Rasheed is contemplating whether to buy a mem bership for a trampoline park, which is $50 a year. As a member, Rasheed receives a 15% discount on jump tickets. If the nonmembership price for a jump ticket is $12 per hour, for how many hours does Rasheed need to jump in order for the cost of the membership to be less than the total cost of buying jump tickets at the nonmembership prtce?
Q: Barry wants to re-model the store that he has for his business. His cousin Diego agrees to give him…
A: An agreement which carry terms and condition of loan is called loan agreement (LA). LA is written…
Q: Seiko's current salary is $98,500. Her marginal tax rate is 32 percent and she fancies European…
A: Solution- Particulars Salary at idaho office supply inc Car Dealer offer Seikos salary…
Q: Hannah Byers and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: The break-even analysis, also known as the break-even point analysis, refers to the point at which…
Q: Chuck Ponzi has talked an elderly woman into loaning him $50,000 for a new business venture. She…
A: Using loan amortization table to find the cashflow and installment payment. Using excel pmt function…
Q: Fred decides to buy a poodle print. A poodle print is bought for 60 monthly payments of $80. What…
A: Present Value = Annuity * PVAF ( Monthly rate, Number of Months )
Q: If Jill’s salary increases at a 6% uniform rate per year, and she continues to invest 5% of it each…
A: The present value of annuity is computed by discounting the future payments using the specified…
Q: Fred is considering three job offers in advertising. • Afull-time position as a coordinator that…
A: Introduction Gross monthly income is the earnings before any deductions or taxes are taken out,…
Q: Carol has joined an employees’ savings plan. She has $200 withheld monthly from her paycheck and…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: To compute the number of pupil required to earn a profit of $5,000, Fixed and the variable cost is…
Q: Fred is considering three job offers in advertising. • A full-time position as a coordinator that…
A: Gross income is the total earning a worker earns during a time period. However, there are certain…
Q: To travel to his new job, Hassan is shopping for a new vehicle, and has noticed that many vehicle…
A: Loan is an agreement between two persons as lender (who gives money) and borrower (who takes money)…
Q: Rookie Cookies wants to rent a new bakery space to operate their business at $10,000 a year for the…
A: Net present value is the present value of cash inflows less Present value of cash inflows. It is one…
Q: oe sends a check for $218 to the University by July 1 of every year to cover the cost of two tickets…
A: Cost accounting: The process adopted for the calculation of the total cost of production for the…
Q: Maria is a divorce attorney who practices law in San Francisco. She wants to join the American…
A: Here, Details of First Part: Details of Second Part:
Q: An Architect graduate and decides to buy a Ford Raptor. He has been advised that his monthly…
A: Monthly income = $2000 Total monthly expense allowed = 35% of $2000 = $700 Maximum monthly car…
Q: Renz has P 50,000 cash for his tuition fee payment for one semester. The university requires on 20%…
A: Introduction:- Renz has P 50,000 in cash to cover one semester's college fees. For his full load of…
Q: Karl Yates needs $9,000 to pay for the remodeling work on his house. A contractor agrees to do the w…
A: The today value of future amount is the equivalent amount based on time period and interest rate…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: Hi there, Thanks for posting the question. But as per our honor code, we should answer the first…
Q: Helen Grahan is planning an extended sabbatical for the next 3 years. She would like to invest a…
A: Discounting the value of future cashflows provides the present value.
Q: Ali is a student at the University. He recently purchased a car for OMRS, 000 to use it for going to…
A: Financial Management: Financial management comprises of two words i.e. Finance and management.…
Q: Fred Balm has agreed to work for the Cadenford Foundation at a total annual salary of $58,000. He is…
A: Deductions are described as those amounts which the taxpayer can reduce from the gross income. These…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: In this we have to calculate present value FACTOR annually and find out the period.
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: Given Information: Cost of renting the pool : $1,700 Charges for admission, towel service, and life…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: In this we have to present value of annual membership fees and compare with one time payment.
Q: Fred is considering three job offers in advertising. A full-time position as a coordinator that…
A: The after tax income of an individual is calculated by deducting the paid taxes from the income for…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: Given: Payment, PMT = $750 Rate of Interest, r = 7.9% Present Value, PV = $8,000 Future…
Q: Fred is considering three job offers in advertising. • A full-time position as a coordinator that…
A: For the calculation of net monthly income, let's calculate the monthly gross income as below:-…
Q: Robin has taken out a loan for $485,000 from Mammon Financial, Inc. that provides pay off the…
A: in this problem we have to find out present value FACTOR and from that we can find out period…
Q: Amy Martin is a student who plans to attend approximately four professional events a year at her…
A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…
Q: Bob is considering buying a small shop on Vancouver Island. He has found a small shop with a…
A: The total resources allocated to a new venture investment under progress is known as the initial…
Q: A high school graduate has to decide between working and going to college. If he works, he will work…
A: Net Present Value is the difference between the present value of cash inflows and cash outflows.
Q: Lense is buying new furniture at Discount Furniture Mart because they are offering to finance her…
A: The interest paid will be the total amount paid over 24 months less the bill amount.
