Marcos purchases a top-up card for his pre-paid cell phone. His remaining balance, B, can be modeled by the equation B = 45 – 0.35n, where n is the number of minutes he's talked since purchasing the card. a) How much money was on the card when he purchased it? $ Which intercept is this? Select an answer ♥ b) How many minutes will he have talked when he runs out of money? minutes. Which intercept is this? Select an answer c) What is the slope of this equation? What are the units on the slope? Select an answer
Q: Ordinary Annuity (Please don’t use excel) How much monthly deposit must be made for 7 years and 3…
A: We need to use future value of ordinary annuity formula to calculate monthly deposit. PMT…
Q: advantage of offshore trust in terms of taxation?
A: High-net-worth (HNW) clients generally see offshore trust corporations as the pinnacle of competent…
Q: A certain end of year cash flows are expected to be P 7,000.00 at the end of the 3rd year, P…
A: Cashflows in year 3 (CF3) = P 7000 CF4 = P 9000 CF5 = P 11000 CF6 = P 13000 r = 15%
Q: As an experienced analyst, write a list of suggested steps and questions that could be given as…
A: Financial analysts analyse financial data and use their findings to assist businesses in making…
Q: What does the usage of technical analysis mean for the theory of market efficiency?
A: Market efficiency:- Market is said to be ‘efficient’ only if the price of every security in the…
Q: Advise the Sampsons on the maturity to select when investing their savings in a CD for a down…
A: A down payment is the amount paid by the purchaser in the early stages of purchasing an expensive…
Q: Explain the effect of Changes in domestic and foreign Interest Rates on the equilibrium exchange…
A: The foreign exchange market brings together firms, households, and investors who demand and supply…
Q: I want 800000 for retirement in 25 years. How much would she need to deposit into the account each…
A: Future value (FV) = 800,000 Period = 25 Years Number of monthly deposits (n) = 25*12 = 300 Interest…
Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…
Q: A contract has been signed to lease a building at P50, 000 per year with an annual increase of P1,…
A: First year lease (L1) = P 50000 L2 = P 51000 L3 = P 52000 L4 = P 53000 L5 = P 54000 r = 7%
Q: 80,000 new common shares are issued, the market price of which is $500 per share. These shares will…
A: Cost of Equity: It refers to the return or rate that is required by an investor on his investment.…
Q: A credit card company determines a card holder's minimum monthly payment by adding all new interest…
A: Total outstanding principal = $592+$429+$120+$104Total outstanding principal = $1245 Total days till…
Q: How to avoid rogue trading? What are the consequences of rougue trading?
A: A rogue trader is a trader who acts recklessly and without regard for others, usually to the…
Q: Market prices and credit spreads change much faster than credit ratings. Select one: True False
A: Credit ratings refer to quantified indicators of the credibility of borrowers. Higher the rating,…
Q: A man invests in a project that requires a fixed capital of P 2.5 M with no salvage, and life of 12…
A: Fixed Capital is of P2.5 million Life of project is 12 years Estmated maintenance cost is of…
Q: Philip wants to have P10,200 for his traveling expenses four years from now. How much munt he save…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: try-level engineer at Boeing Aerospace in California. He took a financial risk and bought a bond…
A: Rate of return is profit earned annually on investment as percentage of the investment and it is…
Q: bond call price
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A A zero Coupon IS a bond that is Sold now at a discount and will pay its Cace value at Some time in…
A: Bond is the debt security that investors uses to reduce the risk and increase stable return from…
Q: A bond has a face value of $3500 and matures in 10 years. The interest rate is 7% payable semi-…
A: Face value = $3500 Coupon rate = 7% Semi annual coupon amount = 3500*0.07/2 = $122.50 Yield rate =…
Q: Ms. MoneyPenny has the following investments: Required Return 13% Portfolio Weight Beta 1.80 Stock…
A: a) Required rate of return of portfolio is : Return=Wa×Returna+Wb×Returnb+Wc×Returnc Here, W=…
Q: XYZ plans to construct an additional building at the end of 10 years fo an estimated cost of…
A: Here we will use the concept of time value of money. As per the concept of time value of money it is…
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery…
A: Cash flows Cash flows include only cash dealt items. In general, while calculating net earnings,…
Q: A 180-day simple interest note was signed on March 15, 20xx with a face value of 65,000 at 8.25% per…
A: Here, Face value = 65,000 Interest rate = 8.25% Discount rate = 11% Time to maturity = 180 days To…
Q: What is the relationship between return on capital investment and the risk associated with the…
A: Return on invested capital is referred as an amount of the funds of the corporation, which helps in…
Q: A stock currently trades at price of $ 65 for 2-year European option with a strike price of $60. The…
A:
Q: Consider the two mutually exclusive investment projects given in the table below for which MARR =…
A: Project A's initial cost is less than Project B's initial cost. As a result, consider A to be the…
