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3 years ago

7

Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for

$350 $200,000 loan for a home

2 answers:

Korolek [52]3 years ago

8 0

Answer:

C

Explanation:

one-week payday loan for $350

just took the personal finance quiz on edge 2020

mario62 [17]3 years ago

7 0

Answer:

Option C: one-week payday loan for $350

Explanation:

Ed-gen-ui-ty 2020

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Jose is an up and coming entrepreneur working on solidifying his business plans. After meeting with his mentor, he learns that h

dybincka [34]

Answer:

This is important for Jose because as a business owner you want to know what type of business you are running

Explanation:

hope this helps :D

4 0

2 years ago

The Outlet needs to raise $3.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds

Pani-rosa [81]

Answer:

14,783.33 bonds

Explanation:

Given

Par value FV = $1000

n =20 * 2 =40

R= 7.80/2 = 3.90%

Price per bond:

price per bond : $PV = \frac{FV/}{(1+r)^n}$

$= \frac{000}{(1+0.039)^{40}}$

$= \frac{1000}{4.619786467}$

= 216.46

No. of bonds to be issued = $\frac{amount to raise}{ price per bond}$

$= \frac{3,200,000}{216.46}$

= 14,783.33 bonds

3 0

3 years ago

Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires o

EastWind [94]

AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.

When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.

Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.

Learn more About AFN from

brainly.com/question/13203205

3 0

2 years ago

Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales a

DerKrebs [107]

Answer:

d. 2.24%

Explanation:

total annual sales = $3,600,000

fixed asset turnover = total sales / fixed assets = 4, that means that total fixed assets = $3,600,000 / 4 = $900,000

debt = 50% = $450,000

equity = 50% = $450,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,600,000 x (1 - 15%) = $3,060,000

EBIT = $135,000

net income = $81,000

assets = $3,060,000 / 2.5 = $1,224,000

equity = $1,224,000 x 50% = $612,000

ROE = $81,000 / $612,000 = 13.24%

relaxed policy:

asset turnover = 2.2

EBIT = $150,000

net income = $90,000

assets = $3,600,000 / 2.2 = $1,636,364

equity = 50% x $1,636,364 = $818,182

ROE = $90,000 / $818,182 = 11%

difference between ROEs = 13.24% - 11% = 2.24%

8 0

3 years ago

If a sole proprietorship fails which of the owner's assets may be lost

bulgar [2K]

They can lose their personal assets.

4 0

3 years ago