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2 years ago

Jordan signed a finance agreement for her recent purchase. what is the total amount she will pay back under this agreement?

2 answers:

7 0

That mostly depends on the contract. If the contract is such that you pay without interest, then you pay just what you took. If there is interest, then you pay a percent more that is calculated usually yearly, depending on how long you pay it back or anything similar that is within law.

Lisa [10]2 years ago

4 0

$5500 is the answer. you add 2500 + 3000 and get 5500

(on apex)

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Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge

Vilka [71]

Answer:

The journal entries for both corporations is prepared below

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0

2 years ago

A company reported net income of $836,000 for the current year. The year-end market price per common share was $12 and there wer

Nimfa-mama [501]

Answer:

Explanation:

I think you should google it on the internet

7 0

2 years ago

Read 2 more answers

When banks try to make their positioning strategies tangible through the ________ dimension, they make sure the exterior and int

Andru [333]

Answer:

Place

Explanation:

When banks try to make their positioning strategies tangible through the <u>Place</u> dimension, they make sure the exterior and interior have clean lines, the layout of the desks and the traffic flow are planned carefully, and waiting lines are not overly long.

Positioning strategies: It is a strategy that choose one or two key area to focus on for brand and product growth in the market. Before implementing these strategies, it is important to understand the strength and weakness of the company, target customer need and competitor´s position in the market, it help in effective planning and achieve objective of the company.

There are several dimension to positioning strategies, depending on what kind of analysis firm want to conduct.

Here in the given case, Bank have used place dimension of positioning strategies, so that it can gain more customer attraction and keep service flow organized in the bank.

4 0

2 years ago

Cindy's current year adjusted gross income (AGI) is $300,000 and her current year total tax liability is $60,000. Her immediate

Crazy boy [7]

Answer:

The answer is $44,000

Explanation:

Solution

Given that

Now

Present/current year AGI = $300000

Present /current year tax liability = $60000

Prior year AGI = $200000

Prior year tax liability = $40000

Thus

As per Tax rule or applying the Tax rule

If Adjusted gross income(AGI) of prior year is below $250000 then the minimum required tax payment in the current year in order to avoid interest penalty is lower of

(1) 90% of present /current year tax (liability) or

(2) 110% of prior year tax liability

Because the prior year AGI is $200000 which is lower than $250000, in order to avoid interest penalty, the minimum required payment amount of tax liability in current/present year is lower of

(1) 90% of current year tax liability of $60000

Then

$60000 *90% = $54000

(2)110% of prior year tax liability of $40000

$40000 ×110% = $44000

Hence, minimum required total tax payment amount for the current year is $44,000

5 0

2 years ago

How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the

Vinvika [58]

Answer:

$78.0 million

Explanation:

Cost of repurchase = Number of shares*Share price/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1 - 0.01)

Cost of repurchase = $3,352,720 * $23.02/0.99

Cost of repurchase = $3,352,720 * $23.25

Cost of repurchase = $ 77,950,740

Cost of repurchase = $78.0 million

6 0

2 years ago