Jennifer’s monthly lease payment is $312. 06, if the lease contains a 9% interest rate for 36 months with a residual value of 57%.
<h3>What is a lease?</h3>
A lease is a contract drafting the phrases under which one party decides to rent property owned by another party.
<u />
<u>Computation of</u><u> monthly lease payment</u><u>:</u>
According to the given information,
Residual Value:
Car Value:
Monthly lease Payment:
Interest :
Therefore, monthly lease payment:
Therefore, option D is correct.
Learn more about the lease, refer to:
brainly.com/question/15827905
The statement in the question is : FALSE
<h3>What is a step-variable cost ?</h3>
A step variable cost is a type of cost that varies with the level of activity, but is incurred at discrete points and it involves large changes. Hence If the steps in a step-variable cost behavior pattern are large, the step variable cost function cannot be approximated by a variable cost function without loss in accuracy because the variable cost behavior pattern is directly proportional to the variable cost function.
Hence we can conclude that The statement in the question is : FALSE
Learn more about step-variable cost : brainly.com/question/17061986
#SPJ1
Answer:
Explanation:
Share repurchased = 176,000/ 32 = 5,500
Value of Equity = (52,000 - 5,500) x 32 = 1,488,000
Value of debt = 176,000
Debt Ratio = 176,000/ (176,000 + 1,488,000) = .10576
Leslie needs to reduce its investment in the firm by 10.576%
Leslie will sold stocks = .10576 x 500 = 53 shares
Therefore, Leslie need to Sell 53 shares and loan out the proceeds.
Answer:
The futures price of the C$ should be 0.82/C$.
Explanation:
Let:
rUS = Risk-free rates in the United States = 5%
rC = Risk-free rates in Canada = 3%
S = Spot exchange rate = $0.80/C$
Since the rUS is greater than rC, we have:
Future price of C$ = S + ((rUS -rC) * S) = 0.80 + ((5% - 3%) * 0.80) = 0.80 + (2% * 0.80) = 0.80 + 0.016 = 0.816, or 0.82
Therefore, the futures price of the C$ should be 0.82/C$.
