I think it's <span>Individuals, Groups and Structures.
Hope this helps !
Photon</span>
Answer:
$746.90
Explanation:
The old monthly payment can be derived from the information given in the scenario:
It says that ''at the end of 1 year he owes the bank $70,000'' and we are also told that ''he paid $10.67 monthly per thousand on his original loan.''
Logically then, the old monthly payment = $10.67 per $1,000 into $70,000
Old monthly payment = ($70,000 / $1,000) x $10.67
which is 70 x $10.67 = $746.90
Answer:
A. Take $1 million now.
Explanation:
A. If we take $1 million now the present value of the money is $1 million.
B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;
$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728
$300,000 + $250,000 + $208,000+ $173,611 = $931,944
The present value of option B is less than present value of option A. We should select option A and take $1 million now.
Answer:
Option (c) is correct.
Explanation:
Given that,
Budgeted unit sales for August = 4,600 units
Variable selling and administrative expense per unit = $7.30 per unit
Budgeted fixed selling and administrative expense = $51,980
Depreciation per month = $6,440
Total variable selling and administrative expense:
= Budgeted unit sales for August × variable selling and administrative expense per unit
= 4,600 × $7.30
= $33,580
Total fixed selling and administrative expense:
= Budgeted fixed selling and administrative expense - Depreciation per month
= $51,980 - $6,440
= $45,540
Total cash disbursements for selling and administrative expenses:
= Total variable selling and administrative expense + Total fixed selling and administrative expense
= $33,580 + $45,540
= $79,120
