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Dmitry [639]
3 years ago
12

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $

250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan

Business
1 answer:
I am Lyosha [343]3 years ago
4 0
The correct answer is 10.38%

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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i
viva [34]

Answer:

(A) $120,000.

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES  $

Net Income     52,000

<em>Adjustments to reconcile net income to      </em>

<em>net cash provided by operating activities:      </em>

Depreciation on Fixed Assets    20,000  

<em>(Increase) Decrease in Current Assets:      </em>

Accounts Receivables    25,000

Inventory      5,000

<em>Increase (Decrease) in Current Liabilities:</em>    

Accounts Payable     18,000

NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000

8 0
3 years ago
An intangible asset
Alexxx [7]

Answer:

The correct answer is letter "C": does not have physical substance, yet often is very valuable.

Explanation:

Physically, intangible assets do not exist but they are important since they represent potential revenue. Types of intangible assets include brand recognition, intellectual property and legitimate patents such as patents, trademarks, and copyrights. Intangible Assets do not have value for accounting recording purposes.

3 0
3 years ago
You are going to sell your house. You are determining what the price should be. To help you, you have collected information of h
viktelen [127]

ANSWER: The data collected is NOT an appropriate representation that can be used to determine how much you should sell your house.

EXPLANATION: A house is evaluated by the contents which were used to build it. For instance a house built with a bricks can not be of the same value with a wood or block house, even though they have the same pattern.

Because the data does not show the values of the contents of the house, which are: walls, pattern, designs, how many stirs, roof, and interior quality, it cannot be used to determine the price you should sell your house.

Also, looking at the data gotten, you can understand that this houses has been sold according to the contents that made up the building, because some old builder were sold more costlier than some new buildings, and some building with a much bigger square feet were sold in a lower price when compared to some buildings with a smaller square feet

4 0
3 years ago
Which employee in the Business, Management, and Administration career cluster would most likely work in a cubicle?
Makovka662 [10]
An accountant would most likely work in a cubicle
4 0
3 years ago
Read 2 more answers
Alaskan foodstuffs just announced the annual dividend for this coming year will be $0.36 a share and all future dividends are ex
Aleksandr-060686 [28]

Answer: The market rate of return is 7.45%

We follow these steps to find the answer.

Here we can interpret the term 'market rate of return' as the required rate of return on the stock. We represent this as k_{e}

The current market price of stock (P₀), whose dividends are expected to grow for a constant rate is given by:

P_{0} = \frac{D_{1}}{k_{e}-g}

where

D = Upcoming dividend

k_{e} = required rate of return on the stock

g  = constant growth rate of dividends.

Plugging in the values from the question in the formula above we get,

12.20 = \frac{0.36}{k_{e} - 0.045 }

k_{e} - 0.045 = \frac{0.36}{12.20}

k_{e} = 0.029508197 + 0.045

k_{e}= 0.074508197

7 0
3 years ago
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