Jones incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of nu co., a new corporation. to qualify for tax‐free incorporation, jones must be in control of nu immediately after the exchange. what percentage of nu's stock must jones own to qualify as "control" for this purpose? a. 50.00% b. 51.00% c. 66.67% d. 80.00%

If you miss two payments on a credit card what is generally the penalty

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?