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3 years ago

Help this is a marketing class I have

Business

1 answer:

Sever21 [200]3 years ago

6 0

Answer:

I think is primary.......

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Elliott Credit Corp. wants to earn an effective annual return (EAR or EAIR) on its consumer loans of 17.1 percent per year. The

Yuri [45]

15.79 % is the rate that bank is requred to give to potential borrowers

Explanation:

$\mathrm{EAR}=(1+\mathrm{APR} / \mathrm{m})^{\mathrm{m}}-1$

$A P R=m\left[(1+E A R)^{1 / m}-1\right]$

$\mathrm{APR}=365\left[(1+.171)^{1 / 365}-1\right]$

$A P R=365\left[(1.171)^{0.00273972602}-1\right]$

$\mathrm{APR}=365 *[1.00043258-1]$

$A P R=365 * 0.00043258$ , APR = 0.1578917

Or 15.79% (it is rounded off )

Where:

EAR = effective annual rate

APR = Annual percentage rate

M = number of compounding

Therefore, the interest of rate that the bank is required by law in order to report to all the potential borrowers is 15.97%

4 0

3 years ago

ACME Confetti Corporation needs to finance $20 million for a plant expansion building project. They've decided to issue common s

Law Incorporation [45]

Answer:

Option (C) is correct.

Explanation:

The required proceeds:

= Amount need to be finance ÷ (1 - 7%)

= $20 million ÷ (1 - 0.07)

= $215,05,376.34 (approx)

Hence, the number of shares needed to be issued:

= required proceeds ÷ Issue price per share

= $215,05,376.34 ÷ $50 per share

= 430,108 shares (approx)

Therefore, 430,108 shares they need to issue to cover the cost of the project plus all floatation costs.

6 0

3 years ago

Porque alguien podría querer poner una "bandera Roja" en su propio informe crediticio?

castortr0y [4]

Answer:

I don't know what is meaning

Explanation:

sry

3 0

3 years ago

*E21.23 (LO 5) (Sale-Leaseback) Assume that on January 1, 2020, Elmer's Restaurants sells a computer system to Liquidity Finance

Dennis_Churaev [7]

Solution and Explanation:

Date General Journal Debit Credit

January 1, 2017 Cash/Liquidity Finance Co. 680000

Computer system 600000

Profit on sale of computer system 80000

To record the sale of computer systems

January 1, 2017 Lease Rental 115970

Cash 115970

To record the first lease rental of the lease Journal entries in the books of lesser(Liquidity Finance Co.)

Amount in $

Date General Journal Debit Credit

January 1, 2017 Computer system 680000

Cash/Elmer's Restaurants 680000

To record the purchase of computer systems

January 1, 2017 Cash 115970

Lease Rental Income 115970

To record the first receipt towards lease rental of the lease

December 31, 2017 Depreication on computer system 68000

Accumulated depreication on computer system 68000

To record the depreication expense for the year

5 0

3 years ago

A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month.

Shalnov [3]

Answer:

Explanation:

7 0

3 years ago