Tom would like to take out a secured loan to pay for a vacation this summer. he has offered his car as collateral. his car is worth $3,500. his bank can offer loans for 80% of collateral value. the vacation he has planned will cost $4,750. approximately how much additional collateral will tom need to offer in order to borrow enough to go on his vacation as planned?
a.
$1,000.00
b.
$1,362.50
c.
$2,437.50
d.
$2,800.00

What is the best definition of a conclusion?

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: