Fred wants a new pickup truck and has found a 2020 Silverado that he really likes for $45,000. He can finance through the dealer for ZERO percent interest, 60 months, payment of $750 per month. OR he can get a loan at his bank / credit union for 3.40% annually, 60 months, and if he pays cash to the dealer, he gets the truck for $40,000. Calculate the monthly RATE, the annual rate, and the Effective rate for the dealer financing based on the discounted amount of $40,000 at $750 per month. Also calculate total payments ($750*60). For the Bank financing, calculate the payment, the effective rate, and the total of payments on the $40,000 cash he will take to the dealer to get the $5000 discount.

What happens when a bank is required to hold more money in reserve?

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?