Answer:
a. $58,400
Explanation:
A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.
<em><u>Calculations</u></em>
principal x discount rate x time = discount
<em><u>Where</u></em> rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.
60,000 x 0.08 x 120/360 = 1,600
Now, we subtract this amount form the nominal:
nominal - discount = net
60,000 - 1,600 = <u>58,400</u>
Answer:
Their allowable tax deduction on the mortgage interest is $1904
Explanation:
In arriving at the tax savings,the interest on mortgage needs to be ascertained.
Interest on mortgage=8%*$85000
Interest on mortgage=$6800
However,the tax savings on the interest is by applying the tax rate of 28% to the interest on mortgage
Tax savings=28%*$6800
Tax savings=$1904
Operations management are multiple activities that create value for consumers by way of a good or service. The create the good or service and put them out in the market.
When planning a managing a large product you need to make sure that the phases are follow throughly and accurately.
Phase 1) Planning
Phase 2) Scheduling
Phase 3) Controlling
Answer:
E. Preacquisition earnings are ignored in the consolidated income statement.
Explanation:
This is the statement that is true about the presentation of a consolidated financial statement. A consolidated financial statement is a statement of an entity that has several divisions or subsidiaries. Therefore, this statement would aggregate the reporting of an entity structured with a parent company and subsidiaries.
The buyer of a put expects the price of the underlying stock to rise is a. true
<h3>
What does buying a put mean?</h3>
- Short selling and put options are fundamentally negative methods used to speculate on the underlying securities or index's possible decline.
- Short selling and buying put options are both bearish techniques that increase in profitability when the market falls.
- Short selling is selling a security that the seller does not own but borrows and then sells in the market, with the possibility for substantial losses if the market rises.
- Purchasing a put option grants the buyer the right to sell the underlying asset at the price specified in the option, with the maximum loss being the option premium paid.
learn more about buying a put refer:
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