Answer:
The monthly payments are calculated below.
Explanation:
Total monthly instalments= 15,000-3,750
=11,250
Amount payable at 24% annual financing;
A=P (1+r/100)n
=11,250(1+24/100)30/12
=$642
FV=PV (1+r)n
i) FV=12,000*(1.08)16
= $41,111
ii) FV =16,000*(1.05)15
= $33,263
iii) FV =29,000*(1.11)12
= $101,455
iv) FV =49,000*(1.04)7
= $64,481
Goldman Sachs is remember for the $550 million settlement with the US Securities and Exchange Commission. The deal was seen to be a winner as the amount was low, an amount that the firm makes in three weeks. Goldman was seen to have acted unethically or offensively. Goldman is thus viewed to be a disciple of Albert Carr’s theory of business is a poker game and we are all bluffing. This is because bluffing is expected and legal. Both Carr and Goldman concur with the idea that both poker and business are competitions thus any party can benefit from misrepresentations and make a profit from them. In the end, if a business execute moves that do not break laws, it is a "bluff".
Answer:
Working capital is ($98.7) in millions
Current ratio is 0.51:1
Explanation:
Working Capital is the difference between current assets and current liabilities. So, $102.5 (in milions) less $202.2 (in millions) equals ($98.7) in millions. This means, the company's short-term obligation exceeds its current asset for the period.
Current ratio also known as liquidity ratio. It measures the company's capacity to pay short-term obligation. To compute current ratio we simply divide current assets over current liabilities.
Current Assets / Current Liabilities
$102,500,000 / $201,200,000
0.509443 or 0.51 : 1
Answer:
Net Income $574
Explanation:
Calculation of Nueva's net income if it elects FIFO will be :
Net sales$7,400
Less Cost of goods sold ($4,806)
($5,610 − $804)
Gross profit 2,594
Operating expenses (1,638)
Income before taxes 956
(2,594-1,638)
Income tax 382.4
(40%×956)
Net income $574
(956-382.4)
Therefore the Nueva's net income if it elects FIFO would be $574
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