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s344n2d4d5 [400]
3 years ago
15

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded s

emi-annually. How much will Coronado have in the account after 6 years if interest is reinvested?
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

Future Value= $156,901.16

Explanation:

Giving the following information:

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded semi-annually.

To calculate the future value of this investment, we need to use the following formula:

FV=PV*(1+i)^n

PV= 98,000

i= 0.08/2= 0.04

n= 6*2= 12

FV= 98,000*(1.04^12)= $156,901.16

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If any dispute between the parties arises regarding the deposited escrow money, the sponsoring broker should?
Ksivusya [100]

The sponsoring broker should not release the money without a written release from both parties.

If there is any dispute between the parties arises regarding the deposit of Escrow money, the sponsoring broker should not release the money without a written release from both parties or both parties' assigned agents.

In the event a dispute arises over whether or not the earnest cash should be again (for instance, if the seller argues that the purchaser did not notify the seller in a well-timed manner of the cause to return out of the settlement), the escrow holder will hold to keep the earnest money till the dispute is resolved.

The two important factors for a legitimate sale escrow are a binding agreement/agreement between buyer and seller and the conditional shipping to an impartial third party of something of fee, as described, which generally consists of written gadgets of conveyance (provide deed) or encumbrance.

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6 0
1 year ago
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the averag
mestny [16]

If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will be less than $6.50

If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48.

The marginal cost is the variation in total cost brought on by an increase in output, or the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount.

The total cost is expressed in dollars, whereas the marginal cost is expressed in dollars per unit. The marginal cost is the slope of the total cost, or the rate at which it increases with production.

Marginal cost is the distinction between average cost, which is the total cost divided by the number of units produced.

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8 0
1 year ago
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all c
ozzi

Answer:

See below

Explanation:

Computation of free cash flow for Monach textiles, 2017

EBIT = EBT + Interest expense EBIT

EBIT = $408 + $50

EBIT = $458

Tax rate = Tax / EBT

Tax rate = $163.20 / $408

Tax rate = 0.4 = 40%

Operating cash flow = EBIT × (1 - Tax rate) + Depreciation - Change in net working capital - Capital expenditure

= $458 × (1 - 0.4) + $82 - ($640 - $360) - ($460 - $280)

= $274.8 + $82 - $280 - $180

= $274.8 + $92 - $100

= $256.8

5 0
3 years ago
Which of the following do you NOT need to do upon the completion of an interview a. Draft a formal offer letter b. Evaluate your
AnnZ [28]

Answer: A. Draft a formal offer letter is not something you need to do following the compleition of an interview. After an interview, if you are qualified and wanted for hirer by the organization, they will likely draw up a formal offer letter and provide that to you when offering you the position. The formal offer letter typically includes the date of start and monetary offer the company is willing and able to pay.

5 0
3 years ago
Read 2 more answers
Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable
Vikentia [17]

Answer:

We can assume that both Strike and Bailey are American companies and that they operate in that US under the UCC rules. Under UCC rules they are both considered merchants since they trade with the goods related to the contract.  Strike's offer was very precise and Bailey's acceptance was made in a reasonable manner which can be considered a valid acceptance.

The only difference exists with the shipping company, which the UCC rules consider a conflicting term and Strike should have either objected or ratified it before sending the goods. Since Strike didn't object Bailey's terms, then by using a different truck company it is breaching the contract.

8 0
3 years ago
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