Answer:
Ans. c) The annual percentage rate of the loan is approximately 913%
Explanation:
Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.
That is:
So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.
That is 913% per year.
Best of luck.
Answer:
Mandy Capital Debit: 100,000
Brittney Capital Credit: 100,000
Explanation:
The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.
Answer: $18,750.00
Explanation: So what you'll do is (12,500 * 2) + 12,500 / 2 = 18,750
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Answer: Option C
Explanation: Capital asset pricing model is a method of computing cost of equity an entity has to bear for financing its projects.
It can be shown as following :-
Ke = Rf + β * (ERm - Rf)
where,
Rf = risk free rat
β = beta of the investment
ERm = expected rate of return
Ke = cost of equity
Hence, the correct option is C
