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3 years ago

Earl has $977 in his checking account. after he writes a check to the bookstore for $267, how much is remaining in his account?

Business

1 answer:

earnstyle [38]3 years ago

8 0

Earl has $310 dollars in his checking account

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has 17,500 shares of stock outstanding along with $408,000 of interest-bearing debt. The market and book values of the debt are

Naddik [55]

Answer:

$926,073

Explanation:

Enterprise value=market capitalization+value of debt-cash

value of the firm=price-earnings ratio=11.8

earnings=net income

net income=profit margin*sales

net income=$697,000*6.8%=$47,396

11.8=market capitalization/$47,396

market capitalzation=11.8*$47,396=$559,272.80

enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80 (approx $926,073)

6 0

3 years ago

What does the income statement reflect?

ExtremeBDS [4]

Answer: B) Revenues minus expenses over an accounting period.

Explanation:

The Income statement lets the business know how much profit it made from its operations during the year.

It lists the revenue that was earned and then deducts all expenses that were incurred from that revenue including taxes and interest payment and then presents the net income/loss.

The first option refers to the Cashflow statement.

5 0

4 years ago

Find the present value pv of the given investment. an investment earns 2% per year and is worth $40,000 after 8 years.

LuckyWell [14K]

First use the formula of the future value of an annuity ordinary to find the yearly payments
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value 40000
PMT yearly payment?
R interest rate 0.02
N time 8 years
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
PMT=40,000÷(((1+0.02)^(8)−1)
÷(0.02))
=4,660.39

Now use the formula of the present value of an annuity ordinary to find the present value
Pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT yearly payments 4660.39
R interest rate 0.02
N time 8 years
Pv=4,660.39×((1−(1+0.02)^(−8))÷(0.02))
pv=34,139.60. ....answer

5 0

3 years ago

Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how m

Liula [17]

Answer:

The Future value at year time is $4,260

Explanation:

The future value at the end of the year one can be found by using the compounding formula which is as under:

Future Value = Present Value * (1 +r)^n

Future Value = $4,000 * (1.065)^ 1 = $4,260

8 0

3 years ago

Chairman leonard riggio reassured barnes and noble employees that he was working to save the organization when he announced that

Mnenie [13.5K]

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3 years ago