Answer
Option c is CORRECT answer
Explanation:
Borrowing money to pursue an advanced degree makes sense if You already have the financing to pay out of pocket.
Answer:
8.09%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,000 × 98.27% = $982.70
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 7.5% = $75
NPER = 3.5 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
So, after solving this, the answer would be 8.09%
Answer: 1.748 years
Explanation: The term payback period can be defined as the period under which the firm can recover its initial investment in the project from the cash inflows. It can be computed using following formula :-
where,
total annual cash inflow = $104,000 + $15,000 = $119,000
now, putting the values into equation we get,
= 1.748 years
Answer:
Total units= 23214
Explanation:
Giving the following information:
Direct materials $1 per unit
Direct labor $100 per hour (100/500 units= $0.2)
The marketing manager decided to spend $2 per unit.
Fixed cost $55,000
Price= $4,000/1,000 units= $4.
First, we will determine the effect of the first 5000 (with the mkt expense) on the fixed costs:
5000*[4-(1+0.2+2)]= 4000 - 55000= 51000
Break-even point= fixed costs/ contribution margin
Break-even point= 51000/ [4-(1+0.2)]= 18214 units
Total units= 23214