Answer:
$212.38
Explanation:
In this question, we use the PMT formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $24,000
Future value = $0
Rate of interest = 6.75% ÷ 12 months = 0.5625%
NPER = 15 years × 12 months = 180 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be $212.38
Answer:
(B) are subject to a self-employment tax of approximately 15%.
Explanation:
Answer:
≅ 21.8%
Explanation:
The Return on Equity can be calculated by ,
ROE = Net Profit Margin × Return asset × Financial leverage
Net profit margin = Profit margin = 12%
Return Asset = Total Asset turnover = 1.4
Financial leverage = Equity Multiplier = 1.3
Therefore,
ROE = 12 × 1.4 × 1.3
= 21.84% .
Answer:
a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
Explanation:
A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods
Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case, the bank would not reimburse the buyer.
Therefore the correct option is A.
The contract in the scenario is considered to be valid even
if the contract is unauthorized because both of the parties have agreed on the
contract and therefore, it is considered to be valid and made use of even if
there is no authorized personnel involved.
