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4 years ago

When it is a means of paying for goods and services and discharging debts, money is referred to as a?

Business

1 answer:

aksik [14]4 years ago

7 0

I think my answer is an asset fund because it is a means of paying for goods

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The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu

Karo-lina-s [1.5K]

Answer:

Fund balance at December 31th, 2030 $ 1,381,644.80

Explanation:

We should calculate the future value of a 10-years annuity of 100,000 at 7% interest rate:

$C \times \frac{(1+r)^{time} -1}{rate} = FV\\$

C 100,000

time 10 years

rate 7% = 7/100 = 0.07

$100000 \times \frac{(1+0.07)^{10} -1}{0.07} = FV\\$

FV $1,381,644.7961

6 0

4 years ago

Before you buy a car you need to know your need and your

olganol [36]

<h2>Before you buy a car you need to know your need and your <u>budget</u></h2>

Explanation:

There are many things associated with the car:

1. Test drive: You can do a test drive check whether the car suits your style and it is driver-friendly and also whether it is worth for the money

2. Check for credit score: You can check your credit score to save your money though not huge but a little

3. Compare prices: Compare the prices of the car with other shops and choose the best one.

4. Do a review of repair records: It is better to check the review so that we can assess the life time of the car and in tandem with the amount of the car.

Last but not the least, you must understand your need and the budget because these are two essential things which comes in front of you when you think about buying a car.

3 0

4 years ago

True or false? you have to be careful because other people will try to steal your idea.

Elanso [62]

True rather be safe then sorry

7 0

3 years ago

A stock has a required return of 11%; the risk-free rate is 7%; and the market risk premium is 4%.

kotegsom [21]

Answer:

The Beta is 1

The required return increases to 13%

Explanation:

The formula for required return is given below:

Required Return = Risk-Free Rate of Return + β(Market Return – Risk-Free Rate of Return)

required return is 11%

risk-free rate of return=7%

Beta is unknown

market return-risk free rate of return is market risk premium is 4%

11%=7%+beta(4%)

11%-7%=beta*4%

4%=beta*4%

beta=4%/4%

beta=1

If the market risk premium increased to 6%,required return is calculated thus:

required return=7%+1(6%)

required return =13%

This implies that the riskier the stock, the higher the market risk premium, the higher the required return to investors.

6 0

4 years ago

On January 1, 2018, Baddour, Inc., issued 10% bonds with a face amount of $168 million. The bonds were priced at $147.2 million

bagirrra123 [75]

Answer:

(A)Balance sheet

Bonds at September 30th

Bonds Payable 168,000,000

Discount on Bonds (20,152,000)

Interest Payable 12,600,000

Net 160,448,000

(B) Income Statment

Interest Expense 13,248,000

(C)Cash Flow Statment

Financing

Cash generate for Bonds issued 147,200,000

Explanation:

Jan 1st, 2018 168,000,000 face value

Issed at 147.2M for an effective rate of 12%

Discount of 20.8M

Bonds at September 30th

<em>accrued interest expense:</em> 147,200,000 x 12% x 9/12 = 13,248,000

<em>interest payable: </em>168,000,000 x 10% x 9/12 = 12,600,000

<em>amortization of Discount:</em> 648,000

7 0

3 years ago