B. when you are making a career change
Answer:
1. $6,000
2. $60
3. $8,180
Explanation:
With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000
As Lindsay would pay for a term of 3 years
=> In each year, the amount finance is: $2,000
In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60
=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180
The actual cost of the car for Lindsay to own:
Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180
= $8,180
Answer:
14%
Explanation:
required rate of return = risk free rate of return + ( risk premium x beta)
5% + 1.5 x 6% = 14%
Answer:
32.88%
Explanation:
For computing the rate we need to apply the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $42,000
Future value or Face value = $0
PMT = $4,154.50
NPER = 12 months
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying this above formula, the rate is
= 2.74% × 12 months
= 32.88%
Answer:
a. $352,200
b. $372,100
Explanation:
The cost of goods manufactured
<em>Consider only the manufacturing costs</em>
Cost of goods manufactured = $122,200 + $69,200 + $17,600 + $113,100 + $34,000 + $13,300 - $17,200
=$352,200
Cost of goods sold
<em>Add Cost of goods manufactured to the net of Finished inventory balance</em>
Cost of goods sold = $47,900 $68,800 + $352,200 - $47,900
= $372,100
