British company Grand Metropolitan was an example of foreign direct investment when it acquired US-based Pillsbury to expand its existing consumer goods product line and market.
It was not a limited liability partnership, an international corporation, an international cooperative, or a cooperative cartel.
When British company Grand Metropolitan acquired US-based Pillsbury to expand its existing consumer goods product line and market, it was an example of one of the following: international group. This is because the British company has expanded its business and product offering through the acquisition of a foreign company, Pillsbury Co., which operates in another country (the United States).
To know more about direct foreign investment. visit:
https://brainly.com/question/27540611
#SPJ11
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.
Answer:
i need this too
Explanation:
Click this link to view O'NET's Work Activities section for Construction Managers. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are
common work activities performed by Construction Managers? Check all that apply.
using muscles to lift, push, pull, or carry objects
communicating with supervisors, peers, or subordinates
using speed of limb movement to move arms and legs
scheduling work and activities
exerting oneself physically over long periods of time
making decisions and solving problems
Answer:
B,D,F
Explanation:
Answer:
ok bdf is correct
Explanation:
what will I need to start a clothing shop
Answer:
Explanation:
But meanwhile his you are going to start a new clothing business you will not have much finance ( money ) but first u have to advertise to the customers . get the customers attraction and there satisfaction , because then one customer will spread the whole news about your clothing shop to almost all the customers. which will be beneficial for you .
You will have to advertise on the tv , radio , bill boards , newspapers , many other marketing equipments plus u must advertise your business in a way that the customers will be willing to purchase your clothes from your clothing shop.
Then eventually you will gain more profits and will lead to profits so after sometime you can create a a online shopping like a website , because some and many customers will be willing to purchase your clothes through the online platform. which saves the customers time and transportation costs and etc.
By the way the main element is customers because without customers there will be no lead / success to your clothing shop.
Hope this answer helps you :)
Have a great day.
Mark brainliest :)
help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the nearest percent?
A. 53%
B. 68%
C. 82%
D. 25%
Answer:
C. 68
Explanation:
what is the evidence for synergy and what were the reasons for failure in the two examples: quaker oats and snapple, and sony pictures entertainment?
Evidence for synergy refers to the positive outcomes achieved when the combined efforts revenue
of two entities result in greater value or performance than the sum of their individual parts. In the case of Quaker Oats and Snapple, the failure of synergy can be attributed to several reasons. Quaker Oats, a well-established food and beverage company, acquired Snapple, a popular beverage brand. However, Quaker Oats struggled to integrate Snapple's distribution system and understand its consumer preferences, leading to declining sales and a loss of market share. Similarly, Sony Pictures Entertainment faced challenges in merging its movie studio operations with Columbia Pictures, resulting in cultural clashes, leadership issues, and financial losses. In both cases, the failure of synergy can be attributed to inadequate integration strategies, poor understanding of the acquired brands, and mismatched organizational cultures.
learn more about revenue here ;
https://brainly.com/question/14952769
#SPJ11
when identifying a target market, businesses often create a record of information such as age, income level, ethnic background, occupation, and attitudes, this is known as a(1 point)
When identifying a target market, businesses often gather a record of information about their potential customers. This information can include a variety of factors such as age, income level, ethnic background, occupation, and attitudes. The process of gathering and analyzing this information is known as market segmentation.
Market segmentation is the process of dividing a larger market into smaller groups of consumers with similar needs or characteristics. This allows businesses to tailor their marketing efforts and product offerings to the specific needs and preferences of each target market. By understanding their target market, businesses can more effectively reach and engage with their customers, leading to increased sales and profitability.
The record of information that businesses create when identifying a target market is commonly referred to as a buyer profile or demographic profile. This profile provides businesses with a detailed understanding of their target market, including information about their age, income level, ethnic background, occupation, and attitudes. This information can be used to develop marketing strategies that are specifically tailored to the needs and preferences of each target market.
