You go nuts shopping at Target and grab items totaling $278 Tax is 3% You realize you left your 15% of Coupon in the carl It is pouring outsidel How much will you save if you go out to the cor to get the coupon
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A: Using excel NPER function
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- A company is currently offering terms of 1/10 net 45 to its customers. If the average invoice is $200,000, and the company's cost of capital is 8%, would the company be better off if their customers take the discount or not? answer choices: No. The seller is better off by $580 if the buyers pay on Day 45 Yes, because the seller is better off by about $580 if the buyers take the discount. No. The seller is better off by $480 if the buyers pay on Day 45 Yes, because the seller is better off by about $480 if the buyers take the discount.You are financing a car worth $26194.15 with tax included. Interest rates are 11.9% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 5 years. You have a down payment of $1274, Calculate the finance charge (interest charged on purchase). Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 1564.23 (Hint: Take the down payment off the total worth of the car including tax; this is your PVn. Then, find the monthly payment by hand using the ordinary general annuity formuls or use the TVM salver, You will need an interest conversion if you do this question by hand or Excel because we have daily interest but monthly payments, you will need a monthly periodic interest rate. Then find the total value of ALL your monthly payments (e. g., PMT x Total Number of Monthly Payments) and add this to your down payment; subtract the purchase price including tax of the car from this figure-the difference is the interest you'll…You see a TV for $1899 and the sign says 30% off. You also have a coupon for 20% off the sale price of any TV. The sales clerk says with that coupon you get a total of 50% off. Explain if she is correct. Be sure to include the cumulative percent decrease and the sale price for the TV is. The tax is 7.35%. what will the TV cost after tax?
- Energetic Company includes one coupon in each box of laundry soap it sells for P500 each. A towel costing P100 and with a selling price of P120 is offered as a premium to customers who send in 10 coupons and a remittance of P20. The following are the information available (see image below).Energetic’s experience indicates that only 30% of the coupons will be redeemed. (Do not round off during computation)How much is the Total Revenue to be recognized in 2021?ABC Co. has a credit purchase of P40,000 with terms 2/10 net 30 with its supplier. Based on past experience, ABC Co. can manage to pay on the 40t day without penalty. The management of ABC Co. is pondering whether to avail the discount or not. ABC Co. has the following options of raising cash in case it wants to avail the discount:A. Convert its short term investments which is currently earning 14% per year. Transaction cost is estimated at 2%.B. Obtain a P40,000 discounted loan from PI which offers a discounted loan for 20 days at a cost of P320.IF the management makes the right decision, how much is the least possible cost(expressed in % to be incurred related to the trade credit?You are buying a car for $16,995; you are going to put down $6,500; balance to finance: $10,495 in 84 payments at 3.95% APR. Calculate how much you will ultimately pay for the unit?
- 3.- The Company Surteco sells 10.000 units of their wrapped moluldings for 1.5€/unit, per year. They are offering 3/10, n30, and the discount is taken by 40% of the customers. What is the total value of the Accounts receivable? In order to gain market share against Lamidecor, their competitor, they are thinking about offering 4/5,n45. What is now the new value for accounts receivable if the % of discount taken is still 40%?you bought that 10,000 par treasury bill at $9,936.25 and sell it 90 days later for $9,975 waht was your EAR? shower you work!1. Sebastian Company includes one coupon in each box of hotcake mix it sells. A spoon isoffered as a premium to customers who presents 10 coupons and a cash remittance ofP10.00.Cost of distributing the premium is P5.00. Experience indicates that only 30% of thecoupons will be redeemed 2020 2021Boxes of hotcake mix sold 2,000,000 2,500,000Number of spoons purchased at P50 each 50,000 80,000Coupons redeemed 400,000 700,000Required:a. Compute for the premium expense for the year 2020b. Compute the estimated premium liability on December 31, 2020c. Compute for the premium expense for the year 2021d. Compute for the estimated premium liability on December 31, 2021
- Kelly Robins is considering purchasing a usedautomobile. The price including the title and taxes is$15,455. Kelly is able to make a $2,455 down payment. The balance of $13,000 will be borrowed fromher credit union at an interest rate of 9.45% compounded daily. The loan should be paid in 36 equalmonthly payments. Compute the monthly payment.What is the total amount of interest Kelly has to payover the life of the loan?A store has a sale with 10 % off every item. When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price. If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent?You purchased a 270-day $1,000,000 banker's acceptance (BA) six months ago at a discount rate of 6.75%. You sell it today, with 90 days remaining to maturity, at a discount rate of 5.95%. a) What is your rate of return? Use 360-day to annualize. b) What 90-day discount rate when selling the BA today will yield a rate of return of 10% instead of the one obtained in question (a)? c) Explain why a BA is conisdered an off-balance sheet item?