Answer: A. incorrect because part of each payment is to principal and to interest. Therefore, only a portion of the payment goes to interest, so the full amount should not be included when computing the rate of interest paid.
Explanation:
When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.
The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.
The correct answers are, Public, Environment, Derivative Suit, Benefit Report.
Explanation:
Any corporation which is established to benefit people, society and the environment, is called as the Benefit corporation.
The main purpose is to benefit the Public, so the directors must consider the impacts of their decisions on society and the Environment. Shareholders have an additional right to private action called a Derivative Suit, that allow them to sue the corporation for failure to pursue the purpose. Finally, benefit corporations must issue an annual Benefit Report on its performance and include a third party standard of assessment.
Learn more about Benefit Corporations at:
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Answer:
The answer is b. Advocacy research
Explanation:
Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.
Answer:
11.96%
Explanation:
Calculation for Torch Industries company's cost of preferred stock,
Using this formula
Cost of preferred stock = Dividend / Stock Price * 100
Where:
Dividend =$7.00
Stock Price = $58,50
Hence,
= $7 / $58.50 * 100
= 11.96%
Therefore the company's cost of preferred stock will be 11.96%
$8,000,000 - corporate issued
5 % - annual interest
30 % - income tax rate
Annual net cash cost - ?
Formula and Solution - (8,000,000 x 0.05) x 0.7 = 280,000
Answer: The Annual net cash cost - $280,00