To know more about market segmentation refer to-
brainly.com/question/27993208#
#SPJ11
Mohammad has just bought a new oven explain the opportunity cost to Mohammad
The opportunity cost of the Oven that Mohammed has just gotten are the other items that he could have spent this money on that he did not buy.
In economics, opportunity cost is also known as the foregone alternative. It is the loss of other alternatives due to the fact that one had to pick a different alternative.
Lets assume that Mohammad had only $100 but needed this new oven, a new shirt and a pair of sneakers and this amount can only get him one of these items.
Since Mohammad has gone ahead to buy the oven instead of the sneakers or shirt, the opportunity cost of getting the oven is the shirt and the sneakers that he did not buy.
This is because he would lose the benefits that he would have gained from using the items he did not buy.
Read more on https://brainly.com/question/21678384?referrer=searchResults
Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
Hope this helps!! :)
Please let me know if you have any questions
Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term
The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.
What is time-based goal?
Time-based goal can be described as the goal that is been focused so that it can be achieved on a target date, it involve focusing on a particular thing at a time so as to be successful in it.
In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.
Therefore, option B is correct.
Read more about goal at:
https://brainly.com/question/1512442
#SPJ1
If you discover a data breach you should immediately notify the proper authority and also:.
If the data breach poses an excessive hazard then we have to notify the proper authority and also to the ones people affected then they ought to be informed.
What is a Data breach?A data breach refers to a safety violation, wherein sensitive, covered or exclusive records is copied, transmitted, viewed, stolen, or utilized by a person unauthorized to do so. Other phrases are accidental facts disclosure, records leak, facts leakage, and records spill.
therefore, If the data breach poses an excessive hazard then we have to notify the proper authority and also to the ones people affected then they ought to be informed.
Learn more about Data Breach here:
https://brainly.com/question/13696307
#SPJ1
Juanita and Gilberto need to decide which one of them will take time off from work to complete the rather urgent task of digging postholes for their new fence. Juanita is pretty good with a post auger; she can dig the holes in 30 minutes. Gilberto is somewhat slow; it takes him 3 hours to dig the holes. Juanita earns $120 per hour as a psychiatrist, while Gilberto earns $25 per hour as a cobbler. Keeping in mind that either Juanita or Gilberto must take time off from work to dig the holes, who has the lower opportunity cost of completing the task?
Answer: Juanita
Explanation:
Given the following :
Time required for Juanita to complete task = 30 minutes
Time required for Gilberto to complete task = 3 hours
Juanita's earning per hour = $120
Gilberto's earning per hour = $25
Juanita's opportunity cost = $120 × 30 minutes
= $120 × 0.5 = $60
Gilberto's opportunity cost = $25 × 3 hours
= $25 × 3 = $75
Therefore, Juanita has the lower opportunity cost of completing the task.
Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
See similar solution here
brainly.com/question/22419052
Answer:$400
Explanation:
Catalina opens a fashion boutique with the money she inherited from her parents. She is successful in creating a strong brand image and a loyal customer base. In order to meet the increasing demands of her business, she hires a store manager. However, she finds it hard to let the manager make important decisions about the store. She often finds herself disagreeing with the manager's decisions, and in the process, she loses a lot of existing customers. Which of the following causes of small-business failure does this scenario best illustrate?
As Catalina often finds it hard to let the manager make important decisions about the store and finds herself disagreeing with the manager's decisions, and in the process, then, the causes of small-business failure that this scenario best illustrate is known as inability to cope with growth.
What is meant by small business?In a business organization, the term "small business" are often used to describe those privately owned corporation, partnership or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.
In an economy, the type of businesses are vital for the syste, because they provide opportunities for entrepreneurs and create meaningful jobs with higher job satisfaction than positions with larger, traditional companies.
Read more about small business
brainly.com/question/1265559
#SPJ1
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
Apple is constantly striving to introduce new products into the marketplace. At the initial stage, Apple design teams are separated from the rest of the organization and housed in a separate facility to enhance the ability to develop new concepts. This approach has proven to enhance the ability to come up with new concepts in the _____ stage of the new-product development process.
Answer:
Idea generation.
