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KATRIN_1 [288]
3 years ago
8

After carefully going over your budget, you have determined you can afford to pay $922 per month toward a new sports car. You ca

ll up your local bank and find out that the going rate is 1 percent per month for 48 months. How much can you borrow
Business
1 answer:
Law Incorporation [45]3 years ago
4 0

Answer: $35,036

Explanation: We will calculate the present value of $922 for a period of 48 months, thus:

Payment (pmt) = $922

n = 48

r = 1% or 0.01

PV = pmt((1 - (1 ÷ (1+r)^n) / r)

PV = 922((1 - (1 ÷ (1 + 0.01)^48) / 0.01)

PV = 922((1 - (1 ÷ (1.01^48) / 0.01)

PV = 922((1 - (1 ÷ 1.612) / 0.01)

PV = 922((1 - 0.62) / 0.01)

PV = 922(0.38/0.01)

PV = 922(38)

PV = 35,036.

Therefore, the amount that can be borrowed is $35,036.

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When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
Viefleur [7K]
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
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4 years ago
Comment on the degree to which a market economy establishes liberty for individuals. Using ideas from the Circular Flow Model, w
fenix001 [56]

Answer: I dont know how to solve it i'm sorry -_-

Explanation:

6 0
3 years ago
Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97
ELEN [110]

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

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EPS after repurchase=$980,000/309,931.71

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5 0
4 years ago
Applying professor terry hill's generic strategy framework to mcdonald's, the operating design choices of resource scheduling, i
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4 years ago
Dip N’ Dunk Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the
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Answer:

The correct answer for option (a)  0.98 and 1.04 and for option (b) is Boulder Location.

Explanation:

According to the scenario, computation of the given data are as follows:

A). We can calculate the present value index by using following formula:

Present value index = Total present value of net cash flow ÷ Amount to be invested  

Present value index Ft. Collins = 607,600 ÷ 620,000  = 0.98

Present value index Boulder = $624,000 ÷ $600,000  = 1.04

Fort Collins has 0.98 present value index and boulder has 1.04 present value index.

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4 0
3 years ago
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