Brent bishop is the vice president of operations for southern sweets bakery. he drives a 2017 toyota prius prime as his company car, and it has a fair market value of $37,500. the annual lease for the vehicle is $9,750. he reported driving 34,750 miles during 2018, of which 20 percent were for personal reasons. the company pays his fuel and charges him five cents per mile for fuel charges. required:
using the lease value rule, what is the valuation of brent’s company car benefit?

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

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