Answer:
Refinance and Consolidate
Answer:
1. a) Small Appliance Division, Average total operating assets = $6,934,000
b) Margin = 8.00%
c) Turnover = 6.00 times
d) ROI = 48.00%
2. a) Cleaning products division, Average total operating assets = $5,800,000
b) Margin = 3.00%
c) Turnover = 4.00 times
d) ROI = 12.00%
3. See explanation section.
Explanation:
See the following images to get the proper explanation. As all the answers are round figure, therefore, I did not use 16.00%, instead I used 16%. (16% is an example).
Answer:
$247,800
Explanation:
Inventory December 31
physical inventory on December 31 $200,000
Add: Goods purchased FOB shipping point $26,400
Add: Goods sold FOB Destination <u> $21,400</u>
$247,800
FOB Shipping Point - the purchaser gains title to the inventory at the shipping point, so when Pelzer shipped the goods, they belonged to Stallman.
FOB destination - means the seller maintains title until the merchandise reaches its destination, so since the goods have not reached their destination, the goods still belonged to Stallman
Answer:
Find out the reason why the loan was rejected
You can also look for another lender
Explanation:
Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.
Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.
Answer:
The approximate value of the house is 192984
Explanation:
I don't know what you mean by "<em>Use Exhibit 1-A</em>" but you can calculate this as follows
180000 * (1+1%)^7
The general formula of cumulative interest is
A * (1+i)^n
A = Amount
i = interest, in this case 1%
n = number of periods, in this case, 7