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3 years ago

Warm-Up

Business

1 answer:

zloy xaker [14]3 years ago

4 0

Answer:

$1,088.12

Explanation:

The formula for calculating monthly repayments is as below.

M= P x r

1 − (1+r)−^n

where p is the loan amount = $220,000

r = 4.3per cent or 0.043 % interest rate per year,

on monthly basis r will be 0.043/12=0.00358%

n = 30 year, which is 30 x 12 months= 360 months

M= $220,000 x 0.00358

1 - (1+0.00358 ) ^ - 360

M=$220,000 x 0.00358

1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12

Monthly payments will be $1,088.12

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As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets o

fgiga [73]

Answer:

See below

Explanation:

a. Earnings per share

= After tax earnings / Number of common shares outstanding

= $3,000,000 / 761,000

= $3.9 per share

b. Assuming that a share of Bozo Oil's company has a market value of $40, then, the firm's price earning ratio would be:

= Common stock market value / Earnings per share

= $40 / $3.9

= 10.26

c. The book value of a share of Bozo Oil's common stock

Book value = (Assets - Liabilities) / Number of shares outstanding

= ($15,000,000 - $9,000,000) / 761,000

= $6,000,000 / 751,000

= $7.88

7 0

3 years ago

When companies follow the key factors of Corporate Social Responsibility, a __________ usually results, thus __________.

KengaRu [80]

Answer:

positive public image, attracting more customers

Explanation:

7 0

3 years ago

Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the dis

zhenek [66]

Answer:

Explanation:

The journal entries are shown below:

1. Accumulated Depreciation A/c Dr $182,000

Loss on disposal of machine A/c Dr $68,000

To Machine A/c $250,000

(Being the machine disposed off)

2. Accumulated Depreciation A/c Dr $182,000

Loss on disposal of machine A/c Dr $33,000

Cash A/c Dr $35,000

To Machine A/c $250,000

(Being machine sold for $35,000)

3. Accumulated Depreciation A/c Dr $182,000

Cash A/c Dr $68,000

To Machine A/c $250,000

(Being machine sold for $68,000)

4. Accumulated Depreciation A/c Dr $182,000

Cash A/c Dr $80,000

To Machine A/c $250,000

To profit on disposal of machine A/c Dr $12,000

(Being machine sold for $80,000)

5 0

3 years ago

Currency exchange rates.

sasho [114]

Answer:

$3,402.04

Movement helped you

Explanation:

The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:

$I = \$3,700*0.49\frac{\pounds}{\$}\\I=\pounds 1,813$

If the remaining amount was £146, the total spend in dollars is given by:

$S=\frac{\pounds1,813- \pounds146}{0.49} \\S=\$3,402.04$

The amount spent in England in U.S. dollars was $3,402.04.

If the exchange rate was still $1:£0.49, the amount received back would be:

$A_1 = \frac{146}{0.49}=\$297.96$

At the new rate of $1:£0.45, the amount received is:

$A_2 = \frac{146}{0.45}=\$324.44$

Therefore, the movement in the exchange rate helped you.

8 0

3 years ago

Fatimah has been hired for the post of a secretary at Mauve Corp. The company conducts a routine background check based on the i

WINSTONCH [101]

Answer:

The correct answer is C) negligent hiring .

Explanation:

In the United States, negligent hiring is a type of lawsuit made by an injured party against an employer, based on the theory that the employer knew or should know the background of their employee. Background checks (of all kinds, physical and especially criminal and drug use) are some of the ways in which companies prevent themselves from this type of lawsuit.

5 0

3 years ago