Suppose that the local sales tax rate is 7% and you purchase a car for $14,600. a. How much tax is paid? b. What is the car's total cost? a. The amount of tax paid is $
Q: Betty borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year…
A: The interest rate on the loan can be calculated with the help of RATE function of Excel
Q: If the company equity ratio dropped what does that mean?
A: Equity Ratio: It represents the ratio of a firm's total equity to the total assets. The equity…
Q: Gavin and Holly purchased a $730,000 condominium in Toronto. They paid 20% of the amount as a down…
A: Price of condominium $ 7,30,000.00 Down Payment 20% Time Period 25…
Q: Why do firms hedge their risk and what determines the choice of contract for hedging?
A: Hedging is a risk management approach that involves acquiring an opposing position in a comparable…
Q: Compare the intarost earned by $8,000 for ive years at 8% simple interest with interest eamed by the…
A: In case of simple interest the interest amount is computed and payments are made only on the…
Q: A bond has a face value of $3500 and matures in 10 years. The interest rate is 7% payable semi-…
A: Face value = $3500 Coupon rate = 7% Semi annual coupon amount = 3500*0.07/2 = $122.50 Yield rate =…
Q: Calculate yields on 3-month T-bills for each of the prices in the following table and enter your…
A:
Q: A $140,000 mortgage was amortized over 25 years by monthly repayments. The interest rate on the…
A: Price of house $ 1,40,000.00 Time Period 25 Interest Rate 4.10%
Q: avestor is considering buying one of two 10-year, $1,00o face value, noncallable bonds: Bond A has a…
A: Price of a bond = sum of all present values of future cash flows from it. Cash flow from a bond can…
Q: Starbucks (Croatia). Starbucks opened its first store in Zagreb, Croatia, in October 2010. In…
A: Given, The price in Croatia is 25.66 Croatian kunas The price in New York is $2.65 Exchange rate is…
Q: You plan to deposit P100 into a savings account at the end of each month for the next 5 years. a.)At…
A: Future Value of Annuity: It represents the future value of the current cash flow stream and is…
Q: Homework3: A company produces organic products (Fertilizes) and needs to construct a building to…
A: The process of evaluating a potential project or investment is known as capital budgeting. Capital…
Q: Understanding the optimal capital structure Review this situation: Universal Exports Inc. is…
A: A company needs capital to run its business. This is raised by way of debt and equity each of which…
Q: Ricardo plans to own a 1 hectare lot after 10 years for an estimated cost of P5M. To accumulate this…
A: Amount needed initially at 10th year = P 5,000,000 Interest Rate = 15% Time Period = 10 years Extra…
Q: An unavoidable cost may be met by outlays of $10,000 now and $1,000 at the end of every six months…
A: Given Outlay = $10,000 (now) & $1,000 at the end of every 6months for 4 years.
Q: Wesfarmers (Australian MNC) has imported heavy machinery totaling USD25 million and the payable is…
A: Wesfarmers(Australian MNC) will pay USD 25 Million to BHF (US MNC) in one year Base rate is the rate…
Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…
A: 1) Solved using Financial Calculator PV = +/- 200,000 FV = 10,000 I/Y = 4/12 = 0.33 N = 16*12 = 192…
Q: Question 5 Financial intelligence is defined as O Understanding the foundation O Understanding the…
A: Financial intelligence refers to skills and knowledge acquired from understanding accounting and…
Q: Stocks A and B have the following probability distributions of expected future returns: Probability…
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: onsider Firm A and Firm B that both produce the same product. Firm A would more likely have more…
A: A firm that has higher proportion of its sales coming from various different countries is said to…
Q: Slow 'n Steady, Inc., has a stock price of $31, will pay a dividend next year of $3.30, and…
A: Required return = (Dividend next year / Stock price) + Growth rate where, Dividend next year = $3.30…
Q: b) What principal will have a maturity value of $40 000.00 at 5.25% p.a. in 4 years? Answer
A: Principal amount can be calculated as: = Amount / (1 + rate)^years
Q: eBook Problem Waltk-Through Edelman Engines has $20 billion in total assets – of which cash and…
A: Data given: Book value of common equity = $ 6 billion No. of common stock outstanding = 300 million…
Q: An insurance firm needs to make a payment of $10000 in 3 years, the market interest rate to discount…
A: Note: This post has multiple questions. The first three questions have been answered below.
