Answer:
We should pay $243.3 each month to pay of the loan.
Explanation
The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.
PV= 8,000
FV=0
N=36
I=0.5
Compute PMT= 243.3
Answer:
The best estimate of its stock price per share is $11.20
Explanation:
To compute stock price per share, the equation is shown below:
= Total number of equity ÷ Outstanding number of shares
where,
Total number of equity = Total corporate value - Notes payable - long term debt - preferred stock
= $500 - $110 - $90 - $20
= $280 million
And , outstanding number of shares is 25 million shares
Now, apply the above equation
So, stock price per share = $280 million ÷ 25 million shares = $11.20
Other accounts like retained earnings, total common equity is irrelevant
Hence, the best estimate of its stock price per share is $11.20
Answer:
The important thing to remember here is that the interest is compounded semi annually, which means twice a year. When the 1st interest is compounded, the second interest is calculated on that new amount.
(11,500 + (11,500×6%)) = $ 12,190
(12,190 + (12190×6%)) = $ 12921.40
Explanation:
Answer:
C. negotiating contracts
Explanation:
Discussing and Compromising on contract term in order to reach out final agreement between the company management and union at Selzar Inc.