Q: Fred is considering three job offers in advertising. A full-time position as a coordinator that…
A: Gross is the income ,which a person get without deduction of tax,social security tax, medicare tax…
Q: Daryl purchases $250,000 worth of life insurance at a rate of $15 per $1000. If he pays quarterly,…
A: When a person Purchases or sells Property , property taxes are paid. Life Insurance is a contract…
Q: Petrogazz convinced Mae Luna to play for their volleyball franchise for 3 seasons. They offered the…
A: Present worth of the amount refers to the current worth of the future expected amount which is to be…
Q: Carol has joined an employees’ savings plan. She has $200 withheld monthly from her paycheck and…
A: Money in account after 3 years. Since the company contribution will not become available till at…
Q: Amanda must decide to buy or lease a car that she has selected. She has negoiated a purchase price…
A: Given information: Purchase price is $35,000 Down payment $3,000 Paying monthly $751.68 for 48…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: We need to apply the concept of time value of money. The concept states that money today has more…
Q: On December 15, Judy wrote a letter to David stating that she would sell to David all of the…
A: The remedies for the buyer are as follows: At the time the contract was breached by the seller, a…
Q: Brianna is buying a house for $190,000. She plans to make a 14% down payment. Closing costs include…
A: Closing costs The amount of fees that are paid on the closing of the real estate transaction.
Q: Maria is a divorce attorney who practices law in San Francisco. She wants to join the American…
A: Given: Particulars Amount Amount(PMT) $500 Present value(PV) $4,500 Rate 8.50%
Q: Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to…
A: Definition: Differential analysis: Differential analysis refers to the analysis of differential…
Q: Andres is offered a job as manager of a health club. The job will pay $3,100 per month, paid…
A: Job Value refers to basic emoluments plus monetary value all additional benefits that an employee…
Q: Floyd owns an antique shop. During the year, he and his wife, Amanda, who works as a real estate…
A: Solution:- Calculation of the amount can Floyd and Amanda deduct as travel expense as follows:-…
Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…
A: Given information: Annual payments of $750, Present value is $8,000 Annual interest rate is 7.9%
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: Break even point represents that level of sales at which organization is neither earning any gain…
Total cost of membership price = Total cost of non-membership price
Let hours needed = h
50 + (12 x 85% x h) = 12h
50 + 10.2h = 12h
1.8h = 50
h = 50/1.8
= 27.8
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 13. Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 8 years? PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =Suppose your expenses for this term are as follows: tuition: $12,000, room and board: $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? $13,500 $20,000 $24,000 $30,500Mrs. 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.
- Richy has P50,000 cash for his tuition fee payment for one semester. The university requires only 20% down paymentfor his full load subjects. His friend, Richdin, has the same amount of money for the same purpose. However, their friendDirich, after enrolling the same number of units revealed that he invested the remaining money to his aunt who would pay5% interest per month for 5 months after paying the 20% down payment. He is planning to pay the balance at the end ofthe semester with 10% surcharge based on the unpaid balance. Assume that Dirich’s aunt is close to Richy and Richdinand trying to convince them to do the same like what Richdin did.1. What would you recommend to Richy and Richdin?2. Give two quantitative techniques you could utilize.3. Justify your answers.Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for four years, she will receive a bonus of $5,000. With an annual discount rate of 7%, calculate the value today of receiving $5,000 in four years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)Xavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $8 per painting. Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would be the new annual breakeven revenue (in dollars) if he continues to sell his pieces for $15?
- Don't use pen or paper A student leaves her job for a year to attend college. The job pays 10,000 a year. After returning to work with the extra training her wage increases by 10% and she stays employed for 10 years and wages remain unchanged. The cost of the course was 500 and the discount rate is 5%. What is the net present value of the extra income the student will warn from going to college over her lifetime?6. Boilermaker Design, Inc. (BD) has an employment contract with its newly hired CEO. The contract requires a lump sum payment of $5 million be paid to the CEO upon the successful completion of her first three years of service. BD wants to set aside an equal amount of money at the end of each year to cover this anticipated payment and will earn 8% on the funds. How much must BD set aside each year for this purpose?Meg O’Byte wants to buy a new computer for her business for Internetaccess on a cable modem. The computer system cost is $5,100. The cablecompany charges $200 (including the cable modem) for installation and hasa $50 a month usage fee for businesses, paid at the end of the month. Megexpects to buy the system with a $100 down payment, financing the balanceat 8 percent over the next 4 years. She will sell the computer for $1,000when she upgrades. She expects a $500 a month increase in cash flow and isin the 25 percent tax bracket.a. The start-up costs are __________________.b. The PVC is __________________.c. The PVB is __________________.d. The monthly payment for the computer is __________________.
- An engineer changed jobs and is signing up for benefits. The company 401(k) includes a low-cost fund that is expected to earn 5.3% annually. The engineer’s employer will contribute up to 2% by matching half the employee contribution. So she will save at least 4% of her salary of $80,000 into the account. She expects her salary to increase 2.5% per year. What is the value of the account after 15 years if she deposits the 4% minimum?Amanda must decide to buy or lease a car that she has selected. She has negoiated a purchase price of $35,000 and can borrow money from her credit union by putting $3,000 down and paying $751.68 per month for 48 months at 6% APR. Alternatively, she could lease the car for 48 months at $495 per month by paying $3,000 capitalized cost reduction and a $350 dispostition fee on the car whic is project to have a residual value of $12,100 at the end of the lease. 1. What is the buying dollar cost? 2. What is the leasing dollar cost?Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)