Answer:
76 months
Explanation:
If Lisa only pays the $20 minimum monthly payment, it will take her 76 months to repay her debt (6 years and 4 months). She will also end up paying almost $540 in interest.
If you have a credit card it is never a good idea to pay only the minimum monthly payment since you will end up paying a lot of interest and usually other fees and charges apply.
Answer:
the intrinsic value of the stock is $60
Explanation:
The computation of the intrinsic value of the stock is as follows:
But before that the cost of equity is
The Cost of Equity is
= Risk Free Rate + Beta × (Market Return - Risk Free Rate)
= 8% + 0.80 × (18% - 8%)
= 16%
Now
Intrinsic Value is
= Next year Dividend ÷ (Rate of Return - Growth rate)
= $3 ÷ (16% - 11%)
= $60
hence, the intrinsic value of the stock is $60
Answer:
Dr Cash $825
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
Explanation:
Preparation of the journal entry that Concord Company make upon receipt of the check
Dr Cash $825
($800+$25)
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
(To record receipt of the check)
Sales discount=(Sales Price -Sales return) × 1%
Sales discount=($3300 - $800) × 1% = $25
Answer:
in Texas, the amount of oil and natural gas produced together with the market price determines the amount of tax to be generated.
Sales representatives and brokers should work under a signed labor agreement that may or may not permit broker deductions.
How Do Brokers Work?
A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.
Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself. To assist investors in deciding which broker is best for them, Investopedia routinely examines all of the major brokers and keeps a list of the top online brokers and trading platforms.
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