The holding cost at a retailer is 35 percent per year. The retailer's annual inventory turns equal three. How much does it cost the retailer to hold a dress that is purchased for $50? O $22.27 O $8.75 O $5.83 O $17.50
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- A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 15.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the fourth year? O a. $107,360 O b. $149,968 O c. $190,365 O d. $105,990 O e. $148,574 A new machine is expected to save $33,400 annually in labor and energy expenses. How much can be justified for the purchase of this equipment now if the company's interest rate is 10% and the machine's useful life is 7 years? O a. $119,976 O b. $233,800 O c. $162,605 O d. $316,872 O e. $178,866If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much will he have to pay if he were to keep the money for a year on the same terms? O. $12,407 O. $6,321 O. $1,020 O. $12,941Lewis’s management has been considering movingto a new downtown location, and they are concerned that these plans may come to fruition priorto the equipment lease’s expiration. If the moveoccurs then Lewis would buy or lease an entirelynew set of equipment, so management wouldlike to include a cancellation clause in the leasecontract. What effect would such a clause haveon the riskiness of the lease from Lewis’s standpoint? From the lessor’s standpoint? If you werethe lessor, would you insist on changing any ofthe other lease terms if a cancellation clause wereadded? Should the cancellation clause containprovisions similar to call premiums or any restrictive covenants and/or penalties of the type contained in bond indentures? Explain your answer.
- Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34Brian lives in San Diego and runs a business that sells guitars. In an average year, he receives $733,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $433,000; he also pays wages and utility bills totaling $257,000. He ovwns his showroom; if he chooses to rent it out, he vill receive $13,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Brian does not operate this guitar business, he can vork as a paralegal, receive an annual salary of $23,000 vith no additional monetary costs, and rent out his showroom at the $13,000 per year rate. No other costs are incurred in running this guitar business. Identify each of Brian's costs in the following table as either an implicit cost or an explicit cost of selling guitars. Implicit Cost Explicit Cost The vholesale cost for the guitars that Brian pays the manufacturer The salary Brian could earn if he worked as a paralegal The vages and utility…A loan of $15,000 is to be repaid in 4 equal payments (over 4 years) and the interest rate is 7% per year. Determine the principal repayment amount at end of year 1? a. $4,428.42 O b. $3,378.42 O c. $3,232.06 O d. $3,555.27 O e.$3,910.79
- If you borrow $4,300 to buy a car at 9% per year compounded monthly, to be repaid over the next six years, what is your monthly payment? Lüffen birini seçin: a. $77 O b. $81 O c. $60 O d. $8 O e. $1,112A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 12.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the second year? O a. $182,425 O b. $181,650 c. $293,242 d. $215,635 O e. $215,188esc a) 6.2% b) 3.4% C 2.8% d) 9.6% O 1. Jimmy has a credit rating of 340 and Sarah has a credit rating of 550. Sarah receives an offer of 6.2% for the interest on a loan. Jimmy has to pay an extra 3.4%. How much is Jimmy's interest? $350.000. He is Glaze C . 1 cup
- A 40,000 SF office property has reimbursable operating expenses of $240,000. One tenant, has a full service gross lease on 8,000 SF at $18.50 per foot with a $2.00 expense stop. What is their effective rent? O $20.50 O $21.00 O $21.50 O $22.00 O $22.50Peffers Inc. decided to set aside $10,000.00 at the beginning of each quarter for the next seven years. If this amount can yield a return rate of 12.35% compounded quarterly, what is the present value of this investment (round to the nearest cent)? O a. $768,579.17 O b. $782,139.10 O c. $326,222.99 O d. $331,978.50Cora, a carpenter, worked for a home construction business and earned $66,700 per year. Cora quit her job to start her own business. To buy the necessary equipment, she borrowed $50,000 from her bank, whom she pays 8.0 percent interest per year. Last year she paid $72,300 for materials, $12,400 for operating expenses and paid all of the interest on the loan from her bank. She had revenue of $156,800. For last year, Alfred, the accountant, says Cora’s profit is _________ and Evelyn the economist says Cora's profit is ___________. A. more than $69,000 but less than $75,000; more than $1,200 but less than $1,750 B. more than $65,000 but less than $69,000; more than $1,200 but less than $1,750 C. more than $65,000 but less than $69,000; more than $4,500 but less than $6,250 D. more than $69,000 but less than $75,000; more than $4,500 but less than $6,250 E. None of the above.