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Andrew [12]
3 years ago
10

Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. If you normally invest to ea

rn 6.40 percent per year, how much will you be willing to lend to your brother if you view this purely as a financial transaction (i.e., you don’t give your brother a special deal)? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
Business
1 answer:
VMariaS [17]3 years ago
7 0

Answer:

PV= $8235.817383

Explanation:

Giving the following information:

Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. You normally invest to earn 6.40 percent per year.

FV= $9,800

i= 0.064

n= 3

Present Value=?

We need to use the present value formula:

PV= FV/(1+i)^n

PV= 9800/(1.064^3)= $8235.817383

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Answer: a, provides 30 days' notice to futurist of its desire to terminate.

Explanation: for an appointment to be terminated, there would a notice prior that termination, you can't just terminate an appointment without a 30days notice.

6 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri
oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

  sales                    = nil

-variable expenses= <u>nil</u>

contribution              = nil

- fixed expenses      = <u>56,000</u>

NET LOSS              = <u> (56000)</u>

.

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

.

.

Thus increase in loss would be 56000- 50,000=6000

6 0
3 years ago
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's
CaHeK987 [17]

Answer: (a) $295 million

(b) $326 million

Explanation:

Given that,

Sales = $900 million during 2016

Cash = $871 million

Cost of goods sold = $280 million

Expenses for the year totaled = $325 million

Paid for Inventory = $375 million

Paid for everything else = $285 million

Beginning cash = $115 million

(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled

                        = $900 - $280 - $325

                        = $295 million

(b) Carter's cash balance at the end of 2016:

= Cash + Beginning cash - Paid for Inventory - Paid for everything else

= $871 + $115 - $375 - $285

= $326 million

4 0
3 years ago
You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
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Answer:$2:09

Explanation:  If you subtract the 2 you will get your answer! :)

(Sorry I just read the question wrong)

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3 years ago
The largest proportion of federal revenues comes from
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The largest proportion of federal revenues comes from C. Personal income taxes.
6 0
3 years ago
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