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tatyana61 [14]
3 years ago
15

Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000.

Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

1. $250,000

2. $273,000

3. $455,000

4. $750,000

Explanation:

We know that

Accounting equation is

Total assets = Total liabilities + Shareholder equity

1. The equity would be

= $500,000 - $250,000

= $250,000

2. The equity would be

Total assets = $500,000 + $100,000 = $600,000

Total liabilities = $250,000 + $77,000 = $327,000

So, the equity is

= $600,000 - $327,000

= $273,000

3. Total assets

Total liabilities = $250,000 + $33,000 = $263,000

Owner equity = $250,000 - $58,000

= $192,000

So, the total assets is

= $263,000 + $192,000

= $455,000

4. Total liabilities equal to

= $1,000,000 - $250,000

= $750,000

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Answer:

The the largest loan this buyer can afford is 14,533.75.

Explanation:

This can be determined using the formula for calculating the present value of an ordinary annuity as follows:

Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%

PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?

P = monthly payment = 1000

r = interest rate = 5 1/2% = 5.50% = 0.055

n = number of years = 30

Substitute the values into equation (1) to have:

PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)

PV30 = 1000 * 14.5337451711221

PV30 = 14,533.75

Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%

PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?

P = monthly payment = 1000

r = interest rate = 4 1/2% = 4.50% = 0.045

n = number of years = 20

Substitute the values into equation (1) to have:

PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)

PV20 = 1000 * 13.0079364514537

PV20 = 13,007.94

Conclusion

Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.

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A cosmetic company planned to launch a range of low-cost cosmetics. It decided to undertake research on what kind of cosmetics w
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Answer:

Audience; to maximize the reach and success of the campaign Strategy;

Explanation:

The element of planning is being identified by this process is Audience

The reason why audience is important in the process is because it has the purposeful intention of maximizing the reach and success of the campaign Strategy.

The cosmetic company is planning to launch a range of low cost cosmetics and this will appeal to college students because of their low income level. The success of the campaign therefore depends on the number of college students they are able to reach.

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3 years ago
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Answer:

B

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People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience
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Answer:

c. shoe leather cost.

Explanation:

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Individuals and firms opt to keep as little cash in hand as possible. Holding a lot of cash at such times is not prudent as banks offer high-interest rates. Keeping cash become costly due to currency depreciation. As firms and households keep most of the money in banks, they incur a lot of transport costs and time going to banks to withdraw cash for normal expenses. The time and transport costs incurred are referred to as shoe leather costs.

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