Bill bulge owned a grocery store in missouri. In order to finance some inventory, he borrowed $3000 from big bucks bank. The written agreement called for 20% interest to be paid at a time when long term government bond yields were 12%. At maturity, bill refused to pay anything because he said the bank was guilty of usury. Will bill have to pay anything?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?