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3 years ago

This card works like a short-term loan? A. debit B. credit

Business

2 answers:

scZoUnD [109]3 years ago

6 0

Answer:

Explanation:

its a loan that you are paying back

azamat3 years ago

4 0

A loan is where you ask for money and then pay it back later.
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.

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A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a

Mrac [35]

Answer:

$22,000 gain.

Explanation:

Please see attachment

3 0

3 years ago

Katie's Dinor spent $84,000 to refurbish its current facility. The firm borrowed 80 percent of the refurbishment cost at 9.2 per

jenyasd209 [6]

Answer:

The question is missing the below options:

$1,333.33

$1,401.49

$1,108.91

$1,282.16

$1,487.06

Monthly payment is $1,401.49 as shown below

Explanation:

In calculating the amount of each monthly payment, PMT formula in excel comes very handy.The formula is stated below:

PMT(rate,nper,pv,-fv)

The rate is the percentage of interest payable on the loan considering that repayment is made monthly, hence the rate in this case 9.2% divided by number of repayments in a year,12

rate=9.2%/12=0.007666667

nper is the number of times repayment would be made, which is calculated as five years multiplied by the number of repayments in a year i.e 5*12=60

pv is the actual amount borrowed , 80%*$84000=$67200

The fv future value is nil

PMT(0.007666667 ,60,67200,0)

PMT=$1,401.49

Find attached as well.

Download xlsx

6 0

3 years ago

A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2%

givi [52]

Answer:

3.4%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

9.7 = 5.2 + 1.34(x - 5.2)

9.7 - 5.2 = 1.34(x - 5.2)

3.35 = x - 5.2

4 0

3 years ago

For next year, By-Way has projected sales of $435,000, costs of $254,000, depreciation of $35,000, interest expense of $22,000,

zubka84 [21]

The amount of the projected operating cash flow is $152,500

<h3>What is operating cash flow?</h3>

Operating Cash Flow (OCF) is what measure the amount of cash generated by a company's normal business operations in its day to day activities.

Operating Cash Flow (OCF) is computed below:

Projected sales 435,000

(-) Costs 254,000

(-) Depreciation 35,000

Operating income 146,000

Operating income 146,000

(+) Depreciation 35,000

(-) Taxes 28,500

Projected operating cash flow $152,500

Hence, Projected operating cash flow is $152,500

Learn more about operating cash flow here : brainly.com/question/25530656

3 0

2 years ago

Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per uni

Trava [24]

Answer:

D. The breakeven point decreases.

Explanation:

Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.

The formula for break-even is

Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)

Since sales price and variable cost is constant, let's say

(Sales price per unit- Variable cost per unit)= constant (k)

So when we cross-multiply in the formula

Breakeven* k= Total fixed cost

It shows that Breakeven point is directly proportional to Total fixed cost.

So a reduction in Total fixed cost will result in a reduction in Breakeven point.

3 0

3 years ago