Answer:
c. $31,888
Explanation:
The formula for calculating the present value is as below
Pv = FV x { 1/ (1+ r)^n }
Pv = $40,000 x { 1/ (1 +0.12)^2
Pv =$40,000 x (1/1.2544)
Pv =$40,000 x 0.7971938
Pv =$31,887.50
Answer:
$50
Explanation:
The computation of the stock price level is shown below:
Maintenance margin = Number of shares purchased × price - loan amount ÷ Number of shares purchased × price
30% = 100 shares × price - $3,500 ÷ 100 shares × price
30% × 100 shares × price = 100 shares × price - $3,500
30 × price = 100 shares × price - $3,500
After solving this, the price would be $50
And, the loan amount equal to
= Number of shares purchased × per share price × initial margin
= 100 shares × $70 × 50%
= $3,500
Answer:
the cash balance at the end of the period is $3,551
Explanation:
The computation of the cash balance at the end of the period is shown below:
= Cash Balance at beginning of the period + received from receivables - paid to suppliers- cash expenses
= $4,716 + $1,517 - $2,182 - $500
= $3,551
Hence, the cash balance at the end of the period is $3,551
The above formula should be used for the same
The main reason why a person would set up this business as a benefit corporation is to help school children.
<h3>What is a Business?</h3>
This refers to the buying and selling of goods or services with the main aim of making a profit.
Hence, we can see that based on the given scenario, there is the business of selling mittens and hats and also giving out a number for free to students, and the main reason why a person would set up this business as a benefit corporation is to help school children.
Read more about benefit corporations here:
brainly.com/question/13648699
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The basis of competition is freedom of choice exercised in the pursuit of money.
<h3>What is competition?</h3>
Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
Learn more about economic competition here : brainly.com/question/967467