Credit $1300 from you cash or bank account and Debit $1300 to Principal account.
Answer:
I can pay the loan 58 months faster by making my planned monthly payments of $225 with the new card.
Explanation:
In arriving at the above, I calculated the number of months to make monthly payments using the old card at 130 months and that of the new card as 72 months(as shown in the attached).
Invariably, the difference in months between the two above is 58 months(130-78).
In computing the months I used the nper function in excel as found in the attached spreadsheet
Answer:
Project B should be accepted.
Explanation:
Giving the following information:
Project A:
Io= -$284,700
Year 1= $75,900
Year 2= $106,400
Year 3= $159,800
Project B:
Io= -$115,000
Year 1= $50,000
Year 2= $50,0000
Year 3= $50,000
Discount rate= 11%
To calculate the convenience of each project, we need to calculate the Net Present Value (NPV). If the NPV is positive, the project increases the value of the company.
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
Project A:
NPV= -284,700 + 75,900/1.11 + 106,400/1.11^2 + 159,800/1.11^3
NPV= -13,120.61
Project B:
NPV= -$115,000 + 50,000/1.11 + 50,000/1.11^2 + 50,000/1.11^3
NPV= 7,185.74
Project B should be accepted.
Answer:
Management’s assessment of the company’s liquidity and the availability of capital to the company
Explanation:
The Sarbanes-Oxley Act of 2002 cracks down on corporate fraud. It created the Public Company Accounting Oversight Board to oversee the accounting industry. It banned company loans to executives and gave job protection to whistleblowers. The Act strengthens the independence and financial literacy of corporate boards.
A . Law of diminishing returns is the answer .
Because the law of diminishing returns argues. that the expansion of a business must always consider the demand and if it does not the graph will lower into the diminishing returns that is less and less profit for the firm.