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andrezito [222]
3 years ago
6

The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70.I

f the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit?
Business
1 answer:
Ymorist [56]3 years ago
4 0

Answer:

Maximum initial purchase that Carla can buy on credit is <u>$1455.08</u>

Explanation:

Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]

$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]

= $70 = P (1.326209535) * 0.142/12 / 0.326209535

= $70 = P * 0.0156934795 / 0.326209535

= P = $1455.08

So, the maximum initial purchase that Carla can buy on credit = $1455.08

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how do free cash flows available for debt and equity stakeholders differ from free cash flows available for common equity shareh
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Financing operations are excluded from the calculation of free cash flows to common equity owners if: the capital expenditures adjustments .Investors and business analysts value free cash flow because it indicates how much available cash your organisation has. They frequently evaluate your free cash flow to determine whether your business has the money to pay down debt, distribute dividends, and repurchase shares.Because it affects a company’s capacity to generate cash from operations, a company’s net income has a significant impact on its free cash flow.After all required capital investments and distributions to shareholders have been made, the remaining cash flow is known as free cash flow.Cash flow from operations less capital outlays is known as free cash flow to equity.The maximum amount that may be distributed to shareholders as a dividend is represented by FCFE.

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4 0
1 year ago
Outside directors are defined as
Westkost [7]

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B) individuals on the board who are not employed by the board's corporation.

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8 0
3 years ago
When a movie theater charges a lower ticket price for senior citizens and/or students, the movie theater is engaging in_________
MariettaO [177]

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b) third-degree price discrimination.

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8 0
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