Mike purchases a bicycle costing $176.90. State taxes are 4% and local sales taxes are 3%. The store charges $20 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)
Q: Which type of bond is likely to pay a coupon payment that is varying (i.e. it changes over time) ? O…
A: STRIPS means Separate Trading of registered interest and principal securities. These are debt…
Q: 2. What are the major factors involved in determining how much life insurance coverage a person or…
A: Life insurance is a contract in which an insurance company commits to pay a set sum following the…
Q: Can someone elaborate the step by step solution on this? I am somehow uncertain about the step by…
A: Future Value F is 270 Present Value P is 250 Time period is 90 days Number of days in a year are 360…
Q: end of the 10 year period? 3)An annuity is created by depositing $4,500 at the end of each quarter…
A: Future Value of Annuity: It represents the future worth of the present stream of cash flows. It can…
Q: Required: a. How much would it cost to purchase if the desired put option were traded? (Do not round…
A: Value of share = $110 It can increase by 5% or decrease by 5% T-bill rate or risk-free rate = 4% If…
Q: be greater than 40.00. The risk-free rate is 4%. Calculate the price of a one-year European call…
A: European call can be exercised on the expiration of call option unlike the American call option…
Q: Mint Industries has a target debt-equity ratio of 0.60, a cost of equity of 10%, and one issue of…
A: WACC of the company is calculated as sum of weighted cost of capital of each source
Q: A credit card has a 21.99% APR, a minimum monthly payment of 3.15%, and a current monthly statement…
A: A credit card is a pay later facility provided by the banks to its customers. Banks charge interest…
Q: You have $19,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of…
A: Here, Stock portfolio = $19,000 Stock X return = 15% Stock Y return = 10% Expected return of the…
Q: On December 31, 2021, Vaden Corporation had the following account balances related to credit sales…
A: Concept. Adjusting entry to be passed for adjusting and estimating bad debt expense is :- Bad debt…
Q: We must evaluate a proposal to buy a new milling machine. The purchase price of the milling machine,…
A: Projects cash flows at year 0 will be the sum of the following Cash flows year 0 =Purchase price…
Q: What is the IRR for this project cashflow?
A: IRR (Internal Rate of Return): It is the rate at which the NPV (net present value) of an investment…
Q: The employee credit union at State University is planning the allocation of funds for the coming…
A: Given: Loan Annual return Automobile loans(A) 9% Furniture loans(F) 11% Other secured…
Q: Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed…
A: The purchasing power of a currency is it's worth stating in terms of the number of products or…
Q: eligible for redemption before it is due to b
A: A callable bond, also known as a redeemable bond, allows the issuer to redeem it before the maturity…
Q: The mound-shaped yield curve in the figure above indicates that short-term interest rates are…
A: Yield Curve: It is a graph depicting how the interest rates (yields) on debt instruments like bonds…
Q: Capacity Use and External Financing. If Growth Industries from Problem 13 is operating at only 75%…
A: Given: Particulars Amount Liabilities $10,000 Net income $31,600 Sales $200,000 Total…
Q: w/ ル 16 AaBbCcDc AaBbCcDc AABBCC AABBCCC A 1 Normal 1 No Spac... Heading 1 Heading 2 , 三 Paragraph…
A: Ratios are given as follows for 2 years: 2018 2017 Current Ratio 4.26470 4.82510 Acid test…
Q: Which type of bond is likely to pay a coupon payment that is varying (i.e. it changes over time) ?…
A: The Correct Option is 'B. TIPS'
Q: answer ed is coming back incorrect please help
A:
Q: Can you please help me solve for the Return on Investment and Break-Even Point based on the data…
A: Return on Investment measures of the performance of an Investment. It tells us the return we have…
Q: You own a portfolio that has $3,000 invested in Stock A and $4,100 invested in Stock B. Assume the…
A: The expected return on portfolio is calculated as weighted proportion of stock multiplied by the…
