Answer:
a. 6.36%
b. $378.02
Explanation:
a. The computation of Annual percentage rate is shown below:-
Annual percentage rate = Lease factor × 2,400
= 0.00265 × 2,400
= 6.36%
b. For computation of monthly lease payment first we need to find out the depreciation charge, finance charge and tax which is shown below:-
Depreciation charge = (Base cost + Other cost - Down payment - Residual value) ÷ Number of lease payment
= ($27,600 + $1,050 - $3,000 - $17,000) ÷ 36
= $8,650 ÷ 36
= $240.27
Finance charge = (Base cost + Other cost - Down payment - Residual value) × Lease factor
= ($27,600 + $1,050 - $3,000 - $17,000) × 0.00265
= $42,650 × 0.00265
= $113.0225
now,
Tax = (Depreciation charge + Finance charge) × Tax rate
= ($240.27 + $113.0225) × 7%
= $353.2925 × 7%
= $24.73
Monthly Lease payment = Depreciation charge + Finance charge + Tax
= $240.27 + $113.0225 + $24.73
= $378.02
Answer:
A major part of your life is your vocation. This is your career or even your business. Fulfillment in your vocation can contribute to leading a satisfying and successful life. Factors involved in having a satisfying vocation are that you should have a purpose, help others and be concerned about future generations
Answer:
First of all, there was no attendant in the parking lot when batman arrived, meaning that he did not hand the keys. Batman kept the leys to himself all the time, so there is no transfer of possession. Without a valid transfer of possession, bailment cannot exist. Whether Batman ate at the restaurant or spent time talking to Wonder Woman do not change the facts that the safety of his Batmobile was his responsibility only.
Answer:
Variable cost per unit= $6.6 per unit
Explanation:
Giving the following information:
January: $2,880 330
February: $3,180 380
March: $3,780 530
April: $4,680 660
May: $3,380 530
June: $5,520 730
To calculate the unitary variable cost, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit
Answer:
1. Operating plan.
2. Operating plan.
3. Financial plan.
4. Dividend policy.
5. B and C.
Explanation:
1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.
2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.
3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.
4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.
Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.
Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.
Hence, the following statements are true about financial planning;
I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.
II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.
