Identify the kind of sample that is described.

VARVARA [1.3K]

Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money. It attracts low-interest rates.

Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.

6 0

2 years ago

Consumer demand for personal computers or smart devices ultimately determines the demand for the parts and materials involved in

Aliun [14]

Answer:

The correct answer is c. Derived demand .

Explanation:

Derived demand is the demand for goods and services that is generated as a result of the demand for other goods and services. This type of demand usually corresponds to the demand for factors or products, since the demand for a good or service may be related to the process necessary to produce another good or service, although it can affect both producers and consumers.

Derived demand can sometimes lead to an increase in the price of a marginal product, since the demand for the resources needed to produce a physical product also increases.

8 0

2 years ago

A coin collector treasures his 1969minusS doubled die obverse Lincoln cent because he found it in his pocket change, rather tha

Anna [14]

Answer:

$35,000

Explanation:

The value of the coin is equivalent to the selling price i.e $35,000

As it is mentioned in the question that coin would be sell in the open market instead of purchasing it

Since the coin is sold at the open market so the same is to be considered

And, therefore the value of the coin is $35,000

Hence, the first option is correct

4 0

2 years ago

The Murdock Corporation reported the following balance sheet data for 2021 and 2020:

Alex_Xolod [135]

Answer:

The Murdock Corporation

Statement of Cash Flows for the year ended December 31, 2021

Operating activities (only):

Net income $69,000

Depreciation expense 51,100

Gain on sale of securities (6,400)

Gain on sale of equipment (1,950)

Changes in working capital:

Accounts receivable (13,650)

Inventory (21,900)

Prepaid insurance 690

Accounts payable (74,230)

Salaries payable (6,400)

Notes payable (current) (51,900)

Cash flow from operations ($55,640)

Explanation:

a) Data and Calculations:

2021 2020 Change

Cash $98,465 $34,355 +$64,110

Available-for-sale debt securities

(not cash equivalents) 25,000 104,000 -79,000

Accounts receivable 99,000 85,350 +13,650

Inventory 184,000 162,100 +21,900

Prepaid insurance 3,210 3,900 -690

Land, buildings, and

equipment 1,288,000 1,144,000 +144,000

Accumulated depreciation (629,000 ) (591,000 ) +38,000

Total assets $1,068,675 $942,705

Accounts payable $93,440 $167,670 -74,230

Salaries payable 27,600 34,000 -6,400

Notes payable (current) 42,100 94,000 -51,900

Bonds payable 219,000 0 +219,000

Common stock 300,000 300,000 0

Retained earnings 386,535 347,035 +39,500

Total liabilities and

shareholders' equity $1,068,675 $942,705

Additional information for 2021:

1. Available=for-sale debt securities:

Cost = $79,000

Sales = 85,400 Cash

Profit = $6,400

2. Equipment:

Cost = $20,000

Acc. Dep. 13,100

Book value 6,900

Cash sales 8,850

Profit = 1,950

Accumulated Depreciation:

Beginning balance $591,000

Sale of equipment (13,100)

Depreciation expense 51,100

Ending balance 629,000

3. Bonds issue = $219,000

Interest on bonds = 13,140 ($219,000 * 6%)

4. Purchase of new equipment = $164,000

5. Cash dividends = $29,500

6. Net income = $69,000

Statement of Cash Flows for the year ended December 31, 2021

Operating activities:

Net income $69,000

Depreciation expense 51,100

Gain on sale of securities (6,400)

Gain on sale of equipment (1,950)

Changes in working capital:

Accounts receivable (13,650)

Inventory (21,900)

Prepaid insurance 690

Accounts payable (74,230)

Salaries payable (6,400)

Notes payable (current) (51,900)

Cash flow from operations ($55,640)

Investing activities:

Sale of equipment 8,850

Purchase of equipment (164,000)

Available-for-sale debt securities

(not cash equivalents) 85,400

Cash flow from investing ($69,750)

Financing activities:

Issue of bonds 219,000

Dividends (29,500)

Cash from financing $189,500

Net Cash flows $64,110

Reconciliation:

Beginning cash balance $34,355

Net Cash flows $64,110

Ending cash balance $98,465

5 0

2 years ago

Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c

Sedaia [141]

Answer:

11.25%

Explanation:

Tunbull Co. are planning to start a project that requires an initial investment of $1,708,000

The firm is able to raise $1,708,000 in capital by issuing an amount of $750,000 in debt

Before-tax cost is 10.2%

Preferred stock is $78,000 at 11.4%

The equity is $880,000 at a cost of 14.3%

Tax rate is 40%

The first step is to calculate the weight of preferred stock, weight of debt, weight of equity and after-tax cost of debt.

(a)Weight of preferred stock

= $78,000/$1,708,000

= 0.0457

(b)Weight of debt

= $750,000/$1,708,000

= 0.04391

(c) weight of equity

= $880,000/$1,708,000

= 0.5152

(d) After-tax cost of debt

= 10.2% × (1-25/100)

= 10.2% × ( 1-0.25)

= 10.2%×0.75

= 7.64

Therefore, the wacc can be calculated as follows

Wacc= (weight of debt×after-tax cost)+(weight of preferred stock×cost of preferred stock)+(Weight of equity×cost of equity)

= (0.4391×0.0765)+(0.0457×0.1140)+(0.5152×0.1430)

= 0.03359+0.0052+0.07367

= 0.1125×100

= 11.25%

Hence the wacc for this project is 11.25%

6 0

2 years ago