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3 years ago

Do lenders always accept applications for credit?

1 answer:

4 0

NO. Lenders doesn't always accept application for credit. They always perform investigation about the financial status of the applicant. Only once the financial status of the applicant is finished reviewed and passed, the application for credit will be accepted.

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Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Margarita [4]

Answer:

Total period cost under variable costing $60,000

Explanation:

The computation of the total period cost under variable costing is shown below:

Variable selling and administrative expenses (880 units × $15) $13,200

Add: Fixed selling and administrative expenses $21,120

Add: Fixed manufacturing overhead $25,680

Total period cost under variable costing $60,000

6 0

3 years ago

Problem 5-35 Comparing Cash Flow Streams [LO 1] You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They

Minchanka [31]

Answer:

PV of 1st option = $185,015.50

PV of 2nd option = $192,683.78

Explanation:

Computing the present value of the monthly payments, we use the formula $PV = \frac{A(1-(1+r)^{-n}) }{r}$

Where PV = present value of the monthly payments

A = monthly salary

r = monthly interest rate = 6%/12 = 0.5% = 0.005

n = number of months = 24 months

PV of the 1st option, $8,200 monthly for the next 2 year

$PV = \frac{8,200(1-(1.005)^{-24}) }{0.005}$ = $185,015.50.

PV of the 2ns option, $6,900 monthly + $37,000 signing bonus

$PV = \frac{6,900(1-(1.005)^{-24}) }{0.005}+37,000$ = $155,683.78 + $37,000 = $192,683.78.

7 0

4 years ago

Understanding opportunity cost before you started applying for college, a job recruiter offered you a full-time cashier position

natta225 [31]

Answer: You decide to go to college probably because"You value a year of college at more than $56,000"

Opportunity costs are the benefits an respective individual, leaves while determining to pick one alternative over another. 

So, you will attend college if you perceive value of attending college more than ($22,000 + $34,000)= $56,000

3 0

3 years ago

How Taxation and Legislation impact positively and negatively on a company.

Leto [7]

Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth

5 0

4 years ago

Gray Company, a closely held C corporation, incurs a $50,000 loss on a passive activity during the year. The company has active

-Dominant- [34]

Answer:

B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.

Explanation:

Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.

Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.

The only exception applies to C corporations that are not;

closely held corporations or
personal service corporations.

Qualifying C corporations can actually deduct passive losses from certain ordinary income.

Closely held C Corporations are corporations where during the last 6 months, 50% or more of its stock is owned by 5 or fewer investors.

6 0

4 years ago