The wholesale cost of a new sofa is $340. The price of the sofa is marked up 20 % before putting it on the showroom floor. During a showroom sale, the sofa was marked down 20 %. What is the price of the sofa now? Round your answer to the nearest dollar, if necessary.
Q: Investing How many years will it take $5,000 to grow to $7,600 if it is invested at 3% (A)…
A: As per the given information: Principal (P) = $5,000Amount (A) = $7,600Rate of interest (r) = 3% or…
Q: First, ignore the fact that rrf depends on whether you are long or short the risk-free asset.…
A: The tangency portfolio is the portfolio on the efficient frontier with the highest Sharpe ratio,…
Q: plain in detail how a five year plain vanilla interest rate swap with a notional value of $1,000,000…
A: In this question we will be explaining the 5 Years Vanilla Interest Payment SWAP with a notional…
Q: You are in the process of purchasing a new car that will cost you $25,000. The dealership is…
A: Loan: It represents the amount borrower from the lender by the borrower. The principal amount of…
Q: You will receive cash flows of $23.42 next year from a perpetuity. The perpetuity is indexed to…
A: Present value in case of perpetuity The quantity of the regular cash flows is simply divided by the…
Q: A lender engages in a 15-day $1,000,000 reverse repo at a rate of 2.50%. The haircut is 2%. The…
A: Repo and reverse repo: "Repo" or repurchase option agreement occur when a party agrees to sell…
Q: a) What is Garnishee order and where is it applied? Narrate two situations where the Garnishee order…
A: A garnishee order enables the collection of funds from the judgement debtor in order to enforce a…
Q: (Answers that are Multiples (x) or Percents (%) should be carried to 1 decimal place or 2 if…
A: The long-term debt to total capitalization ratio is calculated by dividing long-term debt by the…
Q: The Investments Fund sells Class A shares with a front-end load of 6% and Class B shares with 12b-1…
A: Given data set Investment fund sells Class-A Shares with front-end load = 6% Class-B shares with…
Q: 5. You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that…
A: We need to use loan amortisation formula below to calculate annual payment of mortgage. PMT…
Q: David owns a two-stock portfolio that invests in Falcon Freight Company (FF) and Pheasant…
A: Probability distribution of returns on two stocks have been provided. We need to find the expected…
Q: 2. An investor is setting up a fund which requires 20 years of contributions. The investor pays £100…
A: The future value of an ordinary annuity is the value of a series of equal periodic payments at a…
Q: Explain how Herd mentality and FOMO impact financial decisions?
A: Herd mentality as the name suggests is the mentality or instincts of a herd. The way one sheep…
Q: You have decided to purchase a new car. The car costs $27,500. The dealer is offering to finance the…
A: compounded interest formula applied for the solution: each monthly payment included interest and…
Q: Suppose the nominal interest rate in the U.S. is 8% per year, the nominal interest rate in Brazil is…
A: International Fisher Effect states that the future exchange rate between 2 countries is the interest…
Q: Compute its expected return and the standard deviation of its returns. 1. Two risky assets: RF = 3,…
A: Since there are multiple parts to the question, we are solving the first three parts. In case you…
Q: Principal $8,500, Interest Rate 5%, Time 240 days (use ordinary interest) Partial payments: On 100th…
A: As per the U.S. Rule, the unpaid principal value is used for calculating interest and no interest…
Q: You just won the grand prize in a national writing contest! As your prize, you will receive $510 a…
A: Present value The amount of money that has to be invested in order to accomplish a particular…
Q: Operating cash flow. Find the operating cash flow for the year for Harper Brothers, Inc. if it had…
A: Operating cash flow (OCF) refers to the amount of cash generated by a company's main operations,…
Q: Coca Cola - 25.51% Pfizer - 14% CVS - 32.99% Berkshire Hathaway - 29.66%
A: In this question we will be creating portfolio with different weights of each asset to maximize the…
Q: The following information on interest rates and exchange rates is available to all with access to…
A: Spot and forward markets are used to manage foreign currency risk, which arises from fluctuations in…
Q: Thomson Trucking Co. has $12 billion in assets and its tax rate is 25%. The firm’s basic earning…
A: Here, Total Assets is $12 billion Tax Rate is 25% Basic Earning Power (BEP) is 10% ROA is 5.25%
Q: 30. You're looking at two bonds identical in every way except for their coupons and possibly their…
