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3 years ago

What were the main reasons grange decided to leave school in order to start his own team?

1 answer:

3 0

One of the main reason is He <span>Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.</span>

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A small office building is purchased for $1,200,000 with a balloon mortgage that is due at the end of year 10. Payments are base

anygoal [31]

Answer:

$12,000 during the first year or $1,200 per year during 10 years

Explanation:

The IRS considers mortgage points as interest paid in advance, and generally individuals and small businesses will deduct them entirely during the current year. But the taxpayer can choose to deduct that amount ratably over the life of the loan (in this case 10 years). Of course most people chooses to deduct them completely during the first year because the IRS doesn't recognize any interest.

7 0

3 years ago

Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be comp

melisa1 [442]

Answer:

The price will the state bonds sell would be $951.46

Explanation:

In order to calculate the price will the state bonds sell we would have to make the following calculation:

price will the state bonds sell=price to be converted/(1+interest rate)∧n

According to given data we have the following:

price to be converted=can be converted to $1,000 at maturity date of five year from purchase

interest rate=1%

n=5

Therefore, price will the state bonds sell=$1,000/(1+1%)^5

price will the state bonds sell=$951.46

The price will the state bonds sell would be $951.46

3 0

3 years ago

A small construction company has $110,000 set aside in a capital improvement fund to purchase new equipment. If $18,000 is inves

romanna [79]

Answer:

21.26%

Explanation:

Overall rate of return = Total amount of dollar returns / Total investment

Overall rate of return = [($18,000 * 26%) + ($22,000 * 15%) + ($70,000 * 22%)] / $110,000

Overall rate of return = ($4680 + $3300 + $15400) / $110,000

Overall rate of return = $23,380 / $110,000

Overall rate of return = 0.21255

Overall rate of return = 21.26%

8 0

3 years ago

Which of the following investments would have the highest future value at the end of 10 years? Assume that the effective annual

LenaWriter [7]

Answer:

The investment that will have the highest future value is option b.

Explanation:

First lets suposse the effective annual rate is 10%

a. Future value= $2,500

c. First you must obtain the net present value of all cash flows with the formula attached, for example:

NVP= ($250/(1+10%)^1)+($250/(1+10%^2)+($250/(1+10%^3)... and so on until year 10

With the excel formula "NPV" you can calculate the net present value specifying the interest rate, the cash flows.

The NPV= $1,536.14

And then you calculate the future value of this answer with this formula:

VF=VP(1+i)^n

VF= $1,536.14*(1+10%)^10

VF=$3,984.36

b. If payments are due at the beginning of every year means that at year 0 you start with $250. You must calculate the NPV in this way

NPV= $250+($250/(1+10%)^1)+ )+($250/(1+10%^2)+($250/(1+10%^3)... and so on until year 10

NPV= $1,786,14

And then you calculate the future value of this answer:

VF= $1,786,14*(1+10%)^10

VF=$4,632.79

d. First, you must convert the annual interest rate into semi-annually interest

10% Annually effective is 4,88% Semi-anually effective

NPV=$125+($125/(1+4,88%)^1)+ )+($125/(1+4,88%^2)+($125/(1+4,88%^3)... and so on until period 20

NPV=$1,698.75

And then you calculate the future value of this answer:

VF= $1,698 *(1+10%)^10

VF=$4,405.37

The investment that will have the highest future value is option b.

3 0

3 years ago

Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt t

-Dominant- [34]

Answer:

New Credit Corporation.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Also, mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In this scenario, Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is New Credit Corporation as agreed upon by Lyle and Miranda.

An intended beneficiary can be defined as a third-party deemed to be the recipient of an action with respect to the execution of a contract.

4 0

3 years ago