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Lesechka [4]
3 years ago
10

The williams family just bought a new van. the cost of the van is $26,857.00. state sales tax is 6% on the cost of the van. in a

ddition, there is $250 worth of document preparation fees that must be paid. the williams family is putting down 20% and financing the rest with a home equity loan. what is the total amount that they are financing?
Business
1 answer:
KonstantinChe [14]3 years ago
8 0
<span>Solution:
 Total cost of van = market cost of van + 6% sales tax on market cost + document verification fees
 6% sales tax on market cost = market cost x 0.06 = 26857 x 0.06 = 1611.42 Total cost of van = 26857 + 1611.42 + 250 = 28,718.42
 20% of total cost of van = 5843.684
 Remaining amount = Total cost of van - initial financing = 22,974.74 dollars Hence 22,974.74 dollars is the total amount that Williams family is financing.</span>
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Answer:

NPV = $35,868.06

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV for Project Nuts

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-600,000

Cash flow each year from year 1 to 6 = 146,000

I = 10%

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To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

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3 years ago
Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 9
Korvikt [17]

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In this case,

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2 years ago
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Answer and Explanation:

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(To record cash received on season sales)  

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(To record note payable issued on borrowed amount )  

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(To record cash paid for advertising)  

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e No entry  

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It is called a positive-sum game.

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Read 2 more answers
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