A product has a cash value of $ 585,000 and can be purchased financed with the following plan: initial fee of 30% of the...
A product has a cash value of $ 585,000 and can be purchased financed with the following plan: initial fee of 30% of the price of the cash price and the rest to 18 equal monthly installments; The first installment must be paid within eight months and one last payment for $ 80,000 three months after the last monthly installment. If the interest rate is 31% per annum, month due during the first seven months and 9% quarterly thereafter, find the value of the monthly uniform fees.
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A product has a cash value of $ 585,000 and can be purchased financed with the following plan: initial fee of 30% of the...
10. value: 10.00 points You can purchase a residential building lot for $90,000 cash, or for...
10. value: 10.00 points You can purchase a residential building lot for $90,000 cash, or for $20,000 down and quarterly payments of $5000 for four years. The first payment would be due three months after the purchase date. If the money you would use for a cash purchase can earn 8% compounded quarterly during the next four years, which option should you choose? the quarterly payment plan the $90,000 cash price What is the economic advantage in current dollars of...
Borrow or pay cash for an asset Personal Finance Problem Mark and Stacy McCoy are set...
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SlippyLtd has been in business for several years.
SlippyLtd has been in business for several years. They are in the midst of preparing their quarterly budgets for the first three months starting on 1" January 2019. 1. Sales for November 2018 and December 2018were $75,000 and $83,000 respectively. Forecast sales for the first three months in 2019 are as follows: January 2019 $90,000 February 2019 $100,000 March 2019 $120,000 All sales are on the following terms: 20% on cash basis and remainder is on credit terms. All credit sales are on average are...
The following contains a 3 part question, first question in done by me, assistance required in...
The following contains a 3 part question, first question in done
by me, assistance required in the second question
(Statement of Financial Position), third question will be
asked later in a separate request.
Rita Mc Govern is starting her business in the hair care
industry by launching Wonderful Hair Day (WHD). She has undertaken
some initial analysis of the market and believes that she can sell
9,000 units of the WHD in the first 3 months of business. She is...
Sheridan Industries purchased the following assets and constructed a building as well. All this was done...
Sheridan Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $200,000 cash. The following information was gathered. Description Initial Cost on Seller’s Books Depreciation to Date on Seller’s Books Book Value on Seller’s Books Appraised Value Machinery $200,000 $100,000 $100,000 $180,000 Equipment 120,000 20,000 100,000 60,000 Asset 3: This machine was acquired by making a $20,000 down...
Page 1 Discussion Question _ Budgets The management accountant at Brookes Merchandising & More, Gary Jeffers,...
Page 1 Discussion Question _ Budgets The management accountant at Brookes Merchandising & More, Gary Jeffers, is in the process of preparing the cash budget for the business for the quarter ending December 31, 2018. Extracts from the sales and purchases budgets are as follows: Cash Sales Sales on Account Purchases on account August $121,000 $480,000 $390,000 September $95,500 $600,000 $360,000 October $111,205 $720,000 $480,000 November $125,900 $ 650,000 $400,000 December $156,000 $ 800,000 $500,000 (i) An analysis of...
1. Shirley wants to go on a trip to Hawaii. She budgets that she can save...
1. Shirley wants to go on a trip to Hawaii. She budgets that she can save $108 at the end of every month, and interest in her account is 8% compounded biweekly. By looking at prices, she knows that the trip will cost her $4813 total. How long in years (round to two decimal places) will it take before she can go on her trip? 2. Joey buys a new Honda civic for $18997. He agrees to payments at the...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with a face value of $100,000,4% coupon paid annually and maturity of 10 years if market interest rates are: b. 6% c. 2% 2. In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table, your opportunity cost is 11% Alternative Single Amount $28,000 at the end of 3 years $54,000 at...
#1 MULTIPLE CHOICE (no need to show work but please get right) 1. A property has a net operating income of $25,000 and the capitalization rate used in the market is 10%. What is the indicated value? a...
#1 MULTIPLE CHOICE (no need to show work but please get right) 1. A property has a net operating income of $25,000 and the capitalization rate used in the market is 10%. What is the indicated value? a) $250,000 b) $300,000 c) $325,000 d) $2,500,000 2. A property sold for $555,000. The buyer anticipated that the potential gross income (PGI) would be $93,000, the vacancy would be 5%, and expenses would be 35% of the effective gross income (EGI) in...
10. value: 10.00 points You can purchase a residential building lot for $90,000 cash, or for $20,000 down and quarterly payments of $5000 for four years. The first payment would be due three months after the purchase date. If the money you would use for a cash purchase can earn 8% compounded quarterly during the next four years, which option should you choose? the quarterly payment plan the $90,000 cash price What is the economic advantage in current dollars of...
The following contains a 3 part question, first question in done
by me, assistance required in the second question
(Statement of Financial Position), third question will be
asked later in a separate request.
Rita Mc Govern is starting her business in the hair care
industry by launching Wonderful Hair Day (WHD). She has undertaken
some initial analysis of the market and believes that she can sell
9,000 units of the WHD in the first 3 months of business. She is...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with a face value of $100,000,4% coupon paid annually and maturity of 10 years if market interest rates are: b. 6% c. 2% 2. In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table, your opportunity cost is 11% Alternative Single Amount $28,000 at the end of 3 years $54,000 at...
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