If the closing costs were 5% of the loan amount, how much was the loan amount?

a. $62,580

b. $70,880

c. $74,424

d. $177,200

All-Around Sound Co. discovered a fraud whereby one of its front office administrative em - ployees used company funds to purchase goods, such as computers, digital cameras, and other electronic items for her own use.

X2 issued callable bonds on January 1, 2018. The bonds pay interest annually on December 31 each year.

What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and you receive a total of 23 annual payments

Jipmor, an interior décor store in the city of Jeswayde, manufactures designer white oak furniture. Jipmor is highly dependent on Casode, which is the only store in Jeswayde that sells white oak wood, for the timely delivery of good-quality wood.

On January 31, 2021, B Corp. issued $600,000 face value, 12% bonds for $600,000 cash. The bonds are dated December 31, 2020, and mature on December 31, 2030. Interest will be paid semiannually on June 30 and December 31.

What do you need to start a new business

Suppose a perfectly competitive firm is in the following situation: P = $10, output = 3,000, ATC = $11, MC = $10, and AVC = $7.50.

Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of the kits next quarter at a price of $11, and the other 50 kits in the third quarter at a price of $12.

In 1929, how much more did the average family in the top 20 percent earn than the average family in the bottom 40 percent?

Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. In 2018, when the balance owing on the loan was $18,000, Tom defaulted on the note.