Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Data given: Loan amount to purchase a home= $70,000 Rate =12% N=15 years Required: Monthly payment
Q: 21. Under IFRS, research must be expensed but some development expenditures may be capitalized.…
A: The term "developmental expenditure" refers to government spending that promotes economic growth by…
Q: Medavoy Company is considering a new project that complements its existing business. The machine…
A: Net present value is the difference between the present value of cash flow and initial investment of…
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Data given: Loan amount = $70000 Rate= 12% N=15 years Require : Monthly payment Formula for…
Q: Wavy Inc is examining a project that requires an initial investment of -10 million today. This will…
A: Net present value method is a method that uses a specified discount rate to bring all subsequent net…
Q: Net present value calculation) Dowling Sportswear is considering building a new factory to…
A: Net present value ia a capital budgeting method which will be trying to find the difference between…
Q: The Delgados have a gross monthly income of $6,000. Monthly payments on personal loans total $500.…
A: Gross Monthly Income is $6,000 Personal Loan amount is $500 Gross debt to service ratio is 33% Total…
Q: Consider a share which is currently priced at RM2.06 with gross dividend per share of 4 cent. The…
A: Share Price = RM 2.06 Dividend Per Share = RM 0.04 Growth Rate = 3% Inflation = 2.5%
Q: When computing, please do not round off. Only final answers must be rounded off to two decimal…
A: Call option is a derivative contract in which option buyer has right to buy the underlying asset at…
Q: Here are the cash flows for two mutually exclusive projects: Project C0…
A: Mutually exclusive projects: When two projects are incompatible with one another, the option with…
Q: (a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to…
A: As per Bartleby honor code, when multiple questions are asked, the exe=pert is required only to…
Q: 4a Describe the resource-based relative value scale payment method used by Medicare to reimburse…
A: The Centers for Medicare & Medicaid Services (CMS) and the majority of other payers implement…
Q: 1. The option is currently A. In-the-money B. At-the-money C. Out-the-money 2. Determine the…
A: An option considered in-the-money indicates that there is an opportunity to make a profit because of…
Q: It is important to know how to build an amortization schedule when firms (or individuals) take out…
A: Given: Loan amount (P): $60,000 Number of periods (n): 3 years =3*12= 36 months Interest (i): 12%…
Q: effrey deposits $406.00 every month into his son's RESP for the next fifteen years unti his son goes…
A: Future value of deposit includes the amount being deposited and compounding interest accumulated…
Q: The most recent financial statements for Mandy Company are shown here: Balance Sheet $11,760 Debt…
A: Solution:- Sustainable growth rate means the growth rate forever at which the company will grow in…
Q: (trade date), Francis Cor equity security classified as Financial Assets at FVTOCI for its current…
A:
Q: Trump corporation ix expected to pay a dividend of $3.00 next year (D₁) and has a beta of 1.2.…
A: The required rate of return is the rate of return that investors in the shares of a company require…
Q: You have a balance of $7500 on your credit card and you make no further charges. If your APR is…
A: Data given: Balance on credit card = $7500 APR=12.5% Minimum payment = 5% of balance t=24 months…
Q: If $27895 is borrowed for 5 months and P688 is paid, then the annual simple interest rate is…
A: Simple interest is one of the form of interest in which interest is charged on original investment…
Q: Mrs. Lang Chua purchased a Bike at $845,000. She paid a down payment of $50,000 and promised to pay…
A: Present Value: The present value is the present sum of a series of fixed payments. The series of…
Q: An asset costs $420,000 and will be depreciated in a straight-line manner over its 3-year life. It…
A: Hai there! Thank you for the question. Post has multiple questions. As per company guidelines expert…
Q: Based on the following sensitivity report, what would be the impact of changing the objective…
A: Sensitivity analysis: 100% rule If numerous objective function coefficients are changed, the 100…
Q: A $1,000 par value, 1.0% annual coupon with a maturity in 13 years currently sells for $ 875. What…
A: Current yield = Annual coupon/Bond price YTM is the yield earned when the bond id held to maturity.…
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Annuity (periodic payment) refers to an amount or stream of equal cash flows (CF) paid or received…
Q: Exhibit 2: Balanced scorecard for the time-guaranteed next-day B2C delivery market Year ending 31…
A: Growth percentage for any year is computed using following formula Growth % = (Current year…
Q: Chase Brew Inc is considering an investment with the following information: initial…
A: To answer this question 1st we can calculate depreciation per year. Depreciation = Cost of the…
Q: Range of Benefits Bob, a 66 years old worker, is deciding between retirement either this year or the…
A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…
