Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options

Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, mo

lions [1.4K]

Answer:

Monthly payment= $18,979.05

Explanation:

Giving the following information:

Loan (PV)= 3,000,000*0.8= $2,400,000

Monthly interest rate (i)= 0.05/12= 0.00416667

Number of periods (n)= 15*12= 180 months

To calculate the monthly payment, we need to use the following formula:

Monthly payment= (PV*i) / [1 - (1+i)^(-n)]

Monthly payment= (2,400,000*0.00416667) / [1 - (1.00416667^-180)]

Monthly payment= $18,979.05

5 0

3 years ago

7. Constant growth rates One of the most important components of stock valuation is a firm’s estimated growth rate. Financial st

olchik [2.2K]

Based on information given, Robert’s forecast of PAMC’s growth rate will be 11.4%.

Here, we are going to calculate Robert’s forecast of PAMC’s growth rate by using the information provided..

The formula to be deployed is Price = Dividend in 1 year/(cost of equity - growth rate)

Given Information

Pan Asia Mining Co.’s stock is trading at $13.75

Expected year-end dividend = $0.66

Stock’s expected rate of return = 6.60%.

$13.75 = $0.66 / (6.60% - Growth rate)

$13.75 = $0.66 / (0.066 - Growth rate)

$13.75*((0.066 - Growth rate) = $0.66

$0.9075 - $13.75(Growth rate) = $0.66

$13.75(Growth rate) = $0.66 + $0.9075

Growth rate = $1.5675 / $13.75

Growth rate = 0.114

Growth rate = 11.4%

Therefore, Robert’s forecast of PAMC’s growth rate will be 11.4%.

See similar solution here

brainly.com/question/15517733

4 0

3 years ago

Davis Company has analyzed its overhead costs and derived a general formula for their behavior: $65,000 + $14 per direct labor h

Ratling [72]

Answer:

$15.3 per direct labor hour

Explanation:

Overhead costs are those costs which are incurred for the manufacturing of the product but not directly attributable to any product / service. It can be variable or fixed.

Formula for overhead costs = $65,000 + $14 per direct labor hour

Numbers of direct labor hours = 50,000 hours

Total Cost = $65,000 x ($14 x 50,000 ) = $765,000

Over head rate per direct labor hour = Total overhead cost / Numbers of direct labor hours = $765,000 / 50,000 = $15.3 per direct labor hour

5 0

4 years ago

Logan and Johnathan exchange land, and the exchange qualifies as like kind under § 1031. Because Logan's land (adjusted basis of

ZanzabumX [31]

Answer:

a. Logan's recognized gain is $38,600

b. Logan's recognized gain is $23,160

Explanation:

a. If the worth of the land for Jonathan is $183,350, then the gain recognized by Logan would be;

the lower of the realized gain between the amount realized of $231,600 - adjusted basis of $193,000 = $38,600

or the fair market worth of the received boot i.e $48,250.

Therefore, Logan's recognized gain is $38,600

b. Suppose Jonathan's land is worth, $208,440, then we can calculate Logan's recognized gain to be ;

the lower of the realized gain I.e amount realized of $231,600 - adjusted basis $193,00 = $38,600

or the fair market value of the received boot I.e $23,160 .

Therefore, Logan's recognized gain is $23,160

6 0

3 years ago

How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than igno

igomit [66]

Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.

Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.

8 0

3 years ago