Q: Deferred Annuity (please don’t use excel) 1. Find the present value of a deferred annuity of P1,250…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES
A: Operating Income: It is a measure of profitability and shows the capability of the firm for…
Q: For each cost function (given in dollars), find the cost, average cost, and marginal cost at a…
A: a) when q=1000…
Q: Discuss the theories to auditor independence
A: An auditor is someone who verifies the accuracy of a recorded transaction. The auditor must ensure…
Q: Two years ago Agro Inc., purchased an ACE generator that cost $300,000. Agro had to pay an…
A: After tax proceeds from the sales of the assets will be the amount recovered from selling the…
Q: Jean and Dan both work. Each earns a salary of $51,000, but only Jean is a member of a registered…
A: Given That: Jean and Dan Salary=$51000 Jean's Contribution to pension= 2% Dean's unused…
Q: Karsted Air Services is now in the final year of a project. The equipment originally cost $23…
A: Since equipment has been 100% depreciated;Book value as on date of sale = 0 Hence gain on sale =…
Q: Discuss the determinants of the choice of Sukuk structure. Please give some more points with good…
A: Sukuk' are Shari'ah-compliant financial instruments that serve as the Islamic counterpart of bonds…
Q: Suppose a bond fund has an initial portfolio value of $100 million. The following table provides the…
A: Doller weighted return Doller weighted rate of return is a measure to identify the performance of an…
Q: Calculate the value of the stock when the next year earnings, E1 = 8.7, earnings growth multiplier,…
A: We need to use constant growth model to calculate value of stock P0 =D1/(rs-g) where P0 =value of…
Q: Ms Amanda du Toit wishes to purchase the lounge suite. A furniture store offers her R1225 in hire…
A: VAT is a sales tax applicable on the sale and purchase of goods and services. It is collected by the…
Q: Define the following: Bond: Par Value: Maturity:
A: Given , To define the following terms:- Bond, Par value and Maturity.
Q: Homework3: A company produces organic products (Fertilizes) and needs to construct a building to…
A: The process of evaluating a potential project or investment is known as capital budgeting. Capital…
Q: 4. Your friend wants to sell his shawarma business in mall of Dhahran. The rent of shop, machine,…
A: Solution : For Calculation of Minimum Price we should adding the total expenses which was incurred…
Q: Triangular Chemicals has total assets of $99 million, a return on equity of 41 percent, a net…
A: The firm sales can be calculated with the help of ROE equation
Q: In relation to financial management, what have you learned so far?
A: Financial management is the practice of handling a company's finances in such a way it can be…
Q: The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K):…
A: Inter-segment sales arises when revenue are generated due to transfer of goods from one segment of…
Q: Iceland Corporation Limited is considering investing in one of two machines – A or B. The initial…
A: ARR is the accounting rate of return calculated by dividing average accounting profit by initial…
Q: Project L requires an initial outlay at t = 0 of $66,000, its expected cash inflows are $13,000 per…
A: Payback period is the amount of time required to recover initial investment. Payback period =Initial…
Q: Covariance and Correlation The following table shows the expected returns from six different stocks…
A: Note: all the reuired calculations mentioned in the question is solved. Covariance, Expected Return…
Q: A man who won P300,000.00 in a lottery decided t place 50% of winning in a trust fund for the…
A: The effective interest is the interest rate after considering the impact of compounding on interest…
Q: Ordinary Annuity: 1. Tim deposits P750 every end of 3 months in an account paying 5% interest…
A: Here we will use the concept of time value of money. As per the concept of time value of money it is…
Q: (A/F,15% monthly,3years) has a value equals to
A: (A/F,15% monthly, 3years) denotes sinking fund deposit factor i = 15% per annum = 1.25% per month n…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Flip opened a credit card account. During the first month he purchased new cloths that totaled $1,505.57 and then put the card in a desk drawer and didn’t use it again. The structure of the minimum monthly payment is the interest charge plus an additional 1.9% of the remaining balance. If Flip only makes the minimum monthly payment, how long will it take for the remaining balance to be half the amount of Flip's original purchases?Suppose that before ATMs and credit cards, a person goes to the bank once at the beginning of each four-day period and withdraws from her savings account all the money she needs for four days. Assume that she spends $100 per day. Calculate the amount of money this person withdraws each time she goes to the bank.Flower opened a credit card account. During the first month she purchased new cloths that totaled $1,550.00 and then put the card in a desk drawer and didn’t use it again. The structure of the minimum monthly payment is the interest charge plus an additional 3.0% of the remaining balance. If Flow only makes the minimum monthly payment, how long will it take for the remaining balance to be half the amount of her original purchases?
