Eric used his credit card at an ATM to withdraw $50 of cash which type of loan did he use

Sodium Services, Inc. (SSI) sponsors a SIMPLE for its employees with a 100% match up to 3% of compensation. Mary, age 42, has be

eimsori [14]

Answer:

The maximum matching contribution to Mary’s SIMPLE from SSI is (b) $1,050

Explanation:

Since SSI uses a 100% match up to 3% of compensation, the matching contribution from SSI to Mary's SIMPLE plan would be

(3% x $35000) = 1.050,00

The maximum matching contribution to Mary’s SIMPLE from SSI is (b) $1,050

8 0

3 years ago

Finance, or financial management, requires the knowledge and precise use of the language of the field. Match the terms relating

Ierofanga [76]

Answer:

1. Time value of money.

2. Future value.

3. Amortized loan.

4. Annual percentage rate.

5. Annuity due.

6. Amortization schedule.

7. Discounting.

8. Opportunity cost of funds.

9. Perpetuity.

10. Ordinary annuity.

11. A

Explanation:

1. Time value of money: concept that maintains that the owner of a cash flow will value it differently, depending on when it occur.

2. Future value: the amount to which an individual cash flow or series of cash payments or receipt will grow over a period of time when earning interest at a given rate of interest.

3. Amortized loan: a type of security that is frequently used in mortgages and requires that the loan payment contain both interest and loan principal.

4. Annual percentage rate: an interest rate that reflects the return required by a lender and paid by a borrower, expressed as a percentage of the principal borrowed.

5. Annuity due: A series of equal cash flows that occur at the end of each of the equally rate spaced intervals (such as daily, monthly, quarterly, and so on)

6. Amortization schedule: a table that reports the results of the disaggregation of each payment on an amortized loan, such as a mortgage, into its interest and loan repayment components.

7. Discounting: a process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.

8. Opportunity cost of funds: a rate that represents the return on an investor's best available alternative investment of equal risk.

9. Perpetuity: a series of equal (constant) cash flows (receipts or payments) that are schedule expected to continue forever.

10. Ordinary annuity: a series of equal cash flows that occur at the beginning of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

11. PMT x (1-(1/ (1 + r)/r) x (1 +r): an equation that can be used to solve for the present value of an annuity due. It is known as Present Value of an Annuity.

6 0

4 years ago

Prepaid insurance $ 2,300; Inventory $ 1,800; Cash $ 2,500; Equipment $ 6,700; Accounts receivable $ 1,500; Trademarks $ 5,600;

Nostrana [21]

Answer:

The correct answer to the following question will be "$22100".

Explanation:

The given values are:

Prepaid insurance

= $2,300

Inventory

= $1,800

Cash

= $2,500

Equipment

= $6,700

Accounts receivable

= $1,500

Trademarks

= $5,600

Debt investments

= $3,300

Accumulated Depreciation

= $1,600

Now,

⇒ Total assets = Prepaid Insurance + Inventory + Cash + Equipment + Accounts receivable + Trademarks + Debt investments - Accumulated Depreciation

On putting the estimated values, we get

⇒ = $2300 + 1800 + 2500 + 6700 + 1500 + 5600 + 3300 - 1600$