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ArbitrLikvidat [17]
3 years ago
7

You are considering a 5/1 ARM. What does the 5 represent? . A.The number of years between adjustments in the interest rate . B.T

he number of years that a fixed interest rate will be applied to the loan . C.The total number of years in the loan . D.The interest rate of the initial fixed-rate loan period
Business
2 answers:
natka813 [3]3 years ago
5 0

Answer:

B: The number of years that a fixed interest rate will be applied to the loan

Explanation:

APEX

Sauron [17]3 years ago
4 0

Answer:

B: The number of years that a fixed interest rate will be applied to the loan

Explana

Explanation:

You might be interested in
At a production level of 5,150 units, a project has total cash costs of $130,789. The variable cost per unit is $11.07, and the
Sphinxa [80]

Answer:

d. $73,778.50

Explanation:

Variable Cost = $11.07 per unit x 5,150 units = $57,010.50

Total Cost = $130,789

Fixed Cost = Total Cost - Variable Cost

Fixed Cost = $130,789 - $57,010.50

Fixed Cost = $73,778.50

Since Depreciation is the Fixed Cost and we have been given the Total Cost of the Project, so the Depreciation is already included in the Fixed Cost.

Hence Total Fixed Cost is equal to $73,778.50.

3 0
3 years ago
Assume the total cost of a college education will be $300,000 when your child enters college in 18 years. You presently have $57
Levart [38]

Answer:

We require 9.67% return per year to achieve 300,000 in the future

Explanation:

we need to solve for the rate at which a current value of 57,000 dollars will generate 300,000 dollars after 18 years:

Principal \: (1+ r)^{time} = Amount

Principal 57,000.00

time 18.00

Amount 300,000

57000 \: (1+ r)^{18} = 300,000

r=\sqrt[18]{300,000/57,000} -1

r = 0.096653034

3 0
3 years ago
Wear Ever is expanding and needs $6.8 million to help fund this growth. The company estimates it can sell new shares of stock fo
kakasveta [241]

Answer: 179,811 shares

Explanation:

Given that,

Price of each share = $43

Amount needed for expansion = $6.8 million

Cost incurred for  filing and legal fees = $352000

Underwriters have agreed to a spread of 7.5 percent

Now,

Net price after the underwriter spread = $43 × ( 1 - 7.5%)

= $39.775

Total capital needed = Fund needed for growth + Legal and filing fees

= $6,800,000 + $352,000

= $7,152,000

Number of shares sold = \frac{7152000}{39.775}

= 179,811 shares

5 0
3 years ago
Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are p
IgorC [24]

Answer:

<u>a.- </u>

<u>Current Balance Sheet</u>

Current Assets:  80   Liabilities               40

Fixed                 280  Long Term Debt   125

                                  Common Stock      53

                                  RE:                         142  (A)

Total Assets      360 Total liab + Equity 360

<u>c-1</u>

Projected Balance sheet

Current Assets:  96     Liabilties                  48

Fixed assets:      336   Long term debt      174.6 (B)

                                     Common Stock        53

                                    RE                            156.4

Total Assets      432   Total Liab+ SE          432

b) external funds nedeed addiontal external fund 57.6 Millions

c-2 the total liab will be 222.6

Explanation:

sales increase 20% to 480 so previously it had: 480/(1+20%) = 400

profit margin 15%

net income: 480 x 15% = 72

Dividends: 72 x 20% = 14.4

RE Increase: 14.4

<u>(A) RE </u>is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + 125 + 53 + RE

RE = 360 - 40 - 125 - 53 = 142

<u>(B) Long term debt </u>is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + LT debt + 53 + 156.4

LT debt= 360 - 40 - 53 -156.4= 174.6

Current liabilities:

40 + 125 = 165

Proejcted liab:

48 + 174.6 = 222.6

found needed: 222.6 - 165 = 57.6

6 0
3 years ago
Basic Company uses activity-based costing. Assume the predetermined overhead allocation rates are $0.90 per machine hour for mix
Elodia [21]

Answer:

$2.70 mixing; $4.40 sampling

Explanation:

Activity based costing is a process by which the various activities in a production process are identified and cost allocated to each one. Each of these actity costs are added as product cost. It involves assigning indirect cost to direct cost.

For mixing department the cost rate is $0.9 per hour for 3 machine hours. So cost is (0.9* 3)= $2.7

For sampling the rate is $2.20 for 2 tests. So cost is (2.20* 2)= $4.4

7 0
3 years ago
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