Determine the revenue of K's dealership.
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The official cash sale price (from the K-car dealership) of a car is 30.000 €. Due to the economic crisis, K decides to to sell its cars for the first half of 20X7 on interest-free credit. Ο The customer will pay the price in three equal annual instalments of 10 000 €. The instalments are payable at the end of each year. On 1/1/20X7, K sells to the company L a car. The interest rate at which K would have charged an independent financial transaction with L is 7%. Determine the revenue of K's dealership.
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- Grummet Company is acquiring a new wood lathe with a cash purchase price of $80,000. The Wood Master Industries (the manufacturer) has agreed to accept $23,500 at the end of each of the next 4 years. Based on this deal, how much interest will Grummet pay over the life of the loan? A. $94,000 B. $80,000 C. $23,500 D. $14,000Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?A car dealer advertises the sale of a car model for a cash price of P280,000.00. If purchased on installment, the required down payment is 15%, and the balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be the required monthly payments?
- To increase its sales, a wholesale company offers its customers a promotion that consists of paying only 30% of the value of the merchandise at the time of delivery and 2 payments of 20 thousand pesos each at 90 and 180 days. If the compound interest rate is 11.45% per year with daily compounding, what is the cash value of said commodity?A store manager plans to exchange his old computer at the end of four years for a newer one worth P150,000. The trade in value of the old computer at that time is estimated to be P4,000. If money can be invested at 12% compounded quarterly, how much must the manager invest at the end of each quarter in order to make the exchange?Because of the peso devaluation, a car costing P150,000 is to be purchased through a finance company instead of paying cash. If the buyer is required to pay P40,000 as down payment and P4,000 each month for four years, what is the rate on the diminishing balance?
- A student is buying a new car. The car’s price is $37,500, the sales tax is 6%, and the title, license, and registration fee is $1250 to be paid in cash. The dealer offers to finance 95% of the car’s price for 48 months at a nominal interest rate of 9% per year, compounded monthly. (a) How much cash is paid when the car is purchased? (b) How much is the monthly payment?One agency offered a customer a new car for a down payment of $ 35,200.00 and 60 biweekly payments of $ 4,260.76 each. If an interest rate of 7.32% per month compounded biweekly is charged, Calculate the cash value of the car.A car is to be purchased in monthly payments of P17,000 for 4 years starting at the end of 4 months. How much is the fair market value of the car if the interest rate used is 12% converted monthly and down payment is 65,000? __13. How many artificial payments is given? A. 3 B. 4 C. 7 D.8
- Lola's Furniture is offering a "houseful of furniture" for $9,999. Furthermore, if you make a down payment of $999 you can wait for 1½ years to pay the $9,000 balance. If Lola's Furniture immediately sells the $9,000 receivable contract to the Barzini Finance Group at a discount rate of 18% compounded quarterly, how much money will Lola's actually receive for the "houseful of furniture"?Moonlight Industries just signed a sales contract with a new customer. JK will receive annual payments in the amount of $50,000, $96,000, $123,000, and $138,000 at the end of Years 1 to 4, respectively. What is this contract worth at the end of Year 4 if the firm earns 3.75 percent on its savings? Can the excel and calculator solution be provided?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
