do fast i will give like for sure Solution must be in typed form. beau borrows $15,000 from credit center to buy a car. the lender assigns the right to receive the loan payments to debt collections inc. if beau does not pay the debt, the assignee can
Q: a) Explain to Mrs. Kaleji the differences of the quotations given above and the differences…
A: Cross exchange rate is used when direct exchange rate between two currency is not available.…
Q: The Finance Club at a local university makes short-term investments in stock to study trends in…
A: Purchase Stock = $6,150 Dividends = $142.68 Selling Price = $61.50+ $135 =$196.50
Q: A family has taken out a mortgage of £350,000 to purchase a house on 1.1.2022. The mortgage is…
A: The monthly payment amount refers to the payment extended by the borrower to the lender against the…
Q: rom where does 184.17 came in step 3
A: When a loan is taken then periodic payments has to be made. In this case and situation monthly…
Q: TRYE OR FALSE 1- Insurance should be considered as a last resort in risk management ,and should…
A: Two statements have been given on the topic of risk management. We need to find they are…
Q: In January 2023 Apple shares are priced at $200 a share. You believe that they are considerably…
A: (i) Intrinsic value per share = Max ( Strike price - stock price , 0) = Max ( 210- 200 ,0) =10
Q: Question 2 Calli buys a laptop for P33, 000 and makes 12% down payment. If Calli agrees to repay the…
A: Data given: n=12 r=6.5%=0.065 Formula for APR≈2nrn+1
Q: Alpha Milk Corp is considering taking over their competitor, Dana Dairy Products, and asked your…
A: according to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…
Q: Financial information relating to Ethan Plc is as follows: Number of ordinary shares 4,000,000…
A: The percentage of total earnings that a firm must distribute to each issued share is known as…
Q: (Capital Structure and Trade off) PT. Sinar Cemerlang is an unlevered firm with a constant EBIT of…
A: Value of unlevered firm The unlevered firm is one that has only equity as a source of financing.…
Q: Manual Computation
A: The value of the investment is the sum of the downpayment and PV of deferred annuity. A deferred…
Q: What does IRR stand for? Explain what this means in practical terms and why it is useful to any…
A: Internal Rate of Return: It refers to the rate at which the investment or a project will yield a…
Q: Some time ago a swap dealer entered into a Forward Rate Agreement (FRA) that has a notional value of…
A: A forward rate agreement represents an agreement between two parties to exchange the difference…
Q: ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts…
A: Statement of cash flows Statement of cash flows includes only cash dealt transactions. It has three…
Q: Lucca is grocery shopping, and is trying to save money. He is trying to find the best deal. He finds…
A: Two questions appear on the board. In the first once, a choice has to be made between two…
Q: .) Calculate the monthly payments for each of the following fixed-rate mortgages. a) $150,000…
A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…
Q: K The WACC K. Bell Jewelers wishes to explore the effect on its cost of capital of the rate at which…
A: The Weighted Average Cost of Capital (WACC) can readily be calculated by multiplying the specific…
Q: Callie won a grand prize of $40,000. She has decided to invest it today in an account from the…
A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…
Q: A stock is currently trading at €40. An investor holds the following portfolio, long 250 shares of…
A: A portfolio of stocks and options has been provided. Greeks like delta, gamma and theta are to be…
Q: You are the party paying pounds and receiving euro and wanted to get out of a swap that you entered…
A: Forward Contract: A forward contract represents a customizable contract between 2 parties for the…
Q: A certified financial planner notes that with an unsubsidized student loan, the borrower has the…
A: Normally, interest is the revenue income on a loan amount and it is shown under the head of the…
Q: Sidewinder, Inc., has sales of $674,000, costs of $338,000, depreciation expense of $83,000,…
A: Net Income is the total of earnings acquired for a specific period less the cost of goods sold and…
Q: Nina buys a piece of lot for P30,000 down payment and 8 deferred semi-annual payments of P 5,000…
A: Annuity: A contract between you and another party known as an annuity obligates the borrower to pay…
Q: A phone company offers an Android phone for P47,000. The sales tax is 12% of the purchase price.…
A:
Q: Webber Technologies is an emerging manufacturer of 3.5 inch diagonal touch screens for mobile…
A: Market share is a rate of sales which says from the total business of the market how much sales is…
Q: Issuer Co. issued bonds on January 1, Year 1 for proceeds of $200,000. The stated rate of interest…
A: The price of interest is related to the price of borrowed funds. It is the fee that a lender…
Q: 2. Your checkbook balance was $206.42 on March 3. The check register shows your transactions since…
A: It is given that on March 3rd, the account balance was $205.42. The check register shows three…
Q: (e) In return for a loan of £500, a loan shark charges £1 per day payable when the loan is paid…
A: The APR is used to measure the interest that a borrower has to pay as an annual percentage of the…
Q: Assume that you are the financial manager for your company. What should be your number one priority…
A: A financial manager of a company is responsible for managing and monitoring the financial health of…