Explanation:
The new product development process is a process of taking a product to the market. It is a part of product design. The process continues till the life cycle of product is over.
There are several stages of the new product development.
The stage in which the Apple company is, in the given scenario, is idea generation.
Idea generation is the first stage of the new product development. In this stage, the company seeks for ideas for creating or developing new products.
Therefore, idea generation is the correct answer.
What is the advantage of buying the house over renting the apartment? a. Sasha’s monthly expenses would be less if she bought than rented. b. The extra expenses in the mortgage payment cover all maintenance and repairs. c. Sasha’s down payment will likely be less if she decided to buy. d. Sasha will eventually own the home once the mortgage is paid off.
The advantage of buying the house over renting the apartment is that Sasha will eventually own the home once the mortgage is paid off. The correct option is D.
While it is true that buying a house can lead to higher monthly expenses in the form of a mortgage payment, it also offers the advantage of building equity over time.
As Sasha continues to make mortgage payments and build equity in the property, she will eventually own the home outright once the mortgage is paid off. In contrast, when renting an apartment, the renter does not build any equity.
Thus, the ideal selection is option D.
Learn more about mortgage here:
https://brainly.com/question/31096783
#SPJ4
explain aims of accelerated growth initiative for South Africa
Why is creating an entrepreneurial team a good idea?
which of the following is an advantage of print magazine advertising? which of the following is an advantage of print magazine advertising? it is fleeting. it offers no selectivity. it offers a short ad purchase lead time. it offers pass-along readership. (none of these choices)
The main advantage of print magazine advertising is that it offers pass-along readership.
Print magazines provide a unique opportunity for advertisers, as they offer pass-along readership, which means that one magazine copy can be read by multiple people. This increases the reach of the advertisement, making it more cost-effective. Additionally, print magazines often have a specific target audience, allowing advertisers to reach their desired demographic more accurately. Print magazine ads also tend to have a longer shelf life compared to digital ads, as readers may hold onto magazines for extended periods, giving the ad more exposure. In summary, print magazine advertising can be advantageous due to its pass-along readership and targeted audience reach, ultimately benefiting the advertiser.
know more about it offers pass-along readership, here:
https://brainly.com/question/16824337
#SPJ11
Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Answer: It is B. AlA
Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.
explain how the geography and environment shaped the economic activity of two different colonial regions o cite one piece of evidence from two different graphs to support your claims.
Geography and environment shaped the economic activity of colonial regions through factors such as natural resources and climate.
The geography and environment of colonial regions played a significant role in shaping their economic activities. For example, the New England colonies had a rocky terrain, cold climate, and abundant forests, which encouraged activities such as shipbuilding, fishing, and lumber production. These industries were supported by the region's access to the Atlantic Ocean and its rich fishing grounds. One piece of evidence from a graph depicting colonial exports could show a significant portion of New England's exports being fish, lumber, or naval supplies.
In contrast, the Southern colonies had a favorable climate for agriculture, with fertile soil and a longer growing season. This led to the development of large plantations for cash crops like tobacco, rice, and indigo. A graph showcasing colonial agricultural production might highlight the dominance of these crops in the Southern colonies.
These examples illustrate how the geographic and environmental characteristics of colonial regions influenced their economic activities, as evidenced by the specific industries and products that thrived in each area.
To learn more about “natural resources” refer to the https://brainly.com/question/13354731
#SPJ11
A decrease in interest rates caused by a change in the price level would cause a(n):_________
A decrease in interest rates caused by a change in the price level would cause a(n) increase in the overall level of borrowing and investment in the economy.
When the price level decreases, it leads to a decrease in the general level of inflation. This decrease in inflation may prompt central banks or monetary authorities to lower interest rates to stimulate borrowing and investment.
Lower interest rates make borrowing cheaper, as it reduces the cost of borrowing for individuals, businesses, and governments. This, in turn, encourages increased borrowing for various purposes such as business expansion, investment in new projects, or purchases of goods and services. Lower interest rates can also incentivize consumers to borrow and spend, as it reduces the cost of financing purchases.
