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Artemon [7]
2 years ago
12

Taggart Transcontinental currently has a bank loan outstanding that requires it to make three annual payments at the end of the

next three years of $1,000,000 each. The bank has offered to allow Taggart Transcontinental to skip making the next two payments in lieu of making one large payment at the end of the loan's term in three years. If the interest rate on the loan is 6%, then the final payment that the bank will require to make Taggart Transcontinental indifferent between the two forms of payments is closest to:
Business
1 answer:
prohojiy [21]2 years ago
6 0

Answer:

Future value is approximately $3,183,600 which is equal to $3,184,000.

Explanation:

Please see attachment

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In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid
timofeeve [1]

Answer:

Correct answer:

b) lower prices for consumers and producers

Explanation:

In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).

<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>

6 0
1 year ago
During a period of rising prices, using fifo (first-in, first-out) inventory valuation method will result in ________ net income
dlinn [17]
The correct option is "higher".

<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
7 0
1 year ago
Further From Center has 10,700 shares of common stock outstanding at a price of $41 per share. It also has 240 shares of preferr
DanielleElmas [232]

Answer:

capital structure weight is = 0.349

Explanation:

Given data:

Number of share 10,700

per share price is $41

number of share of stock is 240

per share price of preferred stock is $92

number of bonds 570

coupon rate is 6% paid semiannually

mutuarity life of bonds is 22 year

face value of bonds is $1000

selling price 104.5% per par

common stock = 10,700 \times $41 = 438,700

Preferred stock  = 240\times 92 = 222,080

Bonds = 570\times 1000\times 1.045  = 595,650

Total amount = 438,700 + 222,080+595,650 = 1,256,430

capital structure weight is = \frac{438,700}{1,256,430} = 0.349

8 0
1 year ago
Many firms include on their employment applications a box that job seekers are asked to check if they have ever been convicted o
maria [59]

Answer:

These two statements are correct:

A. Potential employers may have believed that those with black-sounding names had completed less education.

African Americans on average have less rates of graduation from tertirary education than White Americans.

This situation might lead some employers to develop streotypes about African Americans being less educated, when it is clearly an error, and unfair, to reject a potential employee because of stereotyping instead of making an individualized analysis of his or her abilities.

D. Hiring firms may have believed that those with black-sounding names were more likely to have a criminal conviction.

African Americans on average are incarcerated more often than other ethnic groups in the US. The reasons for this are complex but poverty and racial discrimination are two big factors. This situation causes some employees to develop streotypes, leading to unfair situations as described in the first answer.

5 0
2 years ago
Accounting has estimated that 20% of the fixed overhead costs currently assigned to QX100 would not be needed if the company cho
Maurinko [17]

Answer: $15.80

Explanation:

The preston Industries, Inc. currently manufactures part QX100, which is used in several products produced by the company. Monthly production costs for 10,000 units of QX100 are as follows:

Direct materials= $80,000

Direct labor= $20,000

Variable overhead costs= $50,000

Fixed overhead costs= $40,000

Total manufacturing costs= $190,000

Accounting has estimated that 20% of the fixed overhead costs currently assigned to QX100 would not be needed if the company chose to purchase the part from an outside supplier. Preston currently has the option of purchasing the part from an outside supplier at $16.00 per unit.

Based solely on a short-run financial analysis, the maximum price that Preston should be willing to pay the outside vendor for each unit of QX100 is $15.80

7 0
2 years ago
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