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1. Find the value of Y that is equivalent to the cash flow on left at...
It is for Mechanical engineering. Not Accounting 3. Assume that you have a credit card whose...
It
is for Mechanical engineering. Not Accounting
3. Assume that you have a credit card whose statement on April 1 showed that owe $1,890.00. You made a payment to the credit card company of $800.00 the same day using on-line payment. Throughout the month of April you cha $485.00 on this card which is posted on the May 1 statement. On May 1 you an on-line payment of $940.00 to the company. Throughout the month of M you charged $260.00...
3. Assume that you have a credit card whose statement on April 1 showed that you...
3. Assume that you have a credit card whose statement on April 1 showed that you owe $1,890.00. You made a payment to the credit card company of $800.00 on the same day using on-line payment. Throughout the month of April you charged $485.00 on this card which is posted on the May 1 statement. On May 1 you made an on-line payment of $940.00 to the company. Throughout the month of May you charged $260.00 on this card which...
Bw . 3. Assume that you have a credit card whose statement on April 1 showed...
Bw . 3. Assume that you have a credit card whose statement on April 1 showed that you owe $1.890.00. You made a payment to the credit card company of $800.00 on the same day using on-line payment. Throughout the month of April you charged $485.00 on this card which is posted on the May 1 statement. On May 1 you made an on-line payment of $940.00 to the company. Throughout the month of May you charged $260.00 on this...
Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an...
Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checies are deposited immediately. The bank charges $0.50 per check; the amount per check averages $75. "Bad" checks that Rosita cannot collect make up 3 percent of check revenue. During a typical month, Rosita's has sales of $45,000. About 80 percent are cash sales. Estimated sales for the next three months are...
1. Assume you owe $5,000 on a credit card on June 1st. Assume the company uses the average daily balance to compute...
1. Assume you owe $5,000 on a credit card on June 1st. Assume the company uses the average daily balance to compute interest, at the rate of 20 %. Assume that these transactions occur during the month of June: On June 5th, you charge another $200 on the card. On June 13, you pay $500. On June 17th, you charge another $300. On June 25th, you charge another $500. At the end of the month, how much money do you...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make no more purchases and make payments of $400 per month. How long will it take you to pay off your credit card if it charges interest at J12-18% and your first payment is in one month. You may give your answer in months
Here is Lashonda's credit card statement for the month of December. Date Transaction December 1 Beginning...
Here is Lashonda's credit card statement for the month of December. Date Transaction December 1 Beginning balance December 4 Payment December 13 Purchase December 24 Payment Transaction amount $1700.09 $340.00 $61.95 $800.00 (a) Use the credit card statement to help fill in the table below. Note that there are 31 days in December. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction Unpaid balance Number of days December 1 $5100.27 Beginning balance Payment...
please answer 3-6 Scenario: You decide to buy a used 2014 Kawasaki Ninja 300 motorcycle for...
please answer 3-6
Scenario: You decide to buy a used 2014 Kawasaki Ninja 300 motorcycle for $4300. You make the purchase with a credit card. Your credit card has an APR of 21.3%. You owe nothing else on this card. Questions: 1. What is the monthly interest rate? 2. How long will it take you to pay off the debt if you make payments of $100 a month? 3. How much interest will you have paid by the time you...
1 Cash Budget The owner of a building supply company has requested a cash budget for...
1
Cash Budget The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you find the following: a. Cash balance on June 1 is $886. b. Actual sales for April and May are as follows: April May Cash sales $10,000 $18,000 Credit sales 28,900 35,000 Total sales $38,900 $53,000 C. Credit sales are collected over a 3-month period: 40% in the month of sale, 30% in the second month,...
It
is for Mechanical engineering. Not Accounting
3. Assume that you have a credit card whose statement on April 1 showed that owe $1,890.00. You made a payment to the credit card company of $800.00 the same day using on-line payment. Throughout the month of April you cha $485.00 on this card which is posted on the May 1 statement. On May 1 you an on-line payment of $940.00 to the company. Throughout the month of M you charged $260.00...
3. Assume that you have a credit card whose statement on April 1 showed that you owe $1,890.00. You made a payment to the credit card company of $800.00 on the same day using on-line payment. Throughout the month of April you charged $485.00 on this card which is posted on the May 1 statement. On May 1 you made an on-line payment of $940.00 to the company. Throughout the month of May you charged $260.00 on this card which...
Bw . 3. Assume that you have a credit card whose statement on April 1 showed that you owe $1.890.00. You made a payment to the credit card company of $800.00 on the same day using on-line payment. Throughout the month of April you charged $485.00 on this card which is posted on the May 1 statement. On May 1 you made an on-line payment of $940.00 to the company. Throughout the month of May you charged $260.00 on this...
Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checies are deposited immediately. The bank charges $0.50 per check; the amount per check averages $75. "Bad" checks that Rosita cannot collect make up 3 percent of check revenue. During a typical month, Rosita's has sales of $45,000. About 80 percent are cash sales. Estimated sales for the next three months are...
1. Assume you owe $5,000 on a credit card on June 1st. Assume the company uses the average daily balance to compute interest, at the rate of 20 %. Assume that these transactions occur during the month of June: On June 5th, you charge another $200 on the card. On June 13, you pay $500. On June 17th, you charge another $300. On June 25th, you charge another $500. At the end of the month, how much money do you...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make no more purchases and make payments of $400 per month. How long will it take you to pay off your credit card if it charges interest at J12-18% and your first payment is in one month. You may give your answer in months
Here is Lashonda's credit card statement for the month of December. Date Transaction December 1 Beginning balance December 4 Payment December 13 Purchase December 24 Payment Transaction amount $1700.09 $340.00 $61.95 $800.00 (a) Use the credit card statement to help fill in the table below. Note that there are 31 days in December. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction Unpaid balance Number of days December 1 $5100.27 Beginning balance Payment...
please answer 3-6
Scenario: You decide to buy a used 2014 Kawasaki Ninja 300 motorcycle for $4300. You make the purchase with a credit card. Your credit card has an APR of 21.3%. You owe nothing else on this card. Questions: 1. What is the monthly interest rate? 2. How long will it take you to pay off the debt if you make payments of $100 a month? 3. How much interest will you have paid by the time you...
1
Cash Budget The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you find the following: a. Cash balance on June 1 is $886. b. Actual sales for April and May are as follows: April May Cash sales $10,000 $18,000 Credit sales 28,900 35,000 Total sales $38,900 $53,000 C. Credit sales are collected over a 3-month period: 40% in the month of sale, 30% in the second month,...
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