As borrowing and investment increase, it can stimulate economic activity, leading to increased production, job creation, and overall economic growth. The decrease in interest rates caused by a change in the price level is a monetary policy tool used to influence the overall level of economic activity and inflation.
It is important to note that the relationship between interest rates, price levels, and economic outcomes can be complex and influenced by various factors, including market conditions, government policies, and overall economic conditions.
learn more about interest rates here
https://brainly.com/question/28236069
#SPJ11
answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
3. Many jobs in the Personal Services pathway—such as hairdresser, personal trainer, massage therapist or barber—involve caring for people’s physical needs. List two important qualities that might be needed for success in these kinds of careers and explain how each of the qualities you mentioned are important to finding success in this field.
Answer:
Confidece, and empathy.
Explanation:
Confidence to know you will do great at your job, and empathy to know how others feel about themselves!
Hope this helps! Brainliest plz!
1.research all entry level of position of hotel
2.job description
3.job title
4.job summary
5.job responsibility
please help me
please help due date na nito bukas
1. Entry-level positions in a hotel may include:
- Front Desk Agent/Clerk
- Housekeeper
- Bellhop/Porter
- Valet Attendant
- Waitstaff/Server
- Dishwasher/Kitchen Helper
- Laundry Attendant
- Room Attendant
What are the responses to other questions?2. Job descriptions for each of these positions may vary depending on the hotel's needs, but here are some general requirements for each:
- Front Desk Agent/Clerk: As the first point of contact for guests, front desk agents/clerks are responsible for checking guests in and out, answering phone calls and emails, and providing information about the hotel and local area.
- Housekeeper: Housekeepers are responsible for cleaning and maintaining guest rooms and common areas, ensuring they meet the hotel's standards of cleanliness and comfort.
- Bellhop/Porter: Bellhops/porters assist guests with their luggage, show them to their rooms, and generally provide a welcoming and helpful presence.
- Valet Attendant: Valet attendants park and retrieve guests' vehicles, and may also provide transportation or other services as needed.
- Waitstaff/Server: Waitstaff/servers work in the hotel's restaurants or banquet facilities, taking orders, serving food and drinks, and providing excellent customer service.
- Dishwasher/Kitchen Helper: Dishwashers/kitchen helpers work in the hotel's kitchens, cleaning dishes and equipment, assisting chefs and cooks, and performing other duties as needed.
- Laundry Attendant: Laundry attendants are responsible for washing, drying, and folding linens and other hotel laundry items.
- Room Attendant: Room attendants clean and prepare guest rooms for new arrivals, restocking supplies and ensuring everything is in order for a comfortable stay.
3. Job titles for each of these positions may include:
- Front Desk Agent/Clerk
- Housekeeper
- Bellhop/Porter
- Valet Attendant
- Waitstaff/Server
- Dishwasher/Kitchen Helper
- Laundry Attendant
- Room Attendant
4. Job summaries for each position may be as follows:
- Front Desk Agent/Clerk: The front desk agent/clerk is responsible for greeting guests, checking them in and out, and providing excellent customer service.
- Housekeeper: The housekeeper is responsible for cleaning and maintaining guest rooms and common areas, ensuring they meet the hotel's standards of cleanliness and comfort.
- Bellhop/Porter: The bellhop/porter assists guests with their luggage, provides information about the hotel and local area, and ensures guests have a comfortable and enjoyable stay.
- Valet Attendant: The valet attendant parks and retrieves guests' vehicles, maintains cleanliness and order in the valet area, and provides excellent customer service.
- Waitstaff/Server: The waitstaff/server takes orders, serves food and drinks, and ensures guests have a pleasant dining experience.
- Dishwasher/Kitchen Helper: The dishwasher/kitchen helper cleans dishes and equipment, assists chefs and cooks, and performs other duties as needed to keep the kitchen running smoothly.
- Laundry Attendant: The laundry attendant washes, dries, and folds hotel laundry items.
