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3 years ago

Prompt What is a loan?

Business

2 answers:

Nadusha1986 [10]3 years ago

5 0

Answer:

in finance a loan is the leading of money by one or more individuals organizations or other entities to other individuals organizations act the repentant incurs a debt is usually liable to pay interest on the debt until it is repaid as well as we pay the principal amount borrowed.

AfilCa [17]3 years ago

4 0

Answer:

In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.

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A polisher costs $10,000 and will cost $20,000 a year to operate and maintain.If the discount rate is 10% and the polisher will

BlackZzzverrR [31]

Answer: $22637.98

Explanation:

Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:

We first calculate the present value which will be:

= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5

= $85815.74

The the equivalent annual cost will be:

= Present Value/PVIFA(10%,5)

= 85815.74/3.7908

= $22637.98

7 0

3 years ago

The Mega-Bank is considering either a bankwide overhead rate or department overhead rates to allocate $135,000 of indirect costs

siniylev [52]

Answer:

The Mega-Bank

The amount allocated to the Commercial Department is:

= $324,810.

Explanation:

a) Data and Calculations:

Indirect costs = $410,000

Department DLH Loans Processed Direct Costs

Consumer 16,000 650 $350,000

Commercial 7,000 400 $250,000

Total 23,000 1,050 $600,000

Allocation Bases:

Bankwide rates:

DLH = $410,000/23,000 = $17.83

Loans processed = $410,000/1,050 = $390.48

Commercial Department Allocated Costs:

Cost to process loans = $500 * 400 = $200,000

Cost based on DLH = $17.83 * 7,000 = 124,810

Total costs = $324,810

7 0

3 years ago

List three ways Populist party proposed to expand the powers of the government in the united states

agasfer [191]

They abolished the national banks they graduated the income tax system they enabled the election of the senators by the direct vote of the people the working day for eight hours and the postal banks were some of the main ideas proposed to expand the rule

Explanation:

This party was mainly developed in the idea of promoting the agricultural based products and they worked in improving the conditions of the people and the country

They had many goals and the most important among them was the coinage of silver the abolition of national banks and some schemes and they had many other policies which worked in the improvements in the lives of the people

5 0

3 years ago

You own a stock portfolio that is invested 10% in stock A, 30% in stock B, 40% in stock C, and 20% in stock D. These stocks have

navik [9.2K]

Explanation:

10%×1.2+30%×0.8+40%×1.1+20%×1.5=12%+24%+44%+30%=1.1?

8 0

3 years ago

John Reynolds established a $500,000 trust, the income from which is to be paid to Mansfield University for general operating pu

zubka84 [21]

Based on the trust amount and the present value of income, the journal entry in Mansfield's books is:

Date Account title Debit Credit

Beneficiary Interest in Trust $500,000

Contributions with Donor $500,000.

Imposed Restrictions

<h3>What journal entry would record the transaction?</h3>

The beneficiary interest account should be debited with the $500,000 that was used to establish the trust.

It should be credited to the Contributions account but only an account that accounts for the restrictions on usage.

Find out more on journal entries at brainly.com/question/14279491.

#SPJ12

6 0

2 years ago