Q: ABC reports periodic loss of £100. This loss includes a loss on disposal of PPE of £50. Accounts…
A: Cashflow from operating activities refers to the cash which is generated from the regular business…
Q: Mr. and Mrs. Johnson wants to borrow $10,000 to renovate their kitchen. Bank ABD offered them a…
A: Loan: The loan represents the amount provided by the lender to the borrower. The borrower makes…
Q: Question 9 In January 2023 Apple shares are priced at $200 a share. You believe that they are…
A: Note:- According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3…
Q: A firm owns a drilling equipment that it is contemplating replacing. It is believed that P1,500,000…
A: A business uses capital budgeting as a tool to assess potential big projects or investments.…
Q: (c) BingBing Co has borrowed a £25 million money market loan, where the interest rate is LIBOR +300…
A: Basis risk refers to the risk that the relationship between the underlying instrument (in this case,…
Q: After finishing your degree, you decide to go on a post-graduation celebration trip to the UK. You…
A: Exchange Rate: It represents the rate at which a currency of one country will be exchanged for the…
Q: In the Black-Scholes-Merton model context; Implied volatility refers to: calculated standard…
A: Black Scholes Merton Model refers to the model which is used for pricing an option in the…
Q: Kirk is getting a raise of 5% due to inflation. His normal salary is $56,000 per year. His normal…
A:
Q: Question 1 (a) A lecturer borrows £10,000 from a bank with an effective interest rate of 3.5% annum.…
A: (a) amount paid back after 5 years = loan amount + interest on loan amount Interest on loan =…
Q: Jake, who lives in St. Louis, is trying to decide between the following car models: Brand and Model…
A:
Q: According to the dividend growth model, if a company was expected never to pay dividends, its value…
A: Under Dividend Growth model, the value of shares would be determined using the value of dividend and…
Q: A financial planning service offers a college savings program. The plan calls for you to make six…
A: The question is related to Return on Investment. The ROI is calculated with the help of following…
Q: 4. An entity took GBP 32,000 loan for 4 years. Annual interest rate - 16%. Loan is repaid in equal…
A: We need to use an annuity due formula to determine the annual periodic payment. Annuity due is a…
Q: Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio…
A: The ratio is the mathematical relationship between two variables, which is often used to make…
Q: What are the primary characteristics of an annuity? Differentiate between an “ordinary annuity” and…
A: Annuity: In the realm of finance, an annuity is a series of recurring payments. Annuities include…
Q: Assume you are given the following relationships for the Haslam Corporation: Sales/total assets…
A: Profit Margin: Profit margin refers to the profitability ratios used to gauge the ability of the…
Q: Spice, Inc. just paid a dividend of $1.80 per share. The dividends are anticipated to maintain a 4.5…
A: The expected rate of return on stock refers to the total amount of return that is being provided by…
Q: A stock is currently trading at €40. An investor holds the following portfolio, long 250 shares of…
A: An option contract indicates an agreement to buy or sell an underlying in the future at a specified…
Q: Suppose you are paying off your new fridge by monthly instalments of £25 paid in arrears over five…
A: concept. Present value of annuity. PV = PMT * 1 - (1+r)-nr where , PV = Present value of annuity.…
Q: You are a shareholder in an S corporation. The corporation earns $2.24 per share before taxes. As a…
A: Marginal tax rate: It is the rate that is paid on additional income earned per dollar. This system…
Q: The firm has contacted a bank to negotiate a loan to purchase the legal tech' software. A loan of…
A: Simple interest is one inw hich the interest earned on investment does not earn interest on it. It…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Kelly O’Brien met Jody Jansen at Sunshine Bank and suggested she consider a loan on exact interest. Recalculate the loan for Jody under this assumption. Jody Jansen went to Sunshine Bank on: 9/12/2020 She borrowed: $ 2,300.00 Her interest rate was: 0.09 Date the money borrowed is due: 1/27/2021 Previous interest was: 78.78 Required: Complete the following using the information above and exact interest: How many days is Jody Jansen borrowing this money for? Assume the loan is on exact interest. What interest will Jody owe on January 27? What is the total amount Jody must repay at maturity How much would she save in interest?Your family loaned in a lending institution which uses discount interest to cover the expenses for 2 months. Your parents grabbed the opportunity of being approved but not knowing the details of the transaction and the agreement. Since you have enough knowledge about the discount interest,here comes your role: to explain to your parents how discount interest works,and if the proceeds your family received was correct. Below are the details of the transaction. Amount loaned: php 50,000.00 Term: 1 year Discount interest rate:12% Proceeds: php 45,000.00Stefanie takes out a five year car loan and agrees to pay $500 every month. This scenario shows how money functions as a OA. store of value. B. standard of deferred payment. O c. unit of accounting. D. medium of exchange. A
