The financing cost of Clemson to secure the investment will be $2.2875 million.
<h3>How to calculate the financing cost</h3>
From the information, we've to calculate the simple interest first. This will be:
= PRT/100
= (30 × 0.75 × 8.5)/100
= 1.9125 million
The fee is 1.25% of the issue size. This will be:
= 1.25% × $30 million
= $375000
Therefore, the financing cost will be:
= $1.9125 million + $0.375 million
= $2.2875 million
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Answer:
Having a strong base of savings account deposits is critical for a bank to remain solvent and profitable. Banks use that money to lend to borrowers, who then pay interest on their loans. After paying for various costs, banks pay money on savings deposits to attract new savers and keep the ones they have.
Explanation:
<span>Alice had original amount = $12,450. She earned an interest of $622.50 on the original amount. To find the percent, say, $622.50 = x% of $12,450, we get x% = 0.05 or x = 5%. Thus, Alice earned approximately 5% of the interest.</span>
Answer:
(A) $120,000.
Explanation:
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 52,000
<em>Adjustments to reconcile net income to </em>
<em>net cash provided by operating activities: </em>
Depreciation on Fixed Assets 20,000
<em>(Increase) Decrease in Current Assets: </em>
Accounts Receivables 25,000
Inventory 5,000
<em>Increase (Decrease) in Current Liabilities:</em>
Accounts Payable 18,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000
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