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3 years ago

13

Supposed that you decide to borrow $40,000 for a new car you can select one of the following loans each requiring regular monthl

y payment: installment loan
a.three-year loan at 6.1% installment loan b:five year loan at 7.2%

1 answer:

vaieri [72.5K]3 years ago

6 0

I would select the 5 year plan on the loan

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Harvey, a u.s. taxpayer, purchased 10 shares of mvc stock for $100 per share; one year later he sold the 10 shares for $130 a sh

Nonamiya [84]

<span>Harvey purchased 10 shares of mvc stock for = $100 per share
</span><span>one year later he sold the 10 shares for = $130 a share
</span>The price level increased in a year from = 140 to 147
<span>harvey's before-tax real capital gain =
</span><span>$1,300 - $1,000(1.05) but he is to report a $300 gain on his income tax</span>

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2 years ago

All-Star Automotive Company experienced the following accounting events during 2018: Performed services for $25,000 cash. Purcha

Mariana [72]

Answer & Explanation:

<u>Operating Activities</u>

services collected 25,000

salaries paid (14,000)

utilities paid (2,800)

cash generated from operating activities 8,200

<u />

<u>Investing activities</u>

proceeds from land 9,000

purchase of land (6,000)

cash generated from investing activities 3,000

<u />

<u>Financing Activities</u>

issuance of stocks 50,000

bank loan 5,000

payment on loan (10,000)

dividends paid (5,000)

cash generated from financing activities 40,000

Total cash generated for the year ended December 31th, 2018 51,200

beginning balance 9,200

ending balance 60,400

Notes: Activities related to the daily operation wil lbe operating activities.

The transaction involving long-term assets will be investing activities

The stocks, dividends and loan, loan payment are financing activities for the company.

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3 years ago

Identify which principle applies to each scenario by placing the appropriate label next to each scenario.

tatyana61 [14]

<span>Each scenario refers to some label. The labels are placed with a different order. We need to arrange them by checking the possibilities. Labels most probably matches with one scenario each or it can be many. If labels are less in numbers than the scenarios then it can be matched with multiple scenarios.</span>

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2 years ago

The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of

9966 [12]

Answer:

Answer for question :

The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of return is 17%. What is the expected stock price two years from now. Round the answer to the nearest integer " is as explained below.

Explanation:

1. the expected stock price two years from now = 3 * 1.065^3/(0.17 - 0.065)

the expected stock price two years from now = 34.51

2. FV = 0, N = 8, PMT = 288, rate = 4%

use PV funciton in Excel

value at time 0 = 1939.03

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2 years ago

Which of the following is an attribute of a fulfilling career?

Svetllana [295]

A exotic dancer on the pole

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3 years ago