Fi560

According to the conditions above, what should their monthly payment be? If Kelsey and Cody do not send their payment in on time, what will the following month’s payment be?

A health insurance policy pays 65 percent of physical therapy cost after a $200 deductible. In contrast, an HMO charges $15 per visit for physical therapy. How much would a person save with the HMO if they had 10 physical therapy sessions costing $50 each?

Assume the debt is due. Given that Lang has $6000 in stockholders' equity; can the company repay the creditors at this point? Why or why not?

d. The Johnsons own a rental home. They incurred $8,500 of expenses associated with the property.

Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70,000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross income.

| |finance the balance. How much will each monthly loan payment be if they can borrow the necessary funds for 30 years at 9% per |

1. A condo in Orange Beach, Alabama, listed for $1.4 million with 20% down and financing at 5% for 30 years. What would the monthly payment be?

My love affair with fashion started years ago, but over these past 2 years it has grown into something so beautiful. Fashion made it’s grand entrance in my life when I was looking over a Chanel catalog along with a few other designers. For example; Vera Wang, Louis Vuitton, Christian Dior, Marc Jacobs, Phoebe Philo, and many more. The designs caught my eye and I was just mesmerized by it all. It literally took my breath away! I always told myself and my family that I will grow to be an amazing fashion designer and sell beautiful, elegant clothing known to man. A worldwide known designer.

21. Earl Miller plans to buy a boat for $19,500 with an interest charge of $2,500. Earl figures he can afford a monthly payment of $650. If Earl has to pay 36 equal monthly payments, by how much can he afford the boat per month?

1) Establish the principal and interest amount of the monthly payment. Using the 30 year loan principal and interest amount of the payment is $1,150.92

2. The marketing plan to increase donations by 15% will work perfectly so that other expenses will decrease by 15%.

For lines 6 and 10 of the schedule we determined that deducting 90% of Jack’s stated amounts was appropriate because he already deducted the other 10% on Form 8829. For Line 16 we determined based on research that the Atlanta Symphony was a for-profit enterprise and as such his contribution to the organization is not deductable.

8. If you want to purchase a home. You have $15,000 to put down. All you can afford is $1,500.00 per month and you do not want to finance for more than 15 years @ 6% interest, (your taxes will be $85.00 per month and insurance $200.00 a month), what is the amount you can pay for your home? (Show all your work)

The capitated managed care agreement with the city allows the hospital to receive $250 per month per family for taking care of the 300 city employees and their families, whether they are sick or not. Utilizing the full cost method, the hospital incurs a profit loss of $51,898,395, meaning that a rate increase of $14,166.22 is required in order to cover the full cost for the year. When applying the differential cost the hospital also incurs a profit loss of $15,119, and a rate increase of $3,949.72 is required in order to cover the differential cost for the year.

Natalie estimates that all of her baking equipment will have a useful life of 5 years or 60 months and no salvage value. (Assume Natalie decides to record a full month’s worth of depreciation, regardless of when the equipment was obtained by the business.)