- Room Attendant: The room attendant cleans and prepares guest rooms for new arrivals, ensuring they are clean, comfortable, and meet the hotel's standards.
5. Job responsibilities for each position may include:
- Front Desk Agent/Clerk: Checking guests in and out, answering phone calls and emails, providing information about the hotel and local area, and providing excellent customer service.
- Housekeeper: Cleaning and maintaining guest rooms and common areas, ensuring they meet the hotel's standards of cleanliness and comfort.
- Bellhop/Porter: Assisting guests with their luggage, providing information about the hotel and local area, ensuring guests have a comfortable and enjoyable stay.
- Valet Attendant: Parking and retrieving guests' vehicles, maintaining cleanliness and order in the valet area, providing excellent customer service.
- Waitstaff/Server: Taking orders, serving food and drinks, ensuring guests have a pleasant dining experience.
- Dishwasher/Kitchen Helper: Cleaning dishes and equipment, assisting chefs and cooks, performing other duties as needed to keep the kitchen running smoothly.
- Laundry Attendant: Washing, drying, and folding hotel laundry items.
- Room Attendant: Cleaning and preparing guest rooms for new arrivals, ensuring they are clean, comfortable, and meet the hotel's standards.
learn more about Hotel jobs: https://brainly.com/question/29344981
#SPJ1
How can formal business documents help managers solve problems?
A. By presenting well-organized, accurate information about a
problem
B. By creating a record of every action taken during a meeting
C. By eliminating the need for schedules and budgets to track
progress
D. By making decisions so the managers do not have to handle them
Answer:
A By presenting well organized, accurate information about a problem
Lyon Company had the following transactions: Apr. 8 Issued a $6,000, 60-day, six percent note payable in payment of an account with Bennett Company. May 15 Borrowed $40,000 from Lincoln Bank, signing a 60-day note at nine percent. Jun. 7 Paid Bennett Company the principal and interest due on the April 8 note payable. Jul. 6 Purchased $14,000 of merchandise from Bolton Company; signed a 90-day note with ten percent interest. Jul. 14 Paid the May 15 note due Lincoln Bank. Oct. 2 Borrowed $30,000 from Lincoln Bank, signing a 120-day note at nine percent. Oct. 4 Defaulted on the note payable to Bolton Company. Required a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Lyon Company has a December 31 year-end. Round answers to nearest dollar. Use 360 days for interest calculations.
Answer:
Lyon Company
General Journal with adjusting entries for interest expense:
Date Account Titles Debit Credit
Apr. 8 Accounts payable
(Bennett Company) $6,000
6% Note payable (Bennett Company) $6,000
To record the issuance of a 60-day note at 6% interest.
May 15 Cash $40,000
9% Note payable (Lincoln Bank) $40,000
To record the issuance of a 60-day note at nine percent.
Jun. 7 6% Note payable
(Bennett Company) $6,000
Interest expense $60
Cash $6,060
Jul. 6 Inventory $14,000
10% Note payable (Bolton Company) $14,000
To record the purchase of inventory by issuing a 90-day note.
Jul. 14 9% Note payable
(Lincoln Bank) $40,000
Interest expense $600
Cash $40,600
To record the full settlement of the note with interest.
Oct. 2 Cash $30,000
9% Note payable (Lincoln Bank) $30,000
To record the issuance of a 120-day note at 9% interest.
Oct. 4 10% Note payable
(Bolton Company) $14,000
Interest expense $350
Accounts payable (Bolton Company) $14,350
To record the default on payment of the note payable.
Explanation:
a) Data and Analysis:
Apr. 8 Accounts payable (Bennett Company) $6,000 6% Note payable (Bennett Company) $6,000 60-day
May 15 Cash $40,000 9% Note payable (Lincoln Bank) $40,000 a 60-day note at nine percent.
