List 4 stakeholders

24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav

polet [3.4K]

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.

Below is the calculation:

$Present \ value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\$

$\text{Total value of car} = savings + present \ value \\= 4000 + 13290.89 \\= 17290.89$

7 0

3 years ago

Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th

RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

The income statement

Sales Revenue $ 67,700

COGS ($ 53,400)

Delivery expenses ($ 2,600)

Salary expenses ($ 5,500)

Net profit $ 6,200

Balance Sheet

Asset

Cash $ 1,200

Equipment $ 29,000

Building $ 40,000

Supplies $ 3,400

Total Assets $ 73,600

Equity

Common Stock $ 44,000

Retain earning $ 24,400

(18,200 + 6,200)

Liability

Account Payable $ 4,400

Salaries payable $ 8,00

Total Liabilities $ 73,600

Statement of Stockholders

Opening common Stock $ 40,000

Addition $ 4,000

Closing common Stock $ 44,000

Retain earning Opening $ 18,200

Net profit $ 6,200

Retain profit Closing $ 24,400

Total Equity $ 68,400

4 0

3 years ago

If a borrower provides collateral and fails to repay the loan,

MakcuM [25]

The correct option is B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.

6 0

3 years ago

Read 2 more answers

Toggle Company reported sales of $310,000 and cost of goods sold of $180,000 for 20X2. During 20X2, Toggle’s accounts receivable

kiruha [24]

Answer:

Cash Received from customers = $293,000

Cash payments to suppliers = $167,000

Cash flows from operating activities = $460,000

Explanation:

Cash Received from customers is calculated as follows :

Sales $310,000

Less Increase in accounts receivable ($17,000)

Cash Received from customers $293,000

Cash payments to suppliers is calculated as follows :

Cost of goods sold $180,000

Decrease in Inventory $8,000

Decrease in Payable ($21,000)

Cash payments to suppliers $167,000

Cash flows from operating activities is calculated as follows :

Cash Received from customers $293,000

Cash payments to suppliers $167,000

Cash flows from operating activities $460,000

7 0

3 years ago

A licensing agreement: a. is the best way to protect proprietary technology from future competitors. b. can be greatly impacted

cupoosta [38]

Answer:

c. allows a foreign firm to purchase the right to manufacture and sell a firm's products within a host country.

Explanation:

The licensing agreement is a legal contract between the parties knows as licensor and the licensee, where the licensor allows for the sales of the goods and to apply the brand name of the product or use the patent technology.

As it usually refers to a written contract and the payment s termed as loyalty. Any failure to follow the agreement may lead to the termination of the license and the payments.

8 0

3 years ago