Business
Business, 28.08.2021 01:00, hamie5124

3. John Jacobs looks over his balance sheet from the beginning of the month. He observes that his assets include: (i) a market value of $120,000 for his home; (ii) $25,000 in corporate stock; (iii) a Treasury bill with a face value of $1,000 to be received at the end of the month, for which the current market value was $983; (iv) a bank deposit account of $6,000; and (v) some miscellaneous items that he values at $35,000. His only outstanding liability is the mortgage on his house, which has a balance totaling $40,000. It is now the end of the month and he just received his $6,000 salary, along with the income from the maturing T-bill and interest on his bank deposits, which were paying an annualized interest rate of 2 percent (2/12 percent per month). His mortgage payment was $1,500, of which $500 would go toward the principal. His other expenses for the month came to $4,000. He had planned to make an additional house payment for the month, all of which would go to paying down the principal on the loan. However, his daughter is in college and wants to go to the Bahamas for spring break. The expense of her trip would be an additional $1,800.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 09:50, sanam3035
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers
Answers: 1
image
Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
image
Business, 22.06.2019 20:20, chem1014
Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation
Answers: 3
image
Business, 22.06.2019 21:20, thicklooney
Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)
Answers: 2
Do you know the correct answer?
3. John Jacobs looks over his balance sheet from the beginning of the month. He observes that his as...

Questions in other subjects:

Konu
Mathematics, 08.04.2021 06:40
Konu
Mathematics, 08.04.2021 06:40