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Dafna11 [192]
3 years ago
12

Letitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 in p

rincipal plus the annual interest. The payments are in equal amounts, with the entire loan paid off by the end of the four years. Which type of loan does she have
Business
1 answer:
marysya [2.9K]3 years ago
5 0

Answer:

amortised loan

Explanation:

Letitia borrowed money from the bank, and according to the loan regulations, she has to pay an equal amount for the rest of two years, which shows that it is a type of amortised loan. In amortised loan customers pay back the loan in stages, and they pay that according to the criteria of the bank.

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Free-market economies have _____ .
motikmotik
Your answer would be A. Free markets tend to see big growths and fights for top dog among companies. Take Apple and Samsung, for example. Economic growth is typically high, and there's quite a bit of freedom for producers and consumers.
8 0
4 years ago
Read 2 more answers
Del Norte Brick Co. is located near the intersection of Texas, New Mexico, and Mexico. Improved access to the company’s property
OLEGan [10]

Answer:

Depreciation for year 3 = $115518

BV = $57798

Explanation:

The modified accelerated cost recovery method employees a classification-based approach to depreciating certain assets, once classified are assigned respective rates of depreciation. for example, assets classified under automobiles, trucks and machinery are treated under 5-year MACRS and will be depreciated at 20%, 32%, 19.2% and so on.

In this question the bridge across Rio Grande being built by Del Norte Brick co is treated under 3-year MACRS, for which the rates are as follows:

33.33% for the first year

44.45% 2nd year

14.81% 3rd year

7.41% 4th year

We have been asked to determine 3rd years' depreciation and book value, determined as follows:

Depreciation year 1: $780000 33.33% = $259974

Depreciation year 2: $780000 44.45% = $346710

Depreciation year 3: $780000 14.81% = $115518

So the depreciation for year 3 = $115518

The book value is calculated as follows:

<em>Book value = cost - accumulated depreciation</em>

BV = $780000 - $722202

BV = $57798

6 0
4 years ago
Great calls has a special plan offer this month. there is a​ $6.00 per month charge each month and calls anywhere in the united
svetlana [45]
<span>Call cost per minute = $0.04
 Number of minutes talked = 550
   Call charges for 550 minutes @ $0.04 = $22
 We should add the monthly charge of $6 to this call charges because that too is a part of our call cost. So the total cost would be $22 + 6 = 28.</span>
3 0
3 years ago
In the Tito's Vodka case study, trends in cocktails were studied to create a quarterly recipe for customers. Group of answer cho
Sonbull [250]

In the Tito's Vodka case study, trends in cocktails were studied to create a quarterly recipe for customers. The statement is true.

<h3>What are cocktails?</h3>
  • The Oxford Dictionaries define cocktail as "An alcoholic drink consisting of a spirit or spirits mixed with other ingredients, such as fruit juice or cream".
  • A cocktail can contain alcohol, a sugar, and a bitter/citrus. When a mixed drink contains only a distilled spirit and a mixer, such as soda or fruit juice, it is a highball.
  • Many of the International Bartenders Association Official Cocktails are highballs. When a mixed drink contains only a distilled spirit and a liqueur, it is a duo, and when it adds a mixer, it is a trio. Additional ingredients may be sugar, honey, milk, cream, and various herbs.

To learn more about cocktails with the given link

brainly.com/question/1320828

#SPJ4

3 0
2 years ago
Columbus Manufacturing's stock currently sells for $ 23.57 a share. The stock just paid a dividend of $2 a share (i.e.,D0=2). Th
Rina8888 [55]

Answer:

Required rate of return is 14.99%

Explanation:

Given:

Price of stock (Po)= $23.57

Dividend (Do) = $2

Growth rate (g)= 6% or 0.06

Using dividend growth model to calculate required rate of return:

r=\frac{d_{0}\left ( 1+g \right )}{P_{o}}+g

Substituting values in above formula, we get:

r = r=\frac{2\left ( 1.06 \right )}{23.57}+0.06

 = 0.1499 or 14.99%

Therefore, required return of company's stock is 14.99%

6 0
3 years ago
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