Q: DEFERRED ANNUITY: (please don’t use excel) Find the present value of a deferred ammity of P760 every…
A: Present Value refers to the value of cash flows today which is to be received at some future time…
Q: Niña signs a 90-day simple discount note with a face value of P45,000 and proceeds of 43,706.25.…
A: Time period of note is 90 days Face Value of note is P45000 Net Proceeds are of P43,706.25 To Find:…
Q: Increasing a country's risk-free rate could _______ the cost of equity to an MNC in that country;…
A: The theoretical return on a risk-free investment is known as the risk-free rate of return. Over a…
Q: Consider an investor's choice of a farm unit in the Corn Belt, one in the California Central Valley,…
A: Since you have posted a multiple part question then as per the guidelines we will be solving the…
Q: Title: Comparative Financial Analysis of Megawide Market Privatization vs. Alternative Market…
A: Given, Here, we have to compare the financial analysis of market privatization and market…
Q: Company TYK forecasts that it will begin paying dividends seven years from now, at which point…
A: Price of company stock can be calculated as: = Dividend at end of year 1 / (Cost of capital - growth…
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery…
A: Here, Increase in Revenue is $120 million Expenses is $80 million per year Tax Rate is 30%…
Q: We'll be holding a fundraiser over the next 5 years. Because we'll be learning how to market the…
A: The increasing payment flow which rises proportionately for a finite period and ends after lapse of…
Q: Question 1 of 11 A mortgage for a condominium had a principal balance of $42,000 that had to be…
A: The time value of money method is used for computing the monthly payments and for finding the number…
Q: Demo Inc. currently is financed with 10% debt and 90% equity. However, its CFO has proposed that the…
A: Given: Weight of debt =10% Weight of equity = 90% Cost of debt = 10% Basic earning power = 14%
Q: a baker calculated the cost of ingredients fora bran mufTI cost.what is the selling price of a dozen…
A: The selling price is the price that the proprietor sets to ensure that they get the desired return…
Q: Please explain what is direct and indirect financing? What is the role of banks in direct c.…
A: Financing is the process of raising funds for the business activities, to meet out payment…
Q: Compute for EOQ for Company with Annual Usage of 32,000 units in 360 working days, Ordering cost of…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: he percentage rounded to two decimal places, of the total payments made the first two years that…
A: Amortization Schedule: It is a schedule consisting of the loan periodic payments, interest…
Q: An investment banker would like to receive $1,200 at the beginning of every 3 months from her…
A: Quarterly receipt = $1,200 Interest rate = 3.3% Quarterly interest rate = 3.3%/4 = 0.825% Number of…
Q: Book Co. has 1.5 million shares of common equity with a par (book) value of $1.30, retained earnings…
A: Debt and equity are the two main sources to raise the funds. Value of these securities fluctuates on…
Q: Question 2 | What conditions must exist for diversification to be an effective risk response? How…
A: Diversification is a risk management strategy or approach in which a portfolio has a diverse set of…
Q: If you thought that interest rates were going to rise in the next few months, how might this affect…
A: A down payment is the amount paid by the purchaser in the early stages of purchasing an expensive…
Q: Unilever (UK firm) would like to borrow USD, and Coca-Cola (US firm) wants to borrow GBP. Coca-Cola…
A: Interest rates of Unilever (UK firm) and Coca-cola (US firm) Borrowing needed in USD rate GBP…
Q: A $110,000 mortgage was amortized over 25 years by monthly repayments. The interest rate on the…
A: Given that: Effective annual Interest=(1+4.30%/2)2-1= 4.346225%Monthly…
Q: Use the following information to answer this question. Windswept, Incorporated 2022 Income…
A: Quick assets = cash + Account receivables = $270 + $920 = $1,190 Current liabilities = Account…
Q: QUESTION THREE You are considering purchasing a 20-year, $100, 12% coupon, bond, interest on which…
A: Face value (FV) = $100 Coupon rate = 12% Coupon amount (C) = 100*0.12 = $12 Years to maturity left…
Q: Morphosis Pty(Ltd) is an investment bank that plans to offer a bursary in five years time to one…
A:
Q: A put option in finance allows you to sell a share of stock at a given price in the future. There…
A: The question states to determine the value of the portfolio with put option and without put option.…
Q: how much money
A: The amount borrowed refers to the principal amount which is borrowed from the bank or financial…
Q: TY DUE: (please DON’T use excel) A sala set is bought for P2,500 down payment and P750 payable at…
A: Cash price today is the equivalent that is equivalent to the monthly payment and down payment that…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Suppose that the local sales tax rate is 4% and you purchase a car for $24,800. a. How much tax is paid? b. What is the car's total cost?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%
- Suppose you bought a digital camera for a total purchase price of $276.99. If state taxes were 6.2%, what was the amount of the sales tax?How much tax will be collected on a luxury item costing $12,720 if the rate is 7% on the first $10,000 and 11% on the amount over $10,000?You own an a townhome with an assessed value of $184,800. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) a) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? b) If the state charges a mandatory 3 1/2% penalty for late payments, how much (in $) would the tax bill amount to if you paid late?
- Suppose you bought a digital camera for a total purchase price of $277.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.) a. $5.40 b. $14.24 c. $15.01 d. $51.48How much would you need to pay up front for a car that sells for $13,000, with 7% sales tax, a $2,600 down payment, a $78 license and registration fee, and a first month's car insurance premium of $99?You negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies from state to statewhich gives you the total purchase price for the car at 524,255, You trade in your old vehicle for 53,000, and you benefit from a $1,000 manufacturer's rebateWhat is your adjusted capitalized cost? (round to the nearest dollar) DO NOT INCLUDE COMMAS OR
- You negotiate a car price to $ 25, 000 You must add sales tax to the purchase of 9.50%which gives you the total purchase price for the car at Type your answer here You trade in your old your vehicle for $5,000, and you benefit from a $900 manufacturer's rebateYour adjusted capitalized cost isSee the attached image for question: The manager of the ice cream shop noticed that 90% of all club members brought along a family member who spent an average of $18 in the shop. The tax on their bill was 5.5%. A, What was the total amount spent by the family members in one year?B, What would each family member have to spend, on average, to generate $5,000 in income before sales tax?C, What would each family member's average bill be with sales tax?Suppose that you decide to buy a car for $28,635, including taxes taxes and license fees. You saved $7000 for a down payment and can get a four-year car loan at 6.87%. The monthly payment is $_____ The total interest for the loan is $___________