Answer:
Investment on Slender 51,000
Goodwill 9,000
fees expense 4,000
Cash 64,000
Explanation:
fair value of Slender:
71,000 - 20,000 = 51,000
purchase price 60,000
goodwil 9,000
finder's fees 4,000
It will recognize the goodwill for Slender
it will pay the finder's and recognize them as expense
The total cash will be 60,000 to aquire Slender and the 4,000 finder's expense
Answer:
The correct answer is letter "A": innovative.
Explanation:
Innovative changes allow companies to use new strategies and technologies to improve the efficiency of their operations. Sometimes those changes are processes or technological devices created by the company itself while in other cases they are adopted from other entities with similar approaches and accomplish almost the same goal.
Answer: Real GDP does not fluctuate if growth is occurring.
Explanation:
- A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.
- In a partnership, two or more people pool their money and credit to start the business.
Monthly payment = $1774.71
Effective annual rate = 7.02%
The equation for a loan payment is
P = r(PV)/(1-(1+r)^(-n))
where
P = Payment per period
PV = Present value
r = interest rate per period
n = number of periods
Since the 6.8% interest rate is APR, we need to divide by 12 to get the interest per month. So in the above equation r = 0.068/12 = 0.005666667, the number of periods is 48 and the Present Value is 74400. Let's plug in the numbers and calculate.
P = r(PV)/(1-(1+r)^(-n))
P = 0.00566666666666667(74400)/(1-(1+0.00566666666666667)^(-48))
P = 421.6/(1-(1.00566666666666667)^(-48))
P = 421.6/(1-0.762439412691304)
P = 421.6/0.237560587308696
P = 1774.70516
So the month payment rounded to 2 decimal places is $1774.71
The effective interest rate is
ER = (1 + r/12)^12 - 1
Let's plug in the numbers and calculate.
ER = (1 + 0.068/12)^12 - 1
ER = (1 + 0.00566666666666667)^12 - 1
ER = (1.00566666666666667)^12 - 1
ER = 1.07015988024972 - 1
ER = 0.07015988024972 = 7.015988024972%
So after rounding, the effective interest rate is 7.02%
