The net present value of this lockbox arrangement is $1,205,378.06.
Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:
- ((1370 x 880) x 1.0001) - (1370 x 0.25) = X
- 1,205,720.56 - 342.5 = X
- 1,205,378.06 = X
Therefore, the net present value of this lockbox arrangement is $1,205,378.06.
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Answer: C. The seller has a 10(b) claim against the buyer.
Explanation:
10(b) is a section within the Securities and Exchange Commission and are a common source of liability for public companies.
It makes it unlawful to use or employ in relation to the trading of shares or securities.
Over here the buyer made the statement that he was aware that the CEO informed the board via email of a patent sale by Wayport that meant that the corporation would receive net proceeds.
The buyer has unlawful means of source and therefore is thinking of buying additional shares. Buyer is violating the 10(b) section of the securities and exchange commission act.
Answer:
$510 million
Explanation:
If Stealth bank holds deposits of $600 million but has a current market value of $400 million, It holds reserves of $30 million and government bonds worth $80 million.
Therefore the value of the bank's total liabilities will be the fair value of the bank loans $400 million + reserves of $30 million and government bonds worth $80 million.
Hence, the value of the bank's total liabilities is $510 million
Answer:
r = 9.86%
Explanation:
The formula for calculating the future value of an invested amount yielding a compound interest is given by:
where:
FV = future value = $16,000
PV = present value = $10,000
r = interest rate = ?
n = number of compounding period per year = 1
t = time in years = 5
∴ 
dividing both sides by 10,000
to remove the power of 5, we have to take the 5th root of both sides:
Using your calculator:
1.09856 = 1 + r
∴ r = 1.09856 - 1 = 0.09856
r = 0.0986 = 9.86%
∴ r = 9.86%
Answer:
goods produced abroad and sold domestically.
Explanation:
Exports are goods produced in the domestic economy and sold abroad.
Quotas limits placed on the quantity of goods leaving a country.
Countries trade goods for which they have comparative advantage and not absolute advantage.
I hope my answer helps you
