Answer:
I can borrow $24,000
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
The amount of loan can be calculated as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Amount of Loan = $632 x [ ( 1- ( 1 + 1% )^-48 ) / 1% ]
Amount of Loan = $632 x [ ( 1- ( 1.01 )^-48 ) / 0.01 ]
Amount of Loan = $24,000
r = 7.17%
Interest rate is 7.17%
Answer:
See below
Explanation:
Maurice and Sons
Statement of stockholder's equity at the end of the year (December 31)
Particulars Common stock
Retained earnings Total
Beginning
Balance $16,300
$2,200. $18,500
Net income
$3,410. $3,410
Dividend paid
-$1,550. -$1,550
Additional common
Stock $5,800. $5,800
Total
$4,060. $22,100. $26,160
True, banks around the world keep an eye on foreign currency
Answer:
return on investment
Explanation:
At the time of calculating the markup that used for the formula of cost plus pricing many companies would base the markup on the target return on investment as the return on investment considered the net operating income as it takes after considering all the other type of cost
Therefore as per the given situation the first option is correct
