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3 years ago

Explain why making the minimum payment leads to paying the most interest.

1 answer:

6 0

since the price is so low the interest goes up because you paid just a little and so they want to get more off of that purchase.

Explanation:

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During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Pl

nikdorinn [45]

Answer:

$255,000

Explanation:

If a company acquires shares of another company the investment amount is shown in the balance sheet of the acquirer. When Plate acquired shares of Silver, it reported the investment of $225,000. The Silver reports a profit of $30,000 on January 2019. The amount reflected in the balance sheet of Plate will be $255,000. This is the sum of investment plus the profit reported by the Silver.

3 0

3 years ago

question 4 according to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached how much?

jeka94

According to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached about $100 million.

<h3>What is a cybercrime?</h3>

This refers to the use of computers or other electronic devices via information systems such as organizational networks or the Internet to facilitate illegal behaviors.

In 2021, the forbes magazine study shows that the annual cost of cybercrime in the united states alone has reached about $100 million.

Read more about cybercrime

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4 0

1 year ago

How does a company build its strategic management game plan to attract and please customers, compete successfully, conduct opera

klio [65]

Explanation:

It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.

The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.

4 0

3 years ago

A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360

topjm [15]

Answer: $500

Explanation:

Interest for the period = Amount borrowed * Interest rate * 120/360 days

= 15,000 * 10% * 120/360

= $500

7 0

3 years ago

Assume that Microsoft has no debt, a total market value of $300 billion, and a marginal tax rate of 21%. If it permanently chang

Sphinxa [80]

The presence value of tax shield is =522,000,000

<h3>What is Tax shield?</h3>

Tax shields is calculate by substraction cash flow form two different sessions.

To determine the present value for first session

Market value = $300 billion

Tax rate = 20%

Debt = 0

Tax payable= Tax rate/100% * Market Value

Tax payable = 20/100× $300 billion

= 600,000,000

To get present value of tax

Market value = $300 billion

Tax rate = 20%

Debt = 13% of $300 billion

= 390,000,000

Present Market Value = $300 billon - 390,000,000

= 2,610,000,000 i.e $2.6billion

Tax payable = 20/100 × $2.6 billion

=522,000,000

Learn more on tax shield here,

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5 0

1 year ago