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kolbaska11 [484]
3 years ago
5

Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situatio

n, you can create a budget based on an average individual your age.
Business
1 answer:
Mrac [35]3 years ago
5 0
What is being discussed in the unit
You might be interested in
She has negotiated a sales price of $24,145 and she has a $4,000 down payment. She is eligible for the full $750 cash rebate. He
kirill [66]

Answer:

The best overall price will be the bank offer because the cash disbursement are lower. Zara is looking for the cheapest overall price, which means the less cash disbursement regardless of the interest.

Explanation:

For the dealer option we need to calculate the cuota for an annuity of 66 month at 1.9% rate which a present value of 24,145 - 4,000 = 20,145

C * \frac{1-(1+r/12)^{-time} }{rate} = PV\\

C * \frac{1-(1+0.019/12)^{-66} }{0.019/12} = 20,145\\

The cuota for the dealer will be 321.69447 = 321.69

321.69 x 66 = 21231.54 overall cash price

Bank couta will be the annuity of 48 months at 3.50%

here we are using the cash rebate so 24,145 - 4,000 - 750 = 19,395

C * \frac{1-(1+0.035/12)^{-48} }{0.035/12} = 19,395\\

Cuota from the Bank 431.01181 = 431.01

431.01 x 48 = 20688.48 overall cash price

7 0
3 years ago
An investment in the Mezzogiorno will receive a subsidized loan of $12 million from the Italian government. The loan bears an in
Murrr4er [49]

Answer:

$1.92 million

Explanation:

The value of the subsidy per year = $12,000,000 x 3% = $360,000

Now we have to find the present value of the cash flows using an excel spreadsheet and the net present value function =NPV(discount rate,series of cash flows)

discount rate = 10% (market rate)

cash flows = 8 cash flows of 360,000 each

=NPV(10%,360000,360000,360000,360000,360000,360000,360000,360000) = $1,920,573 ≈ $1.92 million

6 0
4 years ago
Theona Thief stole an expensive watch from Valerie Victim. Theona then sold it through the classifed ads to Andy. Andy had no re
makkiz [27]

Answer:

E) Valerie

Explanation:

Going by the information in the above question, Valerie gets the watch

According to the law, the Watch will belong to Valerie and not Billy, and for the reason that one cannot buy something from anyone which doesn't belong to them.

So, the initial transaction that took place with Theona and Andy was null and void as well as any subsequent transaction were also nullified.

4 0
3 years ago
On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.
topjm [15]

Answer:

A. Dr Cash $100,000

Cr Notes Payable $100,000

B. Dr Interest expense $1,500

Cr Interest Payable $1,500

Explanation:

a Preparation of the entry on April 1 when the note was issued.

Dr Cash $100,000

Cr Notes Payable $100,000

(To record note issued)

B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements

Dr Interest expense $1,500

Cr Interest Payable $1,500

($100,000 x .06 x 3/12)

8 0
3 years ago
A company announces to employees that it will no longer offer a bonus to employees who meet monthly sales quotas. What effect is
il63 [147K]

Answer: In my opinion, it's most likely C

Explanation: they won't be as motivated to hit the sales quota because the bonus is no longer available

5 0
1 year ago
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