- S. Waweru starts business on 1st July 2020, when he deposits Shs. 18,000 into his business bank account and Shs. 2,500 in his cash account. During the month of July, he undertakes the following transactions:- 2020 July 3 He purchases shop fittings for sh. 2,500 and pays by cheque. July 4 He buys a motor vehicle from AB & Co. on credit Sh. 3,000. July 6 He buys stock for Sh. 1,500 and pays through bank. July 8 He sells goods for cash Sh.1,000. July 10 Buys goods on credit from XY & Co. for Sh. 1,200 July 12 Sells goods to A. Smith for Sh. 900 on credit July 13 Pays wages Sh. 120 by cash July 14 A. Smith returns goods worth Sh. 200 July 15 Pays to AB & Co. Sh. 3,000 by cheque July 17 Goods returned to XY & Co. amounting to Sh. 350 July 21 Receives from A. Smith a cheque for Sh. 700 July 25 Sells goods for cash Sh. 300. July 30…S. Waweru starts business on 1st July 2020, when he deposits Shs. 18,000 into his business bank account and Shs. 2,500 in his cash account. During the month of July, he undertakes the following transactions:- 2020 July 3 He purchases shop fittings for sh. 2,500 and pays by cheque. July 4 He buys a motor vehicle from AB & Co. on credit Sh. 3,000. July 6 He buys stock for Sh. 1,500 and pays through bank. July 8 He sells goods for cash Sh.1,000. July 10 Buys goods on credit from XY & Co. for Sh. 1,200 July 12 Sells goods to A. Smith for Sh. 900 on credit July 13 Pays wages Sh. 120 by cash July 14 A. Smith returns goods worth Sh. 200 July 15 Pays to AB & Co. Sh. 3,000 by cheque July 17 Goods returned to XY & Co. amounting to Sh. 350 July 21 Receives from A. Smith a cheque for Sh. 700 July 25 Sells goods for cash Sh. 300. July 30…Marcy bought a new pair of designer shoes and a matching purse. She paid using a method that would immediately deduct the amount she spent from her bank account. How did she pay? A Debit Card B Check C Cash D Credit Card
- Hugo Garcia is preparing his balance sheet and income and expense statement for the year ending December 31, 2020. He is having difficulty classifying a few items and asks for your help. Which of the transactions are assets, liabilities, income, or expense items? a. Hugo rents a house for $1,350 a month. b. Hugo bought diamond earrings for his wife and charged them using his Visa card. The earrings cost $900, but he hasn’t yet received the bill. c. Hugo borrowed $3,500 from his parents last fall, but so far, he has made no payments to them. d. Hugo makes monthly payments of $225 on an installment loan; about half of it is interest, and the balance is repayment of principal. He has 20 payments left, totaling $4,500. e. Hugo paid $3,800 in taxes during the year and is due a tax refund of $650, which he hasn’t yet received. f. Hugo invested $2,300 in a mutual fund. g. Hugo’s Aunt Lydia gave him a birthday gift of $300.d) QBank makes a personal loan of £10,000 to Mr A, and credits his current account with the amount of the loan. Describe the initial impact on QBank’s balance sheet, the money supply, and the net worth of both QBank and Mr A. e) Mr A then withdraws £10,000 in cash with which he pays Ms B for building work. She immediately deposits it in her current account with another bank, RBank. What is the impact on QBank’s balance sheet, and on the aggregate money supply? f) Financial media report that QBank has made “significant” capital losses on some of its financial investments, as well as suffering high default rates on its loans to households. Discuss the possible consequences, using the information in your earlier answers.Anthony Clement is applying for a car loan. The lending institution requires a personal net worth statement. Anthony currently has $1,085.00 in cash, and his camera is worth $635.00. He also owes Vista Travel $305.00 and Kelley Electronics $83.00. Complete a net worth statement for Anthony Clement. Select Current Date in the appropriate field. Assets should be listed in order of liquidity, so Cash should be listed first. Liabilities should be reported in alphabetic order.
- Andrew has purchased a new car. He wishes to set aside enough money in a bank account to pay the maintenance for the first 5 years. It has been estimated that the maintenance cost of a car is given in the table.Assume the maintenance costs occur at the end of each year and that the bank pays 5% interest. How much should Andrew deposit in the bank now?On the 3rd of January, you have Php50,000 in the bank. The day after, your friend asked you to loan them Php10,000 and you bought a laptop worth Php30,000 in the afternoon for yourself because you deserve it. Afterward, on the 2nd of February, your friend paid half of their loan to you and you used that cash to buy some groceries. What are the journal entries up to that point and what does the journal look like as well? For the journal entries, specify the dates, the accounts, and the debit and credit inputs. As for the ledger entries, use the 'T' presentation method presented during your lectures.Tre owns his own business selling drums. Tre prefers to sell the drum kits for cash, but occasionally will sell on credit to people he trusts. On January 1, 2020, Tre has Accounts Receivable of $20,000. During the year, he sold a total of $120,000 worth of drums and collected $90,000 in total cash. What are Tre’s Accounts Receivable on December 31, 2020? Group of answer choices $0 $20,000 $50,000 No way to figure this out