Answer:
$59.5
Explanation:
Data provided;
The price of the X-Box = $400.00
layaway fee = 5%
Down payment = 15%
Now,
The total cost of the X-Box = $400.00 + 5% of $400.00
or
= $400.00 + 0.05 × $400.00
= $400 + $20
= $420
The amount of down payment = 15% of $420
= 0.15 × $420
= $63
The amount left after down payment = $420 - $63
= $357
Therefore,
The weekly payment =
=
= $59.5
Answer:
a. 7.30%
b. 4.745%
Explanation:
For computing the pretax cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $1,000 × 106% = $1,060
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 8% ÷ 2 = $40
NPER = 14 years × 2 = 28 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula
a. The pretax cost of debt is
= 3.65% × 2
= 7.30%
b. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 7.30 % × ( 1 - 0.35)
= 4.745%
Answer:
Explanation:
We multiply the variable component for each relevant range.
Then for the fixed cost, we post the total.
Notice it is given for 1,200,000 units
so total depreciation 1,200,000 x 2 = 2,400,000 = 200,000 per month
Supervisor 1,200,000 x 1 = 1,200,000 = 100,000 per month