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ASHA 777 [7]
3 years ago
8

Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interes

t by making weekly payments of $36. 13 for four years. If the principal was $7,150, how much did Kevin pay in finance charges, to the nearest dollar? a. $498 b. $365 c. $422 d. $787.
Business
1 answer:
Bumek [7]3 years ago
3 0

Kevin pay in <u>finance charges</u> the amount of approximately $787.

The weekly <em>principal and interest </em>amount are $36. 13 for 4 years. Here, the principal amount paid is $7,150.

Therefore,<u> total interest plus the principal </u>amount paid in 4 years are:

36.13*52*4\\=7515.04.

Here,<u> 52 is the total week </u>in a year that is multiplied by <u>4 years</u> and payment in one week.

The<em> service charge</em> that Kevin intended to pay was $422, which makes the total payment as:

7515.04 + 422\\=7937.04

Hence, the <u>actual finance charge</u> would be computed as below:

7937.04 - 7150\\=787.04.

Learn more about finance charge payment here:

brainly.com/question/1444028

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A C corporation earns $ 9.20 per share before taxes and the company pays a dividend of $ 4.00 per share. The corporate tax rate
alexgriva [62]

Answer:

The answer is $4.27

Explanation:

Solution

Given that:

AC corporation earns = $9.2 per share

Pays a dividend of =$4.00

The tax rate (Corporate ) is​ =39%

The tax rate on personal dividends is​= 15%

The tax rate for non-dividend personal  income is​ = 36%

Now,

We must find the after tax rate amount  of after tax rate an individual or a person would earn from the dividend

Thus,

The corporate tax =$9.40 * 39% = 3.67

Personal tax = $4.00 * 15% = 0.6

Now we find the total for the after tax rate

Total = $3.67 + $0.6

= $4.27

Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27

6 0
3 years ago
1- In 2013, Walmart decided to enter the Indian market in a joint-venture with Bharti Enterprises. Based upon your analysis of W
Ivahew [28]

Answer:

1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.

2- To enter a new market Joint-venture will be suitable because:

In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.

Explanation:

1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.

2- To enter a new market Joint-venture will be suitable because:

In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.

4 0
3 years ago
Qu. 13-95 (Algo) Two products, QI and VH, emerge from a joint process... Two products, QI and VH, emerge from a joint process. P
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Answer and Explanation:

The computation of the financial advantage or disadvantage is as follows:

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Selling price after further processing  13.00

Selling price at split off point                 11.00

Incremental revenue per pound or gallon 2.00

Total production                                    2,200.00

Total Incremental Revenue                 4,400.00

Total Incremental Processing costs        10,200.00

Total Incremental profit or loss                   (5,800.00)

Since there is an incremental loss so the same would be Sold at split off

7 0
3 years ago
An income property generates $9,200 per month, and is valued at $985,000. What is its gross rent multiplier
Alborosie

Answer:

107.07

Explanation:

Calculation for What is its gross rent multiplier

Gross rent multiplier= Income Property value/income property generated per month

Let plug in the formula

Gross rent multiplier= $985,000/$9,200 per month

Gross rent multiplier=107.07

Therefore its gross rent multiplier will be 107.07

8 0
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Suppose every student in a class is surveyed and it is found that? 75% of the class plans to take another math class. it is repo
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3 years ago
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