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Naily [24]
3 years ago
9

Assume that the interest rate is 4% compounded monthly. Roy buys 100 shares of Moogle company, at the market price of $30 per sh

are. For this he borrows the money from the bank. Assume that after six months he sells the shares for a price of $S per share. Find the minimal S for which Roy has enough money to fully pay back his loan to the bank. (Round to the nearest cents)
Business
1 answer:
Inessa [10]3 years ago
8 0

Answer:

$30.61

Explanation:

Data provided in the question:

Annual Interest rate = 4% = 0.04

Since compounded monthly

Therefore,

Monthly interest rate, r = 0.04 ÷ 12 = 0.0033

Price per share = $30

Number of shares purchased = 100

Total value of shares purchased = $30 × 100

= $3,000

Therefore,

the amount borrowed = Total value of shares purchased

= $3,000

Amount to be paid after 6 months = Principle × ( 1 + r )ⁿ

= $3,000 × ( 1 + 0.0033  )⁶

= $3,060.50

Therefore,

The minimal value of S

= Amount to be paid after 6 months ÷ Number of shares

= $3,060.50 ÷ 100

= $30.605 ≈ $30.61

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Answer:

A. The seller would be primarily liable.

Explanation:

Subject to basis is a form of home buying options in real estate. It is a situation where the buyer takes over existing loan of a seller and make commitment to seller to continue repaying the loan to the lender.

Though the buyer will taken over the loan from the seller and make repayment to the lender, there is no legal obligation on buyer`s part that makes him/her liable to the lender. The seller still remain liable despite the the taking over. So  option A is right while B to D is wrong because it`s only the seller that is primarily liable to the lender.

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3 years ago
Several company users are frequently forgetting passwords for their mobile devices and applications. Which of the following shou
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Answer:

The correct answer is A. Implement single sign-on.

Explanation:

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Federated SSO is a more advanced form of single sign-on. In this case, the password data is not stored or transmitted. First, they become tokens. Therefore, another code is created and the original password is not known by any other system.

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If a person receives a paycheck for $600.00 and the government takes $200.00 in income taxes, it is a result of which amendment?
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Answer:

Sixteenth (16th)

Explanation:

The sixteenth amendment in the United States Constitution provides the right to Congress whereby, it can levy the taxes in the form of income tax on the amount of income, without segregating it in any manner, that is in no manner it is apportioned in relation to any number or weightage of the population concerned of the state.

This amendment thereby provides for straight tax as discussed in the example.

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A__________is a network of facilities and processes that describes the flow of materials, finished goods, services, information,
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Answer:

value chain

Explanation:

A value chain can be described as a series of functional activities carried out by a company with the aim of delivering a valuable good to the market or adding value to customers.

Under value chain, value is added not only to the product of the company but also to how the product is produced, marketed, and the process of providing after-sales service to customers.

Therefore, a <u>value chain</u> is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer.

5 0
3 years ago
Read 2 more answers
Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to
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Answer:

Profit : $297,000

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In this case, the revenue ($895,000) exceeds expenses($598,000). Therefore, the business will make a profit.

The profit will be revenue minus expenses

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=$297,000

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2 years ago
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