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3 years ago

Notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower are collectively called:

1 answer:

8 0

Notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower are collectively called debt instruments. These are papers or electronic obligations which enable an issuing party to be able to raise funds by making a promise to repay the lender in agreement with the terms and conditions of a contract. It is a legal enforceable evidence of a debt. This document is important because it makes the payment enforceable legally and it would increase the transferability of the obligation. These can be long term or short term obligations. Short term are those to be paid within a year while long term are those paid periodically for more than a year.

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Taunton's is an all-equity firm that has 152,000 shares of stock outstanding. The CFO is considering borrowing $245,000 at 6 per

dezoksy [38]

Answer:

The value of the firm is $1,773,333

Explanation:

Calculation of Value of each share

Amount borrowed (A) $245,000

No. of shares repurchased (B) 21,000

Value for each share (C) $11.67

No. of shares outstanding after repurchase(A) 131,000

(152,000 - 21,000)

Value for each share(B) $11.67

Equity value after repurchase(A*B) $1,528,333

Add: Amount borrowed $245,000

Firm value after this transaction $1,773,333

7 0

2 years ago

You are given the following data on the Employed, Unemployed, and the Labor Force for 1997: Population 16 years old or over (mil

otez555 [7]

Answer:

136.30 million

Explanation:

Total Labor force = Total of the Unemployed + Total of the Employed

Total Labor force = 129.6 million + 6.7 million

Total Labor force = 136.30 million

So, the total labor force in millions in the economy for 1997 equals 136.30 million

5 0

2 years ago

Given the following data for Harder Company, compute cost of goods manufactured: Direct materials used $120,000 Beginning work i

il63 [147K]

Answer:

c. $480,000

Explanation:

Cost of goods manufactured $

Direct materials used 120,000

Direct labor 200,000

Manufacturing overhead 150,000

Beginning work in process 20,000

Ending work in process 10,000

Cost of goods manufactured 480,000

So, Correct option is c. $480,000

4 0

3 years ago

An investor who owns stocks in many different companies would most likely see a rise in the overall value of her portfolio durin

LiRa [457]

An investor who owns stocks in many different companies would most likely see a rise in the overall value of her portfolio during a _____.
bull market

8 0

3 years ago

Read 2 more answers

Working as an elevator operator used to be a common job in the workforce four decades ago, but today few jobs remain. The unempl

Thepotemich [5.8K]

<h3>The unemployment created by introduction of automatic elevators would be considered as structural </h3>

Explanation:

Structural unemployment is a longer-lasting type of unemployment that is induced by structural economic changes and aggravated by external influences like technology, rivalry, and government policy.

Structural unemployment will last for decades and typically needs to reverse a dramatic shift. Technology continues to intensify systemic unemployment, marginalize certain workers and make certain occupations redundant, such as manufacturing. Structural unemployment can be long-term and difficult to address as it needs either displacement or retraining.

3 0

2 years ago