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tatiyna
3 years ago
13

National Bank offers a loan at 13.5% per year, compounded weekly (Assuming there are 52 weeks per year). United Bank offers a lo

an at 13.7% per year, compounded semi-annually. If you are going to borrow money from one of these two banks, which bank you should go for
Business
1 answer:
Pavlova-9 [17]3 years ago
7 0

Answer:

United Bank

Explanation:

assuming that I need to borrow $1,000, if I borrow money from:

National Bank, interest + principal due in one year = $1,000 x (1 + 0.002596)⁵² = $1,144.34

weekly interest rate = 0.2596%

United Bank, interest + principal due in one year = $1,000 x (1 + 0.0685)² = $1,141.69

semi annual interest rate = 6.85%

Since the amount of money owed to United Bank is lower, then I should go there.

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Profit is the difference between
Arte-miy333 [17]

Answer: D) the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services

Explanation:

The profit is the difference between the income and the expenses as:

Profit = Income - expense

Income is money that one earn profit in their business and expenses are the money which we spend. And your total income is your revenue. And if the number is in positive value then, it makes profit.  Therefore, (D) is the correct option.  

8 0
3 years ago
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, a
Nikolay [14]

Complete question:

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?

a. 150,000

b. 250,000

c. 0

d. 120,000

e. 170,000

Answer:

150,000 of goodwill should be attributed to the non-controlling interest at the date of acquisition

Solution:

A non-controlling interest (NCI) is a role in which a owner holds less than 50% of remaining and has little control over decisions. A minority ownership is often known as the minority interest. Non-controlling interests are calculated by their net worth and are not eligible for future right to vote.

Now , Calculate the amount

Cost(PP) - 1,600/0.8 = 2,000

FV - 1,850

GW = 1,850 - 2,000

     = 150,000

8 0
3 years ago
The estimated value of an asset at the end of its useful life is called all of the following except a.residual value. b.salvage
lesantik [10]

Answer:

Correct answer is letter C, book value

Explanation:

The value of an asset at the end of its useful life is called residual value, salvage value, scrap value or break-up value. While book value on the other hand is the value of an asset after we deduct the accumulated depreciation from the cost of an asset. It is sometimes referred to us the carrying value of an asset we netting the asset against its accumulated depreciation.

3 0
3 years ago
Thoughts about how eren is acting in attack on titan? Is he the villain or the hero? Also if he touches hangi again I am gonna s
brilliants [131]

Answer:

I would say he is the hero with a possible dark side i can't really say cause i haven't watched a lot but he definitely has a lot going on

Explanation:

3 0
3 years ago
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I need help find out the profit or loss​
love history [14]

Answer:

  1. loss or profit
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3 years ago
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