Answer:
$ 290,000
Explanation:
$ 120,000 Land cost
<u>Expenses</u>
$ 6,000 Subdividing
$ 36,000 Roads and Utilities
$ <u> 2,000</u> Taxes
$ 44,000 Total
<u>Interest</u>
$ 10,000 2018
$ <u>6,000</u> 2019
$ 16.000 Total
<u>Cost of Each Lot</u>
$ 120,000 Land cost
$ 44,000 Total Expenses
$ <u> 16,000</u> Interest *
$ 180,000 Total Cost
$ 6,000 Each ( $ 180,000 / 30 units ) *
<u>Quantity sold: 30 </u>
$ 6,000 Cost per unit
<u>Sales</u>
10 x $ 35,000 = $ 350,000
<u>Income Statement</u>
Sales $ 350,000
Cost $<u> (60,000)
</u> ( = $ 6,000 x 10 units ) *
Gain $ 290,000 *
<em>* Includes financing costs</em>
Answer:
Paco will have 335 dollars available for the car-loan
Explanation:
fromthe $490 cash flow
we should subtract the cash cost as once we obtain it through a loan we will have to handle with them as well:
490
- 60 gas
- 70 insurance
- 15 maintenance
<u> - 10 repairs </u>
335 net monthly savings after the purchase of the car.
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brainly.com/question/24868116
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Answer:
$307
Explanation:
The computation of the interest expense is shown below:
= Principal × rate of interest × number of days ÷ (total number of days in a year)
= $80,000 × 6% × (23 days ÷ 360 days)
= $307
The 23 days is taking from July 8 to July 31
We simply applied the simple interest formula by multiplying the principal amount with the rate of interest and the time period
Answer:
Banks provide business-specific financial services that help business owners manage their money. In addition to basic checking account services that allow business owners to deposit funds and write checks, they may also allow businesses to transfer money by Automated Clearing House (ACH) and wire