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3 years ago

Develop a plan in which Ethan can finish his degree without debt

Business

1 answer:

DanielleElmas [232]3 years ago

3 0

Answer:

Ethan can finish his degree without debt if he works part time after his studies and earns at least $9,000 which is his university fee.

Explanation:

Ethan is developing strategies to finance his studies. He do not wishes to secure loan to pay his fee. He can work part time and earn some amount which he should save in order to pay off his fee. He can earn more money by selling some goods that he can make on his own. Some art and craft things that are admired by people can bring him money.

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A $200,000 loan amortized over 13 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove

kvasek [131]

Answer:

Loan amount = $184,193.95

Explanation:

Interest will remain same each year. Interest per year = 200,000*10% = $20,000

Installment $21,215.85

Less: Interest <u>$20,000</u>

Payment to Principal <u>$1,215.85</u>

Total principal repaid in 13 years = $1,215.85 * 13 years = $15,806.05

So, the principal left = $200,000 - $15,806.05 = $184,193.95

3 0

3 years ago

The sales level that results in a project's net present value exactly equaling zero is called the _____ break-even.

CaHeK987 [17]

The sales level that results in a project's net income exactly equaling zero is called the accounting break-even.

<h3>What is Break Even In Accounting?</h3>

Break even point refers to the point or sales unit where total cost is equal to total revenue. That is, both total revenue and total cost at the point are even and there neither profit nor loss.

Break even point can be computed for accounting break even and the cash break even points. The difference between the two is that accounting break even point include depreciation in the fixed cost while the cash break even point deduct non cash expenses from the fixed cost.

The formula for the are as follows:

Accounting break even point = Fixed cost / (Unit price - Unit cost)

Cash break even point = (Fixed cost - Depreciation) / (Unit price - Unit cost)

The break-even analysis is a tool that provides the level of units or sales necessary to cover both variable and fixed costs.

Therefore, we can conclude that the correct option is B.

Your question is incomplete, but most probably your full question was:

The sales level that results in a project's net present value exactly equaling zero is called the _____ break-even.

a. leveraged

b. accounting

c. operational

d. cash

e. present value

Learn more about Break- Even on:

brainly.com/question/17156955

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5 0

2 years ago

In good years, dailey industries often loans cash to other companies, but in difficult years, they have to borrow cash from othe

MrRissso [65]

Any sort of funds used In financing a firm is recorded in the Financing activities while the loans cash will be recorded in the Financing activities of the statement of cash flows as well.

<h3>What is the Financing activities of cash flows?</h3>

This part of cash flows record the financing activities such as raising money through lending or issuing a bond as well as paying back to the investors.

Therefore, both transactions will be recorded in the financing activities of cash flows.

Read more about financing activities

<em>brainly.com/question/14441404</em>

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4 0

2 years ago

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago

When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooti

MrMuchimi

The answer that best fits the question is that 'when a shot will give a clean kill' because a firearm's killing range can be known or considered to be more effective if it has the capacity of providing a clean kill with only using a one shot and does not require for a second or more.

7 0

3 years ago