Answer:
Monthly payment =$32,618.05
Explanation:
<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>
<em>The monthly installment</em>
= (Principal + total interest for 9 months)/ number of months
<em>Interest for 9 months </em>
= 9%× 9/12 × 275,000
= $18,562.5
<em>Monthly installment</em>
= (275,000 + $18,562.5)/9
=32,618.05 per month
The few rule the many. Hope this helped, have a great day! :D
A legitimate commercial program should provide information in regard to all of the following (staff training and education, the risks of their products or program, and program outcomes) except personal testimonials. The correct answer is D.
Answer:
a. Is JV a variable interest entity (VIE)?
Yes, JV should be considered a variable interest entity. Basically both AutoCo and ElectricCo share JV's board, but ElectricCo didn't have the money to start a company or even be part of a joint venture. ElectricCo's equity is financed by AutoCo, so ElectricCo has basically no no equity at risk. Even the debt acquired by JV is backed by AutoCo, but AutoCo does not control JV on its own.
Basically ElectricCo's contribution is technology, and AutoCo provides everything else, but both control the company with one side (ElectricCo) not having enough money to invest but doing so through financing.
b. Which entity, if any, should consolidate JV?
AutoCo must include JV in its consolidated balance sheet since it owns 60% of the company and the products manufactured by JV are sold under AutoCo's brand.
Answer:
Total dividends is $421,600.00
Explanation:
Preferred shareholders' dividend=preferred shares value*4%
preferred shares value=8000*$80
=$640,000
Preferred shareholders' dividend=$ 640,000.00*4%
=$25,600.00
Common shareholders' dividend =number of shares*dividend per share
number of shares is 99,000
dividend per share is $4
Common shareholders' dividend =99000*$4
=$396,000.00
Total dividends=Common shareholders' dividend+Preferred shareholders' dividend
Total dividends=$25,600.00 +$ 396,000.00
=$ 421,600.00
