Answer:
a) 15.33%
b) 16.4%
Explanation:
Data provided in the question:
Annual interest rate = 10 percent
Additional cost of maintaining a field warehouse = $16,000 per year.
Now,
Annual financing cost
= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%
For a) Amount borrowed = $300,000
Annual financing cost
= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%
= 15.33%
For b) Amount borrowed = $250,000
Annual financing cost
= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%
= 16.4%
Answer:
b) cyber fraud
Explanation:
Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.
The classification that is used in the senior market place is the lien plan
Explanation:
This type of plan is most often used with the senior life insurance plan and these plan are mainly to provide the most minimal benefits without the medical examination
In this plan only the one premium will be refunded and that too it assures only in the case of death and later the benefits take over the time and finally the face amount will be payable. This is the demand for repayment and there cannot be full assurance if the company will provide us or not
Answer:
A
Explanation:
If the company has introduced a loyalty program, customers are less likely to patronise other business. Thus, the threat of new entrants is reduced as firms would be less likely to enter into the industry knowing there is a high degree of customer loyalty to company XYZ
Answer: See explanation
Explanation:
a. What is Laurel’s initial tax basis in her LLC interest?
This will be the addition of the $250,000 basis for the equipment, accounts payable of $15,000 and also the $15,000 (15% × $100,000). This will be:
= $250,000 + $15,000 + $15,000
= $280,000
b. True.
Laurel’s holding period in the partnership interest begins the day the LLC interest is acquired. This is due to the fact that the asset contributed isn't a section 1232 asset. The reason for this is due to the fact that the asset was used for a year or less.
c. Sand Creek’s initial basis in the contributed property is $250,000.
d. Ten months.
Sand Creek’s holding period in the contributed property will be 10 months.
