Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CAn Someone Please Help I Have Been Stuck On This For A Month And Also Can You Show The Work. (19.) Henry borrowed $18,750 from
CAn Someone Please Help I Have Been Stuck On This For A Month And Also Can You Show The Work. (19.) Henry borrowed $18,750 from Baily building and loan association for a three year term to remodel the business office he uses as landlord of several apartment buildings. Henry's rate is 1.4% over prime. What is the maturity value of the loan is the prime rate is 3.25%?( 22.) Recently, Turkey had a population of 73,639,596 and a GDP of 1,392,562,000 Turkish Lira. The inflation rate was reported as 6.13%. If I Turkish Lira is worth 0.56 U.S. dollars, what is the per capita GDP of Turkey is U.S. dollars?( 23.) Mayor Meisterbuger bought a yo-yo in 1983 for $9.33. The CPI for toys is 128.279. How much would the yo-yo cost if Mayor Meisterburger bought is today? (18.)The Linus Blanket Company issued 400 bonds at a value of $500 per bond to finance the start-up of their new line of designer blue blankets. The underwriting commission was 8%. They also paid accounting fees of $2,000, legal fees of $1,598, printing cost of $0.012 per bond issued, and other expenses of $378. What are the net proceeds form Linus Blanket Company's bond issue?( 15.) On the basis of the statistics for Cornelius's Yukon Gold Jewelry Store, what is the percent change in the current ratio from last year when he first opened to this year? (14.) Cornelius opened his Yukon Gold Jewelry Store lats year. To get his business started, Cornelius purchased a small building, which was valued at $170,000 when he bought it. He took out a $130,000 loan in order to acquire the building. Cornelius then bought $44,850 worth of supplies, $5,525 worth of equipment, and $280,500 worth of merchandise. He took out a $200,000 business loan to purchase these items and covered the rest with his own savings. Cornelius also opened a business bank account with $50,000 of his own money. Since opening last year, the value of the building has increased by 3.4%, and Cornelius paid off $1450.73 of his loan. The value of the equipment has depreciated by 20% while the value of the supplies has remained constant. Cornelius paid off $2,231.89 of his business loan, sold a $224,980 value of his merchandise, and purchased (paid in full) $122,000 of new merchandise. He currently owes $75,000 for a shipment of merchandise that just arrived. Interest and sales has increased the money in his bank account by 2.3%. What is Cornelius's current ower's equity in his jewelry store? (12.)Jack runs his own air conditioning repair business. He purchases a hydraulic A/C hose crimper to use on the job for a cost of $922.99. It will be fully depreciated after five years at the following percent:20% the first year, 32% the second year, 19.2% the third year, 11.55 the fourth year, and 5.8% the fifth year. Using MACRS depreciation, what is the book value of jacks hydraulic A/C hose crimper after three years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started