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2 years ago

Your credit score says most companies will loan you money at ten percent

Business

2 answers:

ladessa [460]2 years ago

8 0

Answer:

OD. Predatory Lending.

Explanation:

Predatory lending is any lending practice that imposes unfair and abusive loan terms on borrowers, including high interest rates, high fees, and terms that strip the borrower of equity. Predatory lenders often use aggressive sales tactics and deception to get borrowers to take out loans they can't afford

Lena [83]2 years ago

5 0

This is an example of predatory landing

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Mills Corporation acquired as a long-term investment $230 million of 8% bonds, dated July 1, on July 1, 2021. Company management

frosja888 [35]

Answer:

1) July 1, 2021, bonds purchased at a premium

Dr Investment in bonds 230,000,000

Dr Premium on bonds 30,000,000

Cr Cash 260,000,000

Sine the price paid for the bonds was higher than the face value, they were purchased at a premium.

2) December 31, 2021, coupon payment received from investment in bonds

Dr Cash 9,200,000

Cr Interest revenue 7,800,000

Cr Premium on bonds 1,400,000

amortization of bond premium = (260,000,000 x 3%) - 9,200,000 = -1,400,000

3) investment in bonds balance = $260,000,000 - $1,400,000 = $258,600,000

4) January 2, 2022, bonds sold

Dr Cash 270,000,000

Cr Investment in bonds 230,000,000

Cr Premium on bonds 28,600,000

Cr Gain on sale of investment 11,400,000

Gain on sale = selling price - carrying value of investment = $270,000,000 - $258,600,000

3 0

2 years ago

A company estimates that an average-risk project has a WACC of 10 percent, a below-average-risk project has a WACC of 8 percent,

prisoha [69]

Answer:

B) Project B has below-average risk and an IRR = 8.5 percent.

Explanation:

Since the evaluation is based on IRR, use IRR rule that says you accept a project if its IRR > Cost of capital(WACC in this case)

Project A's IRR of 9% is < 10% WACC for average risk projects hence reject it.

Project B's IRR of 8.5% is > 8% WACC for below- average risk projects hence accept it.

Project C's IRR of 11% is < 12% WACC for above- average risk projects hence reject it.

8 0

2 years ago

Australia's Health Insurance Commission processes 300 million health claims and makes annual payments of $8 billion of payments

Aleks04 [339]

The insurance company would store all its information in a <u>data warehouse</u> to support management decision making.

<h3>What is a data warehouse?</h3>

This means the large store of data that was accumulated from a wide range of sources within a firm and are used to guide the management decisions.

Therefore, the data warehouse is the facility that will store tha data for future use and to support management decision making.

Read more about data warehouse

<em>brainly.com/question/25885448</em>

7 0

1 year ago

In a market economy, decisions about which goods are produced are based

notsponge [240]

Answer:

A what businesses believe will generate the most profits.

Explanation:

In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.

The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.

5 0

2 years ago

Read 2 more answers

Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following tra

Zolol [24]

Answer:

Required:

Prepare the stockholders’ equity section of the balance sheet at December 31.

Explanation:

check the file attached for the balance sheet at December 31.

Download docx

7 0

2 years ago