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3 years ago

What happens if you pay off an installment loan early?

Business

2 answers:

Dmitry_Shevchenko [17]3 years ago

8 0

Answer:

the prepayment fee is wrong

Explanation:

it is probably B

choli [55]3 years ago

7 0

You'll incur a prepayment fee

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Investment companies or mutual funds that continue to sell and repurchase shares after their initial public offerings are referr

Furkat [3]

Answer:

Open end

Explanation:

Open end otherwise known as mutual fund are those investments offered through fund companies which sells shares directly to investors. In an open end fund investment, there is no limit to the number of shares that can be offered therein. The shares traded are unlimited which means that shares can be issued in as much can be backed up with funds.

The prices for open end funds are fixed once daily which shows the performance of the investment for that day hence the only price at which investment shares can be bought for that day.

5 0

3 years ago

You buy 100 shares in a no-load mutual fund at its net asset value of $10. during the year, the mutual fund distributes $0.75 in

Wittaler [7]

<span>Sale Proceeds of Mutual Funds = 100 Shares * $12.03 = $1203 Add: Dividend Earned on shares = 100 Shares * $0.75= $75 Less: Purchase cost of shares = 100 Shares * $10 = $1000 Less: Exit fees = $1203*5.5% = $66.17 Net Income from Investment = $211.83 Earning in %= $211.83 / $1000 = 21.18%</span>

5 0

3 years ago

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,687; Accounts Receivable,

Agata [3.3K]

Answer:

The amount of stockholders' equity as of July 1 of the current year is $39,994

Explanation:

In John Wong, DVM, on July 1 of the current year:

Total asset = Cash + Accounts Receivable + Supplies + Land = $10,687 + $8,307 + $1,853 + $24,857 = $45,704

Liabilities = Accounts Payable = $5,710

Basing on accounting equation:

Total asset = Liabilities + Stockholders' Equity

Stockholders' Equity = Total asset - Liabilities = $45,704 - $5,710 = $39,994

7 0

3 years ago

2. In 2016; the cost of a market basket of goods was $2,000. In 2018, the cost of the same market basket of goods was

GREYUIT [131]

Answer:

105

Explanation:

base year = 2016

cost of market basket of goods in base year = $2,000

CPI for base year = 100

year 2018

cost of market basket of goods in 2018 = $2,100

CPI for 2018 = (cost of basket of goods in 2018 / cost of basket of goods in base year) x 100 = ($2,100 / $2,000) x 100 = 105

7 0

3 years ago

Marine, Inc., manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid mode

Viefleur [7K]

Answer:

Estimated manufacturing overhead rate= $32 per direct labor hour

Explanation:

Giving the following information:

At the beginning of the current year, management estimated that $672,000 in overhead costs would be incurred and the company would produce and sell 2,000 units of the flexible model and 10,000 units of the rigid model.

The flexible model requires 3.0 hour(s) of direct labor time per unit, and the rigid model requires 1.50 hour(s).

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Estimated manufacturing overhead rate= 672,000/(2000*3 + 10000*1.5)= $32 per direct labor hour

8 0

3 years ago