Answer:
$11880
Explanation:
Given that:
In a local Honda Dealership;
Last year, your dealership earned a record profits of $1.5 million
according to the local Chamber of Commerce, your earnings were 10 percent less than either of your competitors.
The Price Elasticity of demand E = - 4.5
Marginal cost of a midsized automobile = $11,000
Let assume that In your market, you compete against two other dealers
From The above given data , the objective is to determine the What price should you charge for a midsized automobile if you expect to maintain your record sales.
So; in order to achieve that ; we consider the scenario of an Oligopoly market by using the markup formula for homogeneous product Cournot Oligopoly which can be represented as:
P = 1.08 × 11000
P = $11880
Hence. the price you should charge for a midsized automobile if you expect to maintain your record sales is $11880
Answer:
$1,302,000
Explanation:
To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000
The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.
Answer:First and last months rent
Explanation:
Answer:
$7,626.05
Explanation:
Future value of annuity = PMT*[((1+r)^n - 1) / r]
$750,000 = PMT * [((1+0.10)^25 - 1) / 0.10]
$750,000 = PMT * [9.8347059/0.10]
$750,000 = PMT * 98.347059
PMT = $750,000/98.347059
PMT = $7626.05417616
PMT = $7,626.05
So, Mr. Hopper need to put $7,626.05 into his retirement fund each year in order to achieve the goal.
Answer: $337,800
Explanation:
Cashflow is constant so is an annuity.
The Present value of the Investment;
= Present Value of Cashflow - Investment cost
= (220,000 * Present value interest factor of an annuity, 5 years, 9% ) - 518,000
= (220,000 * 3.89) - 518,000
= 855,800 - 518,000
= $337,800
