To find the fixed cost, we need add all costs that do not change with the number of haircuts. These are the salaries of the barbers and the manager bonus, the advertisement fees, rent and the magazines. We also have the standard part of the utility payment, the 170$. Those add up to:
6*1310+520+280+980+20+170=9830$. We also have regarding the variable costs:
The utilities variable part are included since they depend on haircuts, barber supplies and the base rate of each barber per haircut. Hence those are:
(5.90+0.38+0.27 per haircut)=6.55$ per haircut
Answer:
Mr. Jackson will need to bring a check to closing in the amount of $14,470
Explanation:
The computation of the closing amount is shown below:
= Down payment + title insurance + recording fees + tax proportion fee - = earned money deposit
where,
Down payment = Purchase cost × remaining percentage (100% - 80%)
= $90,000 × 20%
= $18,000
The other values remain same
So, the value would equal to
= $18,000 + $250 + $60 + $430 - $4,000
= $14,470
Answer:
Principal payment = $27,505.00
Explanation:
<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>
The principal repayment in year 1 = Annual payment - Interest payment in year 1
<em>Interest payment in year = Interest rate × Principal Amount</em>
=8% × 164,000
= $13,120.00
Principal payment = $40,635 - 13,120 = $27,505.00
Principal payment = $27,505.00
Answer:
cash flow on total assets ratio = 4.8 %
so correct option is a) 4.8%
Explanation:
given data
net cash flows = $120,000
total cash flows = $500,000
average total assets = $2,500,000
to find out
cash flow on total assets ratio
solution
we get here cash flow on total assets ratio that is equal to
cash flow on total assets ratio = Operating cash flow ÷ Average total assets ..................1
put here value we get
cash flow on total assets ratio = 
cash flow on total assets ratio = 4.8 %
so correct option is a) 4.8%
Payday Lender isn't a bank.
Don't forget to add the answers next time