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3 years ago

You owe $5,000 on your credit card and you can pay the following monthly payments:

Business

1 answer:

nordsb [41]3 years ago

6 0

Answer:

C. Yes, this cash flow will pay off the credit card with $23.75 remaining.

Explanation:

Calculation for how much will be enough to pay off your credit card

First step will be to use financial calculator to find the Net Present Value (NPV) of the payment amount from 1 month which is 500 to 8 month which is 850.

Hence,

NPV=$5,023.75

Now let calculate how much will be enough to pay off your credit card

Credit card pay off Amount =$5,023.75-$5,000

Credit card pay off Amount=$23.75

Therefore YES it will be enough to pay off the credit card and the amount that will be enough to pay off your credit card will be $23.75.

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12’) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities

murzikaleks [220]

Answer: 28.87%

Explanation:

Given the following ;

Portfolio worth = $200,000,000

Liabilities = $6,000,000

Outstanding shares = $10,000,000

Share value = $25 per share

NAV, The Net Asset Value of the Stone Harbor Fund is the difference between total worth of it's asset and it's Liabilities.

Net Asset Value = (portfolio worth - Liabilities) ÷ outstanding shares

NAV = $(200,000,000 - 6,000,000) ÷ $10,000,000

NAV =$194, 000,000 ÷ $10,000,000

NAV = $19.4

Premium = $25 - $19.4 = $5.6

Expressed as a percentage of Net Asset Value:

$(5.76 ÷ 19.4) × 100 = 0.2886 × 100 = 28.87%

8 0

3 years ago

An expanded income statement is generally divided by the different categories of revenue. the most common categories are:_______

never [62]

An expanded income statement is generally divided by the different categories of revenue. The most common categories are <u>sales expenses and general and admin expenses.</u>

The selling, general, and administrative expense, or SG&A, refers to all corporate operational costs that are not accounted for in the cost of products sold. Since they raise a company's break-even point, management should exercise strict control over these expenses.

Prime costs are a company's outlay for the components used in production. The direct costs of labor and raw materials used in the production of a good are determined by the sales expenses and general and admin expenses. The direct costs of labor and raw materials used in the production of a good are determined by the prime cost.

To know more about selling, general, and administrative expense, click here:-

brainly.com/question/24224392

#SPJ4

3 0

1 year ago

What is the average cost of emergency fund per month in Lubbock Texas?

Lina20 [59]

Answer:

Additionally, Lubbock ranks eleventh in Texas as the least expensive city and has a cost of living index 10% below the national average.

Explanation:

Lubbock is in Lubbock County and is one of the best places to live in Texas. Living in Lubbock offers residents a dense suburban feel and most residents own their homes. In Lubbock, there are a lot of parks. Many families and young professionals live in Lubbock and residents tend to lean conservative.

3 0

2 years ago

Read 2 more answers

What was President Bush's response to the financial crisis?

Tasya [4]

Answer:

The answer is e. to support a federal bailout of the banking industry

Explanation:

To response to financial crisis, President Bush had addressed in the public television that the federal bailout of damaged financial institutions was necessary to avoid long and painful recession.

In fact, his administration had implemented an $700 billion worth of Trouble Asset Relief Program since October 2008, in which the amount from federal government's budget was spent on bailout damaged financial institutions such as American International Group (AIG), and bad mortgage debts.

So, e is the correct choice.

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3 years ago

Which type of currency was not used in the united states during its early years?

SVETLANKA909090 [29]

According to answers.com its greenbacks

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3 years ago

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