Q: rite a short note on "Profitability Ratios"
A: Profitability ratio shows the ability and efficiency of the firm and show how much are the expenses…
Q: Dani Corporation has 9 million shares of common stock outstanding. The current share price is $75,…
A:
Q: rm's cost of capital is 10%.It is considering two mutually exclusive projects X and Y.The details…
A: Payback period is period required to recover the initial amount of investment and net present value…
Q: Briac Steel sets aside $5300.00 at the beginning of every month in a fund to replace equipment. If…
A: Annuity: An annuity is the series of payments made for a certain period of time. If the payments…
Q: b. John needs to pay $55,000, $60,000 and $65,000 at the end of next 3 years respectively. The…
A: i) Duration of the obligation will be, = Σ( PV of CF*n) / Σ PV of CF ; PV of CF = Present…
Q: he cash flows associated with a public works project in Buffalo, New York, are shown. Use the…
A: Benefit cost analysis is calculated by dividing the discounted benefits by the discounted costs.…
Q: Best Corporation is expected to pay $.60 next year and $1.10 the following year and $1.25 each year…
A: Dividend discounting model will be applied for discounting the future dividend in order to find out…
Q: 1) What are the critical issues a partnership should address in a buy - sell agreement? 2) what are…
A: Sole proprietorship, partnership, and company: In a sole proprietorship, the business's owner is…
Q: FV(Quarterly.) = $100(1.03)20
A: Future value : Future value is the value of the asset at a future date compounded at a particular…
Q: 4 Using the information in the table above calculate the annual percentage rate and the effective…
A: Given, The Price of T bill is $9925 The face value is $10,000
Q: The option is currently A. In-the-money B. At-the-money C. Out-the-money 2. Determine the…
A: Call option A call option provides its holder the right to buy a share at the pre-specified strike…
Q: Based on Exhibit 7-8, what would be the monthly mortgage payments for each of the following…
A: Loan Payment: These are payments made to the lender by the borrower for the purpose of amortizing…
Q: A county will invest $3,100,000 to clean up a chemical spill that occurred following a natural…
A: B/C ratio is present value of benefits and present value of cost of the project and it must be…
Q: A6) Finance consider a project that will cost $95,000 today and is projected to bring in $55,000 in…
A: The profitability index (PI), also defined both as value investment ratio (VIR) or profit investment…
Q: You save $800 a year into a 401(k) account that you invest in a mutual fund earning 9% per year.…
A: Given, Amount saved every year is $800 Rate is 9% Number of years is 25.
Q: Gillette Corporation decides to raise an additional Rs 10 million for a new machine and decides to…
A: Given: Dividend = ₹1 Growth rate = 10% Discount rate = 12%
Q: Kindly make an analysis about the asset management ratio (Receivable Turnover, Fixed Asset Turnover,…
A: Ratio Analysis is the analysis of the financial position of the company. It shows the profitability,…
Q: Standby power for a manufacturing firm is currently produced using diesel-powered generators. In…
A: NPV is a Capital Budgeting techniques which will help in decision making on the basis of future Cash…
Q: Calculate the rate of return for an investment that meets the criteria listed below: initial cost…
A: Internal Rate of Return ( IRR) is a Capital budgeting technique which help decision making and also…
Q: United Builders wants to maintain a target capital structure with 30% debt and 70% equity. Its…
A: Dividend payout ratio measures the dividend payout in relation to the net income generated by the…
Q: "our coin collection contains 54 1952 silver dollars. If your grandparents purchased them for their…
A: Future value of present value includes the amount being deposited and amount of interest being…
Q: W of the following engineering project when the MARR IS 1 project acceptable? Investment cost =…
A: Present worth is the difference between the present value of cash inflows and cash outflows. it must…
Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?
Step by step
Solved in 2 steps
- George runs a coffee shop. His total sales are $107,758 per month. He has the following monthly expenses: rent is $5,140 wage expense is $21,076 material supplies are $10,545. George owns the building where he has his coffee shop. He could rent this space for $11,766 per month. If George only cares about earning the maximum income possible, what is the minimum monthly salary he would have to earn at his next best employment opportunity to get him to close his coffee shop? Enter a whole number with no dollar sign.Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $970 per month. Her employer deducts $221 for taxes from her monthly pay. Kim also pays $98 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $109 per month. Help Kim make her decision by calculating her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) Debt Payments-to-Income Ratio Ratio with college loan Ratio without college loanHenry is a college student currently working 25 hours a week at his part- time job. If Henry gets paid $15 an hour, what is his weekly, monthly, and annual income?
