Answer: 11.5%
Explanation:
Annual Percentage Rate (APR) can be defined as the annual rate of percentage earned via investment or charged for borrowing a particular loan.
APR=(( Fees+Interest/principal) /n)×365)×100
where:
Interest=Total interest paid over life of the loan
Principal=Loan amount
n=Number of days in loan term
Using the formulae, if properly calculated, the annual percentage rate (APR) of the loan to the nearest one-half of a percent would be 11.5%
Answer:
100%
Explanation:
401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.
Answer: c. reserves; excess reserves; increase
Explanation: The reserve ratio (cash reserve ratio) is determined by a country's central bank (Federal Reserve in this case) as an important monetary policy tool to increase or decrease the economy's money supply. As such, it is the percentage of a bank's deposits that it must keep in cash as a reserve rather than invest with or lend out.
The reserves in the banking system would remain unchanged when the Fed lowers the required reserve ratio. However, the excess reserve (funds that a bank keeps back beyond what is required by regulation) would rise that would in most instances, lead to an increase in the money supply (due to increases in new loans and checkable deposits).
Answer:
B. liquidity surplus
Explanation:
The expected cash inflows and outflows of the bank can be summarized using the formula provided below:
Net inflow/(outflow)= incoming deposits-acceptable loan requests+ market borrowings-deposit withdrawals+loan repayments
incoming deposits=$55 million(inflow)
acceptable loan requests=$75 million(outflow)
money market borrowings=$35 million(inflow)
deposit withdrawals= $10 million(outflow)
loan repayment=$30 million(inflow)
Net inflow/(outflow)=$55 million-$75 million+$35 million-$10 million+$30 million
net inflow(outflow)=$35 million
The above net inflow of $35 million represents liquidity surplus
Answer:
the investor must file a 13D report with the SEC.
Explanation:
Any investor that holds more than 5% of the outstanding stocks of a publicly traded corporation must file a 13D report. The investor is classified as a beneficial owner by the Securities and Exchange Commission (SEC) since their influence and voting power in the corporation are very large. It must be filed within 10 days of the transaction that resulted in more than 5% in the corporation.