Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
Answer:
Book value per share of Weyerhaeuser Incorporated is $26 per share.
Explanation:
Book value per share (BVPS) refers to the ratio of the common shareholders' equity of a company to its number of shares outstanding. This can be expressed mathematically as folllows:
Book value per share = Common shareholders' equity / Number of common shares outstanding .......................... (1)
Where;
Common shareholders' equity = $26 million
Number of common shares outstanding = $1 million
Substituting the values into equation (1), we have:
Book value per share = $26 million / $1 million = $26 per share.
Therefore, book value per share of Weyerhaeuser Incorporated is $26 per share.
1. Clarity inside the framework; making items straightforward, ensuring revelations are clear
2. Control around the money related commercial center around choices individuals make about things like home loan, and so forth.
3. Building budgetary capacity of Americans; enable the youthful to be taught about their money related choices without bounds.
Answer:
$3,621.8
Explanation:
Given the above information, first, we will calculate the ;
Variable manufacturing overhead = $5.00 × 100 = 600
Then, the total fixed manufacturing overhead = $174,000
Total costs = $690 + $5,800 + $600 + $174,000 = $181,090
Unit product cost = $181,090/50
Unit product cost = $3,621.8