Answer:
78 000
Explanation:
Total no. of shares of stock is 650 000
Mike owns 12% of 650 000
12% is 12 over 100 multiply by 650 000
12÷100×650 000
=78 000
Mike owns 78 000 shares of stock.
Answer:
Percentage change in quantity= 2.3%
Explanation:
Price elasticity is define as a measure of responsiveness of quantity demanded to changes in price.
When price is highly elastic there is large change in quantity demanded to small change in price. While when it is inelastic quantity demanded is less responsive to changes in price.
Mathematically
Price elasticity= percentage change in quantity / percentage change in price.
2.3= percentage change in quantity/0.01
Percentage change in quantity= 2.3* 0.01
Percentage change in quantity= 0.023= 2.3%
The given statement is false that when a taxable bond is issued at a discount, taxpayers are required to amortize the discount and reduce the amount of interest.
Bonds are fixed-income securities that reflect loans from investors to borrowers. A bond can be compared to an agreement outlining the terms of the loan and the associated payments between both the lender and borrower. Businesses, cities, regions, and sovereign nations utilize bonds to fund operations and initiatives. Bondholders are the issuer's debtors and creditors.
Bond specifications typically also include terms regarding adjustable or fixed interest payments by borrower, as well as the end date by which the principle of the loan is anticipated to be paid to the bond owner.
Learn more about bonds here:
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Answer:
The correct answer is that the assets will be increased through $530
Explanation:
The cash in advance is the amount of payment which is used in some of the trade agreements. The cash in advance is needed which the buyer paid to the seller in form of cash before the shipment is received and sometimes, it is made even before the shipment.
So, in this case, the company received the cash which is in advance worth of $530 from the client. So, this will result in increasing the cash for the business as cash is the asset for the business which is earned by business by providing or offering the services or product to client.
Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount