Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops. The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of 4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost and he makes a 30 % net profit based on cost. a. Find the last date to settle the invoice. If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay. b. Determine the selling price and breakeven price for each unit. с.
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- Fatin buys a new café furniture worth RM 9,200. She receives an invoice dated 19 April 2021 with trade discounts of 8% and 2 %. She is offered cash discount terms of, 15/10, n/30. Determine a) the amount she needs to pay on 28 April 2021 b)the amount outstanding if she pays RM 4000 on 25 April 2021.Farouk bought an electric appliance through an instalment plan which he paid RM200 down payment. He had to make 12 monthly payments of RM120 each month to settle the unpaid balance. If the dealer charged him an interest of 5% per annum on the original balance, find the cash price of the item.Mr. Flores made a money market placement of P1, 000.000 for 30 days at 7.5% per year. If the withholding tax is 20%, what is the net interest that Mr. Flores will receive at the end of the month? Ans. Net Interest = P5, 000 A bill for a motorboat specifies the cost as P1, 200 due at the end of 100 days but offers a 4% discount for cash in 30 days. What is the highest rate, simple interest at which the buyer can afford to borrow money in order to take advantage of the discount? Ans. r = 21.4% The monthly demand for ice cans being manufactured by Mr. Sison is 3,200 pieces with a manually operated guillotine, the cost cutting price is 25 pesos per piece. An electrically operated hydraulic guillotine is offered to Mr. Sison with the price of 275,000 pesos and which will cut by 30% less the unit cutting cost of money. How many months will Mr. Sison be able to recover the cost of the machine if he decides to buy now. Ans. 11.5 months
- Andrea is buying a house for $190,000. She plans to make a 18% down payment. Closing costs include $750 for 66 months of homeowners insurance, $1150$ for 66 months of property tax, $100 for the title fee, and $450 in transaction fees. Andrea also agreed to pay two points in exchange for a 0.5% reduction in interest rate. Determine the amount of money Andrea needs to cover closing costs. Round your answer to the nearest cent.Soledad receives a bill for P18,000 dated July 7 with terms 6/15, 4/30, n/60. What cash discount will she received if she pays (a) in 15 days; (b) on the 25th day; and (c) on the 40th day? Round to the nearest centavoMr. Anton received two offers for the old equipment he is selling. Mr. Brando will pay P6,500 in cash. Mr. Castilla will pay P7,000 consisting of a down payment of P1,000 and 12 monthly payments of P500. If the instalment interest rate is 24% compounded monthly, which offer should Mr. Anton accept?
- Lee purchased a laptop and promised to pay P2500 every month for 2 years, beginning on the date of purchase. The seller figured interest at 3% compounded monthly. After making 8 payments, Lee wished to discharge his remaining indebtedness by a single payment at the time when the 9th regular payment was due, how much must he pay to the regular payment then due? Show complete solution and formula used. Write it on a piece of paper, don't type it.Brianna is buying a house for $130,000 . She plans to make a 12% down payment. Closing costs include $550 for 6 months of homeowners insurance, $1050 for 6 months of property tax, $150 for the title fee, and $400 in transaction fees. Brianna also agreed to pay three points in exchange for a 0.75% reduction in interest rate. Determine the amount of money Brianna needs to cover closing costs. Round your answer to the nearest cent.Anna purchases a smartphone for P28,000. She makes a 15% down payment and agrees to repay the balance in 12 monthly payments. If the finance charge on the balance is 7.5%, estimate the annual percentage rate.
- Juan bought a cellphone with a cash value of P17500 on the installment plan under the following terms: P4000 cash upon delivery and the balance payable in 12 equal monthly payments, each payment combining an amortization installment and 6% monthly interest on the previously unpaid balance. (a) solve for each monthly payment. (b) at the end of 8 months, he was forced to sell the cellphone in order to pay a P7,000 debt. At what price must he sell his cellphone so that he can completely pay the cellphone and also pay his P7,000 debt.?On January 1, 2021, Lumberjack Co. needed to purchase a new log jammer; however, due to cash flow problems Lumberjack will not be able to make payments on the jammer until January 1, 2025. Lumberjack could buy the jammer on January 1, 2021 for $120,000 cash but instead has agreed to make 3 equal annual payments beginning January 1, 2025. The seller expects to earn interest at a rate of 8%. Calculate the annual payment if Lumberjack purchases the jammer on January 1, 2021 and pays for it by making three equal annual payments starting on January 1, 2025A merchant buys a bill of goods requiring the payment of 1500php at the end of 180 days. He is offered a 5% discount for cash in 30 days. What is the highest rate at which he could afford to borrow money in order to take advantage of the discount?