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maksim [4K]
3 years ago
6

Godart Co. issued $4.5mn notes payable as a scrip dividend that matured in five years. At maturity, each shareholder of Godart's

3mn shares will receive payment of the note principal, plus interest. The annual interest rate was 10%. What amount should be paid to the stockholders at the end of the fifth year
Business
1 answer:
Ghella [55]3 years ago
4 0

Answer:

$6,750,000

Explanation:

Since it is stated in the question that the 3mn shares will be paid the principal and interest at maturity, and it is not stated the note is compounded, we apply the following simple calculation:

Amount to pay = $4,500,000 + [($4,500,000 × 10%) × 5 years]

                         = $4,500,000 + [$450,000 × 5 years]

                         = $4,500,000 + 2,250,000

Amount to pay = $6,750,000

Therefore, the amount should be paid to the stockholders at the end of the fifth year is $6,750,000.

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Explanation:

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Cheers.  

7 0
3 years ago
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3 0
2 years ago
The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the b
sukhopar [10]

Answer and Explanation:

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Required reserves is

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In this way, it should be determined so that the correct value & percentage could come

3 0
2 years ago
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xenn [34]

Answer:

Total yield or rate of return is 0.36 or 36%

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7 0
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As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative  to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

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brainly.com/question/20482811

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