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Korolek [52]
3 years ago
10

You are borrowing money to buy a car. If you can make payments of $320 per month starting one month from now at an interest rate

of 12%, how much will you be able to borrow for the car today if you finance the amount over 4 years
Business
1 answer:
Lilit [14]3 years ago
7 0

Answer:

the present value is $12,151.67

Explanation:

The computation of the amount that should be borrowed today i.e. present value is shown below:

Given that

PMT = $320

Rate of interest = 12 ÷ 12% = 1%

NPER = 4 × 12 = 48

FV = $0

The formula is shown below

= -PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula, the present value is $12,151.67

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Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:
diamong [38]

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013  =  Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

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4 0
3 years ago
[based on the results of the simulation, can policy market interventions cause a change in consumer or producer surplus? explain
WITCHER [35]

When the intervention rises the price stage of goods, then the incentive to supply extra desires increases and consequently growing manufacturers' surplus. So policy market can motivate both client and producer surplus.

A tax causes consumer surplus and producer surplus (earnings) to fall.. some of those losses are captured inside the tax, however, there may be a loss captured with the aid of no celebration—the value of the devices that could be exchanged had been there no tax. those lost gains from trade are called deadweight losses.

For each monetary transaction, there can be both producer surplus (or profit) and client surplus. The mixture–or blended–a surplus is called the economic surplus.

Learn more about policy market here: brainly.com/question/25754149

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6 0
1 year ago
Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by
matrenka [14]

Answer:

The answer is: Owner is personally liable for all debts of the business.

Explanation:

Sole proprietorship is the oldest type of business, where a single person is the owner of a business.

Some of the advantages of sole proprietorship are:

  • the simplest and most flexible business structure.
  • owner has complete control and full decision making powers
  • easy to close down the business
  • profits are taxed at the owner´s tax rate

Some of the disadvantages of sole proprietorship are :

  • owner is personally liable for all debts of the business .- if the business goes bankrupt, usually the owner does also
  • death or illness of the owner will lead to the end of the business.
  • difficulties in raising capital from outside sources
7 0
3 years ago
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