Q: FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months…
A: Financial budgets ae prepared by corporate entities for making financial plans and policies for the…
Q: Cummings Products Company is considering two mutually exclusive investments whose expected net cash…
A: Given, The net cash flows of Cummings Products Co. is as follows: Expected Net Cash Flows…
Q: wo investments A and B with the sequences of cash flows given in the table below. a icen to viow the…
A: Cash flow shows the inflow and outflow of cash in a particular period of time. It signifies the…
Q: last un Your answer must be correct to exactly 4 decimal places and must not include the percent…
A: Internal Rate of Return (IRR): It is the rate at which the net present value of an investment or a…
Q: payment on a house. If you can invest your money at 3.25% compounded month, what payment would have…
A: Future Value of Annuity: It is the future value of the present cash flow stream and is estimated by…
Q: ease help me determine the IRR of my MBA. The cost is $35,000. I am on scholarship so the degree has…
A: IRR is internal rate of return at which initial investment is equal to the present value of cash…
Q: A loan of $14,000 with interest at 12% compounded quarterly is repaid in 8 years by equal payments…
A: Loan Amount = $14,000 Interest compounded quarterly = 12% Calculating interest for semi-annual…
Q: how did you get 70% in part b
A: Capital structure is a combination of Equity and debt used to invest on a firm's assets and…
Q: Suppose your fiem is considering investing in a project with the cash flows shown below, that the…
A: The NPV is calculated as present value of cash inflows minus initial cost. If the NPV of the project…
Q: Expenses 37,575 30,82 ome 556,425 390,1:
A: Since in the given case, we have concluded on the basis of given information about the investment…
Q: If the required return on this stock is 16 per cent, what is the current share price?
A: The stock can be valued using the Gordon Dividend model. As per the Gordon model, the value of a…
Q: The Everly Equipment Company's flange-lipping machine was purchased 5 years ago for $40,000. It had…
A: Amount of the initial cash flow at Year 0. The incremental net cash flows that will occur at the…
Q: You believe the price of Freeze Frame Co. stock is going to fall, so you short 1,000 shares at a…
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: Sugar Sweet (SS) Company produces and sells 7,000 specialty Treats per year at a selling price of…
A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Anna is buying a house selling for $265,000. To obtain the mortgage, Anna is required to make a 10%…
A: Data given:: Selling price of house = $265,000 Down payment = 10% N= 30 years Interest rate =5%…
Q: J&R Renovation, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding…
A: a) Pre Tax cost of debt: Interest rate found out using Financial Calculator N = 14 * 2 = 28 PMT =…
Q: The table presents 2019 data from the national income and product accounts of the U.S. A. Which…
A: The Expenditure method: GDP = Personal Consumption + Gross Private Investment + Government's…
Q: A В C D Php Php Php Php First cost 24,000 30,000 49,600|52,000
A: Given,
Q: Compute the expected return, variance, and standard deviation of the following assets. Show the…
A:
Q: ind pays no dividends. One year from now, there is a 50% (risk-neutral) probability that the stock…
A: European call can be exercised only on expiration unlike American call that can be exercised any…
Q: Term policies provide a O death benefit and a savings component. O death benefit only. O savings…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: 3. Mr. Francis worked on a regular holiday that falls on his rest day. He rendered 12 hours of…
A: Overtime hours = 12 Hourly rate = P 125
Q: Lindsay is 25 years old and has a new job in web development. She wants to make sure that she is…
A: Time Period in Retirement is 30 years Investment Amount per year is $12,000 Interest Rate is 11%
Q: The trend for cost of goods sold is it is decreasing as a percentage of sales and the trend for…
A: Correct answer is option 2.
