Answer:
I can borrow $24,000
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
The amount of loan can be calculated as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Amount of Loan = $632 x [ ( 1- ( 1 + 1% )^-48 ) / 1% ]
Amount of Loan = $632 x [ ( 1- ( 1.01 )^-48 ) / 0.01 ]
Amount of Loan = $24,000
r = 7.17%
Interest rate is 7.17%
Answer: See explanation
Explanation:
a. Determine the net income for July using the cash basis of accounting.
Revenue = $3800 + $1100 + $5100 = $10000
Less: Expense = $1200
Net Income = $10000 - $1200 = $8800
b. Determine the net income for July using the accrual basis of accounting.
Revenue = $8600 + $3800 = $12400
Less: Expense = $1300
Net income = $12400 - $1300 = $11100
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The new California law covers more than just bartenders and servers. This new law will have an impact on the entire alcohol industry. requiring nearly everyone to participate in a Responsible Beverage Training course (RBS). Depending on your location, the Study Material and final exam will take between 2 and 6 hours. The exam is 90 minutes long and must be completed in one sitting.
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The rule of 70 states that the doubling time or the time
required to double an investment is equivalent to 70 divided by the interest
rate. So in this case the interest rate is 7%, so the doubling period is:
doubling period = 70 / 7 = 10 years
Therefore the investment doubles every 10 years. So:
0 year = $100
10 year = $200
20 year = $400
30 year = $800
40 year = $1600
50 year = $3200
Answer:
<span>$3200</span>
Answer:
1. Global depository receipts
2. External commercial borrowing
3. American depository receipts
4. Foreign currency convertible bonds
Explanation:
1. Global depository receipts. When a company buys shares of a foreign company, a certificate will be issued by the local depository bank, which allows for security supported by the shares purchased.
Here, Gracious ltd could raise funds by buying of shares in a company in India hence gives the company an avenue to hold shares in foreign country.
2. External commercial borrowing. These are loans granted to viable companies outside of India who are venturing into commercial businesses. Before theses loans are given, there is what is called eligibility status; which must be reviewed and thus confirm with the reserved bank of India before such loans are given.
3. American depository receipts. These are negotiable capital market instruments, issued by a bank in the United States, which shows the number of shares held by a foreign company, trading in the US capital market. A company could use this as a way of raising funds in the India capital market because it is well backed by the bank in the country where the company is.
4. Foreign currency convertible bonds. Here, a bond is issued in a different currency distinct from the issuer's local currency. What this means is that the money being sought for by the issuing company comes in a foreign currency denomination.