- Alex makes $80,000 per year and pays about 30% of his gross monthly income in federal and state taxes. He wants to rent an apartment and pay no more than 25% of his income for rent. what is the maximum rent he can afford per month?Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Madeline is living at home and works in a shoe store, earning a gross income of $960 per month. Her employer deducts a total of $170 for taxes from her monthly pay. Madeline also pays $115 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $170 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) With college loan Without college loan Debt Payments-to- Income RatioMadeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Madeline is living at home and works in a shoe store, earning a gross income of $1,140 per month. Her employer deducts a total of $260 for taxes from her monthly pay. Madeline also pays $160 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $260 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) Debt Payments-to-Income Ratio With college loan % Without college loan %. Pls show steps complete.
- molly has a part time job that pays her a gross income of $135 each week. Her withholding each week is $59.50. She also baby sits. Her saving strategy is to deposit 20 Percent of what she takes home. This week she earned $35 from two baby sitting jobs. How much should she deposit?To help Janette cover her college expense, parents provide Janette with a monthly allowance of$340. Besides, Janette earns $600 per month from the part-time job. Janette has to pay $200 in rentexpense and $ 75 per month for her car insurance. Janette plans to spend monthly $80 on clothes,$50 for personal care, and $100 for entertainment. Janette also estimates her monthly eating outexpense at $140, and she expects that $100 will be enough to cover all her other spending. Giventhat Janette follows the above income/spending schedule, how much can she put aside within eightmonths? Assume Janette puts the amount she put aside within eight months on the account thatearns 4.75% per year, compounded annually. What would be the balance of this account in fiveyears? Round your answers to the nearest dollar. Show your work.To help Janette cover her college expense, parents provide Janette with a monthly allowance of $340. Besides, Janette earns $600 per month from the part-time job. Janette has to pay $200 in rent expense and $ 75 per month for her car insurance. Janette plans to spend monthly $80 on clothes, $50 for personal care, and $100 for entertainment. Janette also estimates her monthly eating out expense at $140, and she expects that $100 will be enough to cover all her other spending. Given that Janette follows the above income/spending schedule, how much can she put aside within eight months? Assume Janette puts the amount she put aside within eight months on the account that earns 4.75% per year, compounded annually. What would be the balance of this account in fiveyears? Round your answers to the nearest dollar.
- Mark makes $82,420 per year and pays about 23% of his gross monthly income in federal and state taxes. He wants to find an apartment to rent. Estimate how much he can afford to pay for rent each month. Then determine how much money he will have after taxes and rent are paidBert spends $10.60 a day travelling to work, and a further $65 a day sending his daughter Belle to a childcare centre. Bert has just received the monthly account for the childcare centre totalling $1,625, which he needs to pay immediately. Bert owns a newspaper publishing company. He has paid a membership fee with respect to his personal membership of the World Association of Newspapers, amounting to $3,300, and he has bought a new computer for $2,200 that he keeps in his study at home. Bert has recently purchased a beach house near Geelong. The property has been rented out to Bert’s sister since he purchased it. He took out a 25-year loan to finance the purchase. His interest payments are $7,200 a year. Bert also claims lawn-mowing expenses of $100 per month with respect to his beach house. Required: Advise Bert about the deductibility of the above expenses. Where appropriate, refer to case law and legislation in your answeBert spends $10.60 a day travelling to work, and a further $65 a day sending his daughter Belle to a childcare centre. Bert has just received the monthly account for the childcare centre totalling $1,625, which he needs to pay immediately. Bert owns a newspaper publishing company. He has paid a membership fee with respect to his personal membership of the World Association of Newspapers, amounting to $3,300, and he has bought a new computer for $2,200 that he keeps in his study at home. Bert has recently purchased a beach house near Geelong. The property has been rented out to Bert’s sister since he purchased it. He took out a 25-year loan to finance the purchase. His interest payments are $7,200 a year. Bert also claims lawn-mowing expenses of $100 per month with respect to his beach house. Required: Advise Bert about the deductibility of the above expenses. Where appropriate, refer to case law and legislation in your answer