Question

The following partial financial information (in thousands of dollars) is available for Thole, Incorporated:

Loan amount: $130.00
Percent stock requirement: 0.02
Credit fee: $18.76
What is the total financial package?
a) $148.76
b) $148.00
c) $148.02
d) $130.18

Answer 1

The total financial package is $148.36.

Step-by-step explanation:

To calculate the total financial package, you need to add the loan amount, the credit fee, and the percent stock requirement.

The loan amount is $130, the credit fee is $18.76, and the percent stock requirement is 0.02 multiplied by $130. So, the stock requirement is $2.60.

Adding all these values together, the total financial package is $130 + $18.76 + $2.60 = $148.36.