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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?A company is due to receive a payment of £500,000 from a customer in 6 months’ time. To smooth its cashflows, the company would prefer to receive the payment immediately, and has agreed to transfer its entitlement to this payment to a third party (a discount house) in return for an immediate payment calculated using a rate of commercial discount of 16% per annum.How much will the immediate payment made by the discount house be?Assume that a company has an EBIT of $1,000,000, $150,000 in capital gains, and $12,000 in capital losses. Moreover, it receives $80,000 in interest income $20,000 in dividend income as well as $250,000 in interest expense. If the tax rate is 25%, what is the corporation’s taxable income?
- Calculate approximately to 3 decimal places the composite price index for all three stock between 2008and 2011.As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) MonthlyPI AnnualPropertyTax AnnualInsurance MonthlyPITI $290,000 9.50% 25 $ $6,513 $2,186 $A real estate agent agrees to sell a large apartment complex according to the following commission schedule: $45,000 plus 25% of the selling price in excess of $900,000. Assuming that the complex will sell at some price between $900,000 and $1,100,000, inclusive, over what range does theagent’s commission vary? How does the commission vary as a percent of selling price?
- Suppose that on January 1 you have a balance of $4700 on a credit card whose APR is 18%, which you want to pay off in 4 years. Assume that you have no additional charges after Jan 1st. a. The monthly payment is? b. The total paid since Jan 1 is c. percentage of total paid that is interest is?Calculate the yield on $1000 Treasury bond with a coupon rate of 6% that has a market value of $860.What is the amount of budgeted cash payments if purchases are budgeted for $464,040 and the beginning and ending balances of accounts payable are $98,020 and $98,147, respectively? Round to the nearest whole dollar, no decimal places.
- A company needs to buy an annuity package that will provide a future income to an individual over a 42-year period at the following levels: £3452 paid at the beginning of each year for the first 10 years followed by £3384 paid at the beginning of each year up until year 42 (inclusive). Calculate in £s, to 2 decimal places, the price of this investment in order to assure the required payments, given that the rate of interest during this period is: 4.4% pa effective for the first 20 years and then 8.7% pa effective thereafter ( correct answer = 61939.72, using formulas no tables)Suppose that on January 1 you have a balance of $3500 on a credit card whose APR is 18%, which you want to pay off in 3 years. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment (part b) is interest?c) What will be the estimated Canada Child Benefit be (in dollars) for a married couple with 3 children under the age of 6 if the net annual family income is $82,400?