If you were going to get a loan to purchase a new car, which financial intermediary would you use an investment bank.
<h3>What is
investment banking?</h3>
- Investment banking refers to certain business operations of a financial services firm or corporate division that involve advisory-based financial transactions on behalf of people, businesses, and governments.
- Such a bank, which is more frequently linked with corporate finance, could help a customer issue debt or equity securities by underwriting them or acting as their agent.
- An investment bank may also offer auxiliary services like market making, trading derivatives and equity securities, FICC services, or research to businesses engaged in mergers and acquisitions (M&A).
- The majority of investment banks continue to run their asset management and prime brokerage divisions alongside their companies that conduct investment research. Its sector is divided into the boutique market, middle market, and bulge bracket.
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Answer:
Customers pay 9.51 days late
Explanation:
In order to calculate how many days late do customers pay we would have to calculate the following formula:
day sales outstanding=365 days/account receivables ratio
account receivables ratio=net credit sales/Average account receivables
account receivables ratio=$485,000/$52,500
account receivables ratio=9.238 times
day sales outstanding=365 days/9.238 times
day sales outstanding=39.51 days
Therefore, days late=39.51-30
=9.51
Customers pay 9.51 days late
Annual gross potential rental income from a property minus expenses (vacancy and collection losses, operating expenses, replacement reserves, property taxes, and property and liability insurance) equals Effective gross income . This is further explained below.
<h3>What is
Effective gross income?</h3>
Generally, Effective gross incomeis simply defined as the total effective gross revenue equals potential gross income less vacancy and collection losses + other income.
In conclusion, Potential gross revenue minus vacancy and collection losses, plus other income, is equivalent to effective gross income.
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<u>Answer:
</u>
The invention of the car is an early example of disruptive technologies.
<u>Explanation:
</u>
- The technologies that successfully break a certain long-running trend to start another successfully can be termed as disruptive technologies.
- The rate of acceptance of such technologies is initially the lowest but they thrive very soon to completely replace the existing methods in use.
- Disruptive technologies are often more efficient than their older alternatives and that is why they are deemed as profitable.
Answer:II. exclude interest expense.
III. include the depreciation tax shield related to the project.
Explanation: pro forma free cash flow is a term used to estimate the amount of inflows(revenue/income) or outflows (expenses) expected to be made in future projects and engagements of a business entity. It helps the business to plan appropriately to forestall any eventualities.
Pro forma free cash flows should exclude interest rate in its estimation and it should also include the depreciation tax shield related to the project.