Q: sorry I meant answer e4 is coming back incorrect
A:
Q: QUESTION 3 Suppose you deposit $2,500 in a CD paying 8% interest, compounded every other month. How…
A: Time value of money (TVM) is used to measure the value of money at different point of time in the…
Q: 7. 2016 2015 Industry DR 29.0% 33.5% 43.3% TIE 6.6x 2.6x 4.0x What is your…
A: The ratios are used in relative valuation of entity which is done with the help of industry average…
Q: a hypothetical financial instrument pays 10% annual interest permanently. It pays interest at the…
A: Here, Annual interest rate = 10% YTM = 12% monthly To Find: Part a. Macaulay duration =? Part b.…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Mike purchases a bicycle costing $156.90 State taxes are 5% and local sales taxes are 3%. The store charges $20 for assembly. What is the total purchase in dollars round your answer to the nearest cent? Mike purchases a bicycle costing $176.90. State taxes are 5% and local sales taxes are 3% the store charges $20 for assembly. What is the total purchase price in moneyRandy buys a lawn tractor costing $935.90. The store charges $35 for assembly and $30 for delivery. State taxesare 4% and local sales taxes are 2%. What is the total purchase price? (Round your answer to the nearest centif necessary) Group of answer choices $1,060.95 $1,057.05 $1,040.94 $1,000.90
- Eva purchases a bicycle costing $170.95. State taxes are 5.6% and local sales taxes are 2.2%. The store charges $40 for assembly. What is the total purchase price? (Round your answer to the nearest cent.) A. $220.52 B. $224.28 C.$227.40 D.$235.24Mike purchases a bicycle costing $156.90 sales taxes are 5% and local sales taxes are 3%. The store charges $20 for assembly. What is the total purchase price in dollars round your answer to the nearest cent? The answer the guy gave me before was $189 it was incorrect. Tom went to the store and bought two shirts for $50 each, socks for $10 and pants for $30. If the sales tax was 6%, what was the total purchase price? Round to the nearest cent (two decimal places). Your answer will look like this: 50.25 For your answer, do NOT include words, symbols, commas, etc.
- You purchase a backpack for $24.95, a calculator for $34.55, and a notebook for $1.50. If the sales tax rate is 12%, how much will you pay in total including tax?If your buying a car from a car dealership for $80,000 & the car dealership is giving you $19,000 for the trade, $495 Pre-Delivery fee, Tax Title License comes out to around $4,322.19, and payoff of $18,500 you would come to a out the door (financed) $83,974. Can you explain how he got those numbers in detail? And how much is Tax, Title, and License? If Sales Tax: 6.25%Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package, and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38 small packages and 22 large packages. A. What is the total tax charged to the customer per small package? What is the overall charge per small package? B. What is the total tax charged to the customer per large package? What is the overall charge per large package? C. How much sales tax liability does Stork Enterprises have for the month of May? D. What accounts are used to recognize this tax situation for the month of May? E. When Stork remits payment to the sales tax governing body, what happens to the sales tax liability?
- Mark purchases a new television that is on sale for 40$ off the regular retail price if the retail price is 679, what is the final cost including a 7% sales tax? Round ya answer to the nearest centA student is buying a new car for$37,000. The sales tax is6%. Title, license, and registration fee is$1250to be paid in cash. The dealer offers95%financing for 48 months at a rate of9%per year compounded monthly. Use both, the tables, and a spreadsheet to calculate each answer.(a) How much cash is paid when the car is purchased? b) How much is the monthly payment?Mrs. Tannenbaum is going to sell Christmas tree lights for $40 a box. The lights cost Mrs. Tannenbaum $10 a box and any unsold lights can be returned for a full refund. She is planning to rent a booth at the upcoming Happy Holidays Convention, which offers three options: 1. paying a fixed fee of $3,000, or 2. paying a $1,000 fee plus 10% of revenues made at the convention, or 3. paying 25% of revenues made at the convention. Which of the following statements is FALSE? Her decision will determine the risk she faces. Contribution margin will vary depending upon the option chosen. One of the options will allow Mrs. Tannebaum to break even, even if she doesn't sell any lights. Operating income will be the greatest for Option 3.
