<span>To find the cost of going to this college in four years, sum all the values given (9350 + 8630 + 1650 + 2140 + 1110), which gives $22,880 for attending. Subtracting 4500 for grants and 8630 for not having to live on-campus gives a value of $9750 required. Dividing this value by 48 months (the time left before he begins attending) gives an approximate value of $203.13 needed to be saved per month without any interest being added. To make sure that Caleb has enough if the $3.13 per month isn't made up by interest down the line, $300 should be saved each month.</span>
To solve:
Percentage of preferred stock outstanding = 5.5%
Price per share = $48
Price of preferred stock = (.055 x $100)/$48
Price of preferred stock = .1146
To turn into a percentage:
% = (.1146)(100)
11.46%
Answer:
$ 102,100
Explanation:
Based on the scenario been described in the question the incremental Analysis for replacement of old equipment:
Cost of New used lift
$ 190,500
Saving in Incremental Cost of Repair of old lift
$ (45,000)
Reduction in Annual operating expenses = $25,600 * 6 years
$ (153,600)
Annual Rent revenue from new used lift = $11,000*6 years
$ (66,000)
Sale price of old lift
$ (28,000)
Saving in Incremental Costs
$ (102,100)
Net income increase
$ 102,100
Hence, the net income shall increase by $102,100 if the old liftis replaced.
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