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3 years ago

What’s dangerous about taking out a payday loan?

Business

1 answer:

vagabundo [1.1K]3 years ago

8 0

Answer:

the main danger with taking out a payday loan is that you may quickly get trapped in a cycle of debt ,although altho payday loan is normally for a fairly low sum of money, such as £200, it is easy to get trapped in a cycle of taking a new loan out every month to cover the same or increased shortfall

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A corporation has issued 50,000,000 shares of common stock at $.50 par. The corporation has 10,000,000 shares of Treasury Stock

Alex777 [14]

Answer:

A. $20,000,000

Explanation:

Issued stock is the total number of shares issued by the company.

Treasury stock are those share which is company has bought back from the market.

Outstanding stock are the share which is held by the stockholders of the company. The treasury shares are excluded from it because these share are held by company by itself not by the stockholders.

Issued Share of the corporation = 50,000,000 share

Treasury shares = 10,000,000 shares

Outstanding share = 50,000,000 - 10,000,000 = 40,000,000 shares

Aggregate par value of outstanding shares = 40,000,000 x $0.50

Aggregate par value of outstanding shares = $20,000,000

5 0

3 years ago

What part of the promotional campaign should change across different<br> promotional materials?

Masteriza [31]

Answer:

information about products or services

Explanation:

8 0

3 years ago

Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie

Anvisha [2.4K]

The total profit Marjorie's mugs are = $2200

<h3>What is Variable cost?</h3>

Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.

<h3>What is fixed cost?</h3>

Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.

<h3>According to the given information:</h3>

Total mugs sold = 300

mugs sold at = 20

variable cost = 7

total fixed cost = 1700

find the profit:

profit = (300*(20-7) - 1,700)

= $2,200

The total profit Marjorie's mugs are = 2200

To know more about Variable cost visit:

brainly.com/question/27853679

#SPJ4

7 0

2 years ago

Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4% with semiannual payments of

frutty [35]

Answer:

Current yield is 6.17%

Explanation:

Tenor: 15 years

-> number of payment (NPer) is 30 (= 15 years * 2 for semiannual)

Coupon rate: 7.4%

- > semiannual payments (PMT): $37 = ($1000*7.4%/2)

Future value (FV): $1000

Present value (PV): $1200

Current yield = annual coupon/ current price = $37*2/$1200 = 6.17%

<u>Extra: </u>

We use excel to calculate yield to date (YTD) or nominal yield:

= Rate(Nper, PMT, - PV,FV) = Rate(30,37,-1200,1000) = 2.717% semiannual

-> annual rate is 5.43%

The bond issue is callable in 5 years at a call price of $1,074, then FV is $1074

Yield to call = rate(10,37,-1200,1074) = 2.13% semiannual

-> annual rate is 4.26%

5 0

3 years ago

Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $30 and the price o

adelina 88 [10]

Answer: 67

Explanation:

8 0

3 years ago