Jun. 7 6% Note payable (Bennett Company) $6,000 Interest expense $60 Cash $6,060
Jul. 6 Inventory $14,000 10% Note payable (Bolton Company) $14,000 a 90-day note
Jul. 14 9% Note payable (Lincoln Bank) $40,000 Interest expense $600 Cash $40,600
Oct. 2 Cash $30,000 9% Note payable (Lincoln Bank) $30,000
a 120-day note
Oct. 4 10% Note payable (Bolton Company) $14,000 Interest expense $350 Accounts payable (Bolton Company) $14,350
Suppose that Florida Bank has recently granted a loan of $2 million to Oyster Farms at LIBOR plus 0. 5 percent for six months. In return for granting Oyster Farms an interest-rate cap of 6. 5 percent on its loan, this bank has received from this customer a floor rate on the loan of 5 percent. Suppose that, as the loan is about to start, LIBOR declines to 4. 25 percent and remains there for the duration of the loan. How much (in dollars) will Oyster Farms have to pay in total interest on this six-month loan with floor and without floor?How much in interest rebates will Oyster Farms have to pay due to the fall in LIBOR?
Oyster Farms will have to pay a total interest of $95,000 on the six-month loan without the floor rate, and $100,000 with the floor rate. They will receive an interest rebate of $5,000 due to the fall in LIBOR.
Without the floor rate, Oyster Farms would have to pay interest at a rate of LIBOR plus 0.5 percent, which equals
4.25% + 0.5% = 4.75%.
With a loan amount of $2 million, the total interest payment without the floor rate would be
$2,000,000 * 4.75% = $95,000.
With the floor rate of 5 percent, Oyster Farms would have to pay interest at a rate of 5 percent, regardless of the decline in LIBOR to 4.25 percent. Again, with a loan amount of $2 million, the total interest payment with the floor rate would be
$2,000,000 * 5% = $100,000.
Since LIBOR declined, Oyster Farms will receive an interest rebate due to the fall in LIBOR. The difference between the interest payment without the floor and the interest payment with the floor is
$100,000 - $95,000 = $5,000.
Therefore, Oyster Farms will receive an interest rebate of $5,000.
To know more about interest rebate click here: brainly.com/question/33091656
#SPJ11
suppose in the year 2019, people spent $100 on durable goods, $200 on non-durable goods, and $700 on services. during the same year, the government paid a combined total of $300 to soldiers and police officers, spent $200 building missiles and highways, spent $400 total on welfare and unemployment benefits and $100 on social security payments. during this year the united states had imports totaling up to $500 while exporting $200 worth of goods and services. finally, firms spent $100 on machines that will increase their productive capacity and they raised the amount of goods in their inventories from $300 at the beginning of the year to $500 at the end of the year. please use this information to calculate total gdp for 2019
The total GDP for 2019 is $1,500
What is GDP of a country?The usual measure of the value added produced by the production of goods and services in a country over a period of time is the Gross Domestic Product (GDP). Therefore, income from this manufacturing, or total expenditure on finished goods and services (minus imports), is also taken into account.
GDP = private consumption + domestic private investment + government expenditure + net exports (exports - imports)
Given:
GDP = ( durable goods in 2018 + non- durable goods in 2018+ services in 2018) + ( Purchase of Machines + Change in inventories ) + ( Paid salaries of soldiers and police officers + expenditure on building missiles and highways) + Net exports ( Exports - imports )
GDP is calculated by
= ( $100 + $200 + $700 ) + ( $100 + ( $500 - $300 )) + ( $300 + $200 ) + ( $200 - $500 )
GDP = $1,500
To learn more about GDP, visit:
https://brainly.com/question/15682765
#SPJ1
Q 1.21: Flex-Mat started the year with total assets of $160,000 and total liabilities of $90,000. During the year, the business recorded $210,000 in revenues, $120,000 in expenses, and dividends of $35,000. Stockholders' equity at the end of the year was
Answer:
$125,000
Explanation:
total assets $160,000 = total liabilities $90,000 + total equity $70,000
income statement:
revenues $210,000
expenses $120,000
net income $90,000
- dividends $35,000
retained earnings $55,000
stockholders' equity at end of the year = $70,000 + $55,000 = $125,000