- Problem: You are a mortgage broker at your local bank. Your cousin submitted an application for a mortgage with a monthly PITI of $1,319. His financial other obligations total $744.50. Your cousin earns a gross income of $5,005. (a) What is your cousin's expense ratio? (b) What is his total obligations ratio? (c) According to the Lending Ratio Guidelines in your textbook (Chapter 14, section II), for type of mortgage would Bool qualify, if any? Explain. (d) If your cousin decided to get a part-time job so he can qualify for conventional mortgage, how much additional monthly income would he need? (Set up an equation and solve it.)Refer to the previous question. Suppose you later received a letter in the mail with a $100 check in it from Daniel Delinkquint, together with a note describing how he had become a born-again Christian (much like Zacchaeus) and had determined to pay off all his debts (albeit not four-fold like Zacchaeus). Give the appropriate general journal entry(ies), if any, to reflect this payment from Daniel. Write “none” if no entry is required. Previous Question: Daniel Delinkquint owes your business $100 on account. He has moved and you have no idea how to contact him. You feel that perhaps the $100 he owes is not worth the time and effort to try to locate him. Furthermore, even if you did locate him, he probably would not pay the balance because he disputed it the last time your talked with him. An allowance has been made for this account in the past in accordance with GAAP. Give the appropriate general journal entry(ies), if any, to reflect your decision to not pursue collection from Daniel…Cynthia Roberts has a credit card account at Harry's Hardware, which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.5 percent. Ms. Roberts's previous balance is $178.85, and she had payments and credits of $74.00. If she has new purchases of $98.74, what is her new balance? O $305.39 O $206.64 O $205.16 O $156.42
- Jamie Lee wants to determine if she can afford the monthly payments for all of her purchases before she completes the applica process. Use the information below to determine her debt payment-to-income ratio. Current Financial Situation Assets: Income: Checking account $1,900 Savings account $7,400 Gross monthly salary Net income $2,850 $2,195 Emergency fund savings account $2,900 Monthly Expenses: IRA balance $430 Rent obligation $370 Car $3,000 Utilities/Electric $80 Liabilities: Utilities/Water $50 Student loan $11,000 Utilities/Cable $75 (Jamie is still a full-time student, so Food $135 no payments are required on the loan Gas/Maintenance $140 until after graduation) Credit card payment $0 Acme Home Goods (Washer/dryer $1,650 Acme Home Goods $41 and refrigerator) Local Home Furnishings (Sofa $1,750 Local Home Furnishings $46 set) Big Box Store (52" LED HDTV) $1,150 Big Box Store $29 Automobile, Education, Personal, and Installment Loans Financial Institution or Account Number…Annie's mortgage statement shows a total payment of $603.66 with $532.99 paid toward principal and interest and $70.67 paid for taxes and insurance. Taxes and insurance for three months were collected at closing. Now, after six months of payments, she is curious about the total in her escrow account. Calculate the amount for her, and explain the account. Question content area bottom Part 1 Calculate the amount for her and explain the account. (Select the best answer below.) A. Assuming no monthly, quarterly or semi-annual tax or insurance withdrawals from the account, the account should total $636.03. An escrow account is a special reserve account used to accumulate the annual property (real estate) tax payments and homeowner's insurance premiums for the homeowner. B. Assuming no monthly, quarterly or semi-annual tax or insurance withdrawals from the account, the account should total $212.01. An escrow account is a special reserve account used to accumulate the…1. Rayleene is getting a loan to buy a used car from a seller on Kijiji. The price of the car is $9200.00. She has a down payment of $500.00 and is able to negotiate an interest rate of 4.5% from her bank. Rayleene is trying to decide whether to get her loan for 3 or 4 years. a. Use an online personal loan calculator to fill in the following table to help her decide: Amount of Principal Interest Rate Length of Loan 3 year loan 4 year loan Monthly Payment Total Payments (Monthly Payment x # of months) Total Cost of the Loan (Total Payments – Principal) b. Should Rayleene take her car loan out for 3 or 4 years? Why?
- Mrs. Shimizu borrowed money from a bank. She received from the bank P1,342 and promised torepay P1,500 at the end of 10 months. Determine (a) simple interest rate (b) discount offered asBanker’s discount. Show your complete solution.3. Trudy takes out an easy access loan for $500. It cost her $10 for every $100 and a one-time fee of $150. How much did it cost Trudy to get the loan for $500? A $250 B $300 C $200 Not Here2. Ms. Fatima sold to Ms. Ruqaiya OMR 60,000 worth of goods on the 15th of April 2022 by accepting a 150 days, 6% interest bearing note. Both Ms. Fatima & Ms. Ruqaiya need your help in understanding how and in what way the notes receivable and the payables should be treated. Provide them with the required help by showing how the transactions would be treated in the books of both parties in the following situations: a) When the notes are accepted. b) On the maturity date, the note is honored. c) Suppose Ms. Fathima prepared final accounts on the 25th of July 2022 d) Following the above situation, the bill is met on maturity. e) The note was dishonored on the maturity date by Ms. Ruqaiya.