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maxonik [38]
4 years ago
5

Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full

amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest. Which statement describes Sal’s purchase?
Business
2 answers:
Dvinal [7]4 years ago
9 0
Given that <span>Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest.

The statement that describes Sal’s purchase is "</span><span>Sal used a debit card and paid a total of $324.80 for the stereo".</span>
Kamila [148]4 years ago
6 0

Answer:

Given that Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest.

The statement that describes Sal’s purchase is "Sal used a debit card and paid a total of $324.80 for the stereo".

Explanation:

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Unrealized Loss on Trading Investments a.is reported on the income statement in the operating expenses area. b.is reported on th
11Alexandr11 [23.1K]

Answer: D. is reported on the income statement separately, or as a part of Other Income and Expense, depending on its significance.

Explanation: Unrealized losses are losses that have been inputted on paper, but the corresponding transactions have not been completed. They are also known as paper loss, due to their being recorded on paper; and are changes in the value of assets or liabilities that have not yet been settled. They are reported on the income statement separately or as a part of other income and expense (accumulated comprehensive income), usually found in the equity section of the balance sheet.

5 0
4 years ago
Assume the risk-free rate is 4%. You are a financial advisor, and must choose one of the funds below to recommend to each of you
qwelly [4]

Answer:

Following are the solution to the given point.

Explanation:

Calculate each fund's Sharpe ratio. It Fund is the best danger reward with the highest Sharpe ratio.

\text{Sharpe Ratio} = \frac{\text{(Fund return - \text{risk free return)}}}{Volatility}\\\\\to Fund A= \frac{(10\%-4\%)}{10\%} = 0.6\\\\\to Fund B= \frac{(15\%-4\%)}{22\%} = 0.5\\\\\to Fund C = \frac{(6\%-4\%)}{2\%}=1.0\\\\

Fund C consequently offers the best risk-benefit. and without understanding client risk preference, we will advise Fund C for any clients. If a client wants to have a 22 percent minimum volatility, we'll nevertheless propose that Fund C instead of Fund B is available, because an investor can take risk-free rates to the degree that the total portfolio volatility stands at 22 percent and deposit it in Fund C.

8 0
3 years ago
It is always a good idea to bring along extra
prohojiy [21]

Answer:

In my personal opinion A would ve the best answer

Explanation:

what if you have two job interveiws and the first one wants to for sure keep it

7 0
4 years ago
Read 2 more answers
cpnsider capm the risk free rate is ^5 and the expected return on the market is 18% what is the expected return on a stock with
borishaifa [10]

Answer:

Expected return = 21.9 %

Explanation:

<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta</em>.  

Under CAPM, Ke= Rf + β(Rm-Rf)

Rf-risk-free rate (long-term i.e 10 year treasury bill rate), β= Beta, Rm= Return on market., Ke- Return on equity (cost of equity)  

This model can be used to work out the cost of equity as follows:  

Ke= Rf + β (Rm-Rf)  

Rf- 5%, β= 1.3, Rm- 18, E(r)- ?  

Ke =  5% + 1.3×(18-5)%=21.9 %  

Ke = 21.9 %

Expected return = 21.9 %

5 0
4 years ago
Prashant is shopping for a new pair of athletic shoes. Since he is concerned about both the price and the quality aspects of a p
DochEvi [55]

Answer:

B. Value-conscious.

Explanation:

In the scenario above Preshant can easily be tagged a value-conscious consumer particularly because of her keen interest and concern for price and goods quality.

It is also noted that their have always been segments of the population to whom value has mattered. This is especially the low-income families have long since used tactics such as coupon clipping to get the most out of their spend. However, as the economy recovered and strengthened, this prediction did not materialize.

8 0
3 years ago
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