complete the cash flow statement  it's necessary that the amount of the statement be equal to the deviation in the cash account between the past year and the current one  

6 0
3 years ago
Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948. 75.
d1i1m1o1n [39]

The time taken to break even at buying 1 point will be in<u> 9 years</u>.

Given,

  • Monthly mortgage payment =$958
  • Monthly payment will be reduced to buy 1 point =$948.75
  • Cost of each point =$1,000

Computation:

1. The computation of the reduced amount in the monthly mortgage payment:

\begin{aligned}\text{Reduced Amount}&=\text{Original Payment}-\text{Reduced Payment}\\&=\$958-\$948.75\\&=\$9.25\end{aligned}

2. The computation of yearly mortgage payment:

\begin{aligned}\text{Yearly Mortgage Payment}&=\text{Reduced Amount}\times\text{Total Months in a Year}\\&=\$9.25\times12\\&=\$111\end{aligned}

3. The computation of the number of years for the break-even by buying 1 point:

\begin{aligned}\text{Number of Years}&=\dfrac{\text{Cost of Point}}{\text{Amount og Yearly Mortgage Payment}}\\&=\dfrac{\$1,000}{\$111}\\&=9.00\;\text{Years}\end{aligned}

Therefore, to break even by buying 1 point the holder requires 9 years to reach.

To know more about mortgage payments, refer to the link:

brainly.com/question/1542555

4 0
2 years ago
What is the typical relationship between time and interest rate?
melamori03 [73]
<span>Time and interest rates are directly related to one another. When paying a loan that accures interest, the longer it takes for you to pay the loan back, the more interest you are going to pay on that loan. Over time, the interest adds up and can be a large sum of money, if you want to pay a lower amount of interest, it is often beneficial to pay off the loan in a quicker amount of time. </span>
3 0
3 years ago
Read 2 more answers
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