When a crisis interferes with normal operations, the establishment may need to ____

Jeffery Wei received a 7-year non-subsidized student loan of $30,000 at an annual interest rate of 5.2%. What are Jeffery's mont

levacccp [35]

Answer:

$515.56

Explanation:

Since it is a non-subsidized loan, interest would accrue during the 4 years Jeffery is in college.

So, find interest accrued using simple interest rate formula;

Simple interest (SI)= Principal * rate* time

SI = 30,000*0.052*4

SI = 6240

Next, add this amount to the borrowed loan amount;

Total amount in 4 years = 30,000 + 6,240 = 36,240

Using a financial calculator, input the following to solve for the monthly PMT;

PV = -36,240

FV = 0

Monthly interest rate ; I = 5.2%/12 = 0.433%

N = 7*12 = 84 months

then compute payment; CPT PMT = $515.56

5 0

3 years ago

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-

Ghella [55]

Answer:

Instructios are listed below.

Explanation:

Giving the following information:

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.

Wages and salaries:

Fixed= $ 2,300

Variable= $ 7.20

Estimated Wages and Salaries= 2,300 + 7.2*2,100= $17,420

3 0

4 years ago

Assume that the CAPM holds. One stock has an expected return of 8% and a beta of 0.5. Another stock has an expected return of 13

Zolol [24]

Answer:

10.5%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For one stock

8% = Risk-free rate of return + 0.5 × (Market rate of return - Risk-free rate of return)

8% = Risk-free rate of return + 0.5 × Market rate of return - 0.5 × Risk-free rate of return

8% = 0.5 × Risk-free rate of return + 0.5 × Market rate of return

8% ÷ 0.5 = Risk-free rate of return + Market rate of return

So, Risk-free rate of return + Market rate of return = 16

Risk-free rate of return = 16 - Market rate of return - 1

For another stock

13% = Risk-free rate of return + 1.5 × (Market rate of return - Risk-free rate of return)

13% = Risk-free rate of return + 1.5 × Market rate of return - 1.5 × Risk-free rate of return

13% = - 0.5 × Risk-free rate of return + 1.5 × Market rate of return - 2

Now put these equations together

13% = - 0.5 × (16 - Market rate of return) + 1.5 × Market rate of return

13% = - 8 + 0.5 × Market rate of return + 1.5 × Market rate of return

So, Market rate of return would be

= 21 ÷ 2

= 10.5%

4 0

3 years ago

16) (2 marks)

musickatia [10]

Answer:

171 units

Explanation:

Break-even point = fixed cost / Divide by contribution margin per unit.

fixed costs = £12,000

Contribution margin per unit = selling price - variable cost per unit

Selling price £88: variable cost £18

contribution margin per unit

= £88 - £18

=£70

Break-even point = £12,000/£70

=171.42

=171 units

3 0

3 years ago

When is it acceptable under NASAA rules for an IAR to exercise discretionary authority over the account of an investor?

Fofino [41]

Answer:

B) If the IAR receives authority via telephone and this is followed by written authority within 10 days, the IAR may exercise discretion over the account.

Explanation:

The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which allows IAR the use of discretionary authority with verbal authorization (in this case a telephone call), but the verbal authorization must be confirmed by a written authorization within 10 days.

3 0

4 years ago

When a crisis interferes with normal operations, the establishment may need to _____.