At May 31, 2020, the accounts of Lopez Company show the following.

Romashka [77]

Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

8 0

4 years ago

Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $ 47 com

AysviL [449]

Answer:

The Mountaintop should charge a price of $90.1 for a round of golf.

Explanation:

Return required per golfer = (47000000*12%)/400000

= $14.1

Price to be charged = 14.1 + 16 + (24000000/400000)

= $90.1

Therefore, The Mountaintop should charge a price of $90.1 for a round of golf.

3 0

4 years ago

Josh purchased a baseball team for 100 million dollars and financed the entire purchase price at a nominal rate of interest paya

Rom4ik [11]

Answer:

4 millions

Explanation:

First, we will check how much was amortizate for the first loan:

Principal 100 million

on 10 equal payment

amortization per year 100/10 = 10 millions

we refinance at the end of the fourth installment

10 x 4 = 40 millions

The principal at the end of year four:

Principal 100 millions - 40 millions = 60 millions

This amount will be paid on 15 years with 15 equal payment

60 million / 15 years = 4 millions

5 0

3 years ago

The best way for a firm to close the knowledge gap is to

Tatiana [17]

The best way to close knowledge gap in an organization to set appropriate service criteria, train employees to meet and exceed those criteria and measure service performance."

In an organization the knowledge gap refers to the disparity in access to information, skills, expertise, know-how between or among the staffs and management of the organization.

The best way to close the knowledge gap includes

Setting appropriate service criteria.
Training of employees to meet and exceed those criteria
Measurement of the service performance from time to time.

"The options to the question includes"

Be more realistic about the services it can provide and at the same time manage customer expectations effectively
empower service providers, provide support and incentives and use technology
understand customer expectations,
Set appropriate service criteria, train employees to meet and exceed those criteria and measure service performance."

Learn more about Knowledge gap here

brainly.com/question/15112599

6 0

3 years ago

Antiques R Us is a mature manufacturing firm. The company just paid a $7 dividend, but management expects to reduce the payout b

denis23 [38]

Answer:

$41.56

Explanation:

Since Antiques' dividends have a negative growth rate, we must adjust the perpetuity growth formula to recognize that negative growth:

stock price = [dividend (1 + growth rate)] / (required rate of return - growth rate)

dividend = $7
growth rate = -5%
required rate of return = 11%

stock price = [$7 (1 - 5%)] / (11% - -5%) = ($7 x 95%) / 16% = $6.65 / 16% = $41.56

7 0

4 years ago