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Blizzard [7]
2 years ago
6

You ordered a meal at Taco Bell for you and your friend. The total of the meal was $21.07.

Business
1 answer:
wlad13 [49]2 years ago
5 0

Answer:the change is 8.97. I’m not sure what the second one is wanting?

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Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both Trish and Josh will recei
mamaluj [8]

Answer:

The last option is the answer -$141.80

Explanation:

we will use the present value formula for Trish she gets paid every first day of the month therefore she will receive an immediate payment of cash flow which will be added to the present value of future periodic value. Therefore we will find the difference between present values for Trish and Josh which have the same amounts which they'll receive per month.

Given: Trish and josh both receive $450 per month therefore that will be C the monthly future payment that will be received.

They will receive these amounts in a course period of Four years so that will be n = 4 x12=48  because we know that they will receive these payments every month or on a monthly basis for four years. which n represent periodic payments.

i which is the discount rate of 9.5%/12 as we know they will recieve these amounts monthly.

Therefore using the following formulas for present value annuity:

Pv = C[(1-(1+i)^-n)/i] and Pv= C[(1-(1+i)^-n)/i](1+i) then get the difference between these two present values for Trish and Josh.

therefore we will substitute the above values on the above mentioned formula to get the difference:

Pv= 450[(1-(1+9.5%/12)^-48)/(9.5%/12)]  - 450[(1-(1+9.5%/12)^-48)/(9.5%/12)](1+9.5%/12)    then we compute and get

Pv= $17911.77614 - $18053.5777

Pv = -$141.80 is the difference between the two sets of present values as one has an immediate payment and one doesn't have it.

3 0
3 years ago
Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance
WARRIOR [948]

Answer:

4

Explanation:

receivable turnover = net credit sales / average inventory

avarage iventory = ($761000 + $841000)  / 2 = $801,000

$3,204,000 / $801,000 =  4

8 0
3 years ago
Brickhouse is expected to pay a dividend of $2.60 and $2.24 over the next two years, respectively. After that, the company is ex
Sholpan [36]

Answer:

$29.83

Explanation:

This question requires application of dividend discount model, according to which current value of share is present value of dividends expected in future.

P0=\frac{Div1}{(1+r)^{1} }+\frac{Div2}{(1+r)^{2} }+\frac{V2}{(1+r)^{2} }

where V2 is the terminal value, present value of dividends growing at constant growth rate,

V2 = Div3 ÷ (r - g)

Div3 = $2.24 × (1 + 2.8%)

        = $2.30272

V2 = $2.30272 ÷ (0.102 - 0.028)

    = $2.30272 ÷ 0.074

    = $31.12

P0=\frac{2.60}{(1+0.102)^{1} }+\frac{2.24}{(1+0.102)^{2} }+\frac{31.12}{(1+0.102)^{2} }

P0=\frac{2.60}{1.102}+\frac{2.24}{1.214404}+\frac{31.12}{1.214404}

          = 2.36 + 1.84 + 25.63

= $29.83

6 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money su
Triss [41]

When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the

right, raising the price level.

What does money market mean?

The money market refers to trading in very short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers.

What is the features of money market?

It is market purely for short-term funds or financial assets called near money. It deals with financial assets having a maturity period up to one year only. It deals with only those assets which can be converted into cash readily without loss and with minimum transaction cost

What Is Price Level?

Price level is the average of current prices across the entire spectrum of goods and services produced in an economy. In more general terms, price level refers to the price or cost of a good, service, or security in the economy.

Learn more about price level:

brainly.com/question/10490541

#SPJ4

4 0
1 year ago
On December 31, 2020, Flounder Company signed a $1,278,400 note to Culver Bank. The market interest rate at that time was 10%. T
S_A_V [24]

Answer:

All requirements are solved

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. Each periodic payment is the same amount in total for each period.

<u>Requirement A</u>

Amount of cash Flounder received from the loan =(1,278,400 x 0.62092) (102,272 x 3.79079)

Amount of cash Flounder received from the loan = 1,181,476    

   

<u>Requirement B</u>

Date           Cash           Interest         Increase in                 Carrying Amount

               Received Revenue     Carrying Amount         of Note

12/31/20                                                                                      1,181,476

12/31/21    102,272         118,148         15,876                       1,197,352

12/31/22   102,272         119,735         17,463                       1,214,815

<u>Requirement C</u>

Loss due to impairment = 1,214,815 - [(767,040 x 0.75131) (102,272 x 2.48685)]          

Loss due to impairment = 384,195    

6 0
3 years ago
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