A: We have to comment on the price of a comparable bond that pays higher coupon rate, while rest of the…
Q: 6. Which of the following is gerally serving the regulatory function of taxation? a. Real Estate Tax…
A: Taxes are compulsory payment by the taxpayer to the government. The purpose of taxation can be for:…
Q: 42. You have just turned 22 years old, received your bachelor's degree, and accepted your first job.…
A: Payment per month The amount paid for each period is this. The present value (PV), interest rate per…
Q: Problem 4-04 A $15 11 13 14 12 PRICE B $24 22 48 50 47 C $53 58 50 26 25 A 520 520 520 520 520…
A: STEP 1 The Dow Jones Industrial Average is a widely followed benchmark index for blue-chip firms in…
Q: Which of the following statements is true? A. the organizational form that is the easies to raise…
A: Sole proprietorship: A person who runs a business alone is known as a sole proprietor. Corporations:…
Q: Aiden’s Plumbing Company (APC) is bidding on a City of Winnipeg construction contract. The contract…
A: IRR The anticipated yearly rate of increase from an investment is known as the internal rate of…
Q: A fund is to be created which pays out a scholarship of £7,000 every year in perpetuity. The first…
A: Perpetuity are funds that are paid over the whole life period of annuities. Value of perpetuity is…
Q: Consider the following information regarding the performance of a money manager in a recent month.…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: Define spot, forward, and swap transactions in the foreign exchange market and give an example of…
A: The foreign exchange market (also known as the Forex or FX market) is a decentralized global market…
Q: A bank has estimated its expected (predicted) loan loss rate on its consumer loans at 3.25%. If the…
A: The loan loss rate is the average amount of loans that the banks deem they will not be able to…
Q: You are thinking of building a new machine that will save you $1000 in the first year. The machine…
A: Here, First year saving is $ 1000 Growth rate is -2% Interest rate = 5%
Q: Suppose that a company has experienced two years of declining ROI. Give an example to show how data…
A: Balanced Scorecard is a one of the performance management tools that provides a comprehensive view…
Q: Q2-3: Calculating Total cash flows NMB Company shows the following information on its 2020 income…
A: A cash flow statement is a financial statement that provides information about the inflow and…
Q: Your broker is offering 2.2 percent compounded daily on its money market account. If you deposit…
A: The amount in the account after n years is calculated using the future value formula. Future value =…
Q: A bank makes a loan of $1,000,000 at a rate of 6% p.a. It also requires a compensating balance of…
A: A loan indicates the sum borrowed to meet personal or business requirements. For a borrower to be…
Q: A fully amortizing mortgage loan is made for $84,000 at 6 percent interest for 25 years. Payments…
A: A mortgage is a covered loan that is borrowed to purchase a property. The property in question acts…
Q: A debt of 8400 is due at the end of 5years. it is proposed that $X be paid now with another $X be…
A: Debt refers to the amount that is taken by the borrower from the lender at some specified rate of…
Q: Pacific Packaging's ROE last year was only 5%, but its management has developed a new operating plan…
A: Return on Equity: It represents the measure of a firm's profitability per share & gauges the…
Q: sabel Lopez, from Lewiston, Idaho, is age 19, and she recently received an inheritance of $50,000…
A: Here we will use formula of future value of money to calculate amount after 10 years : FV = PV × 1…
Q: A bank makes a loan of $1,000,000 at a rate of 6% p.a. It also requires a compensating balance of…
A: A loan indicates the sum borrowed to meet some personal or business needs. The lender generally…
Q: What are the advantages and disadvantages of direct lending for the bank?
A: Direct lending for banks refers to a lending strategy where banks provide loans directly to…
Q: Which of the following are major components of a sound financial plan? 1. Estate planning II.…
A: Financial planning is very important aspect in today's time. Under this, funds are being managed and…
Q: In 2008 CDZ corporation had a total earnings of $500 million and kept 30% of it for future…
A: Price-to-earnings ratio refers to the valuation of a company based on the current share price…
Q: The efficient markets hypothesis identifies three forms of market efficiency. (a) You observed that…
A: The Efficient Market Hypothesis (EMH) is a theory in finance that states that financial markets are…
Q: A series of cash flows may not always necessarily be an annuity. Cash flows can also be uneven and…
A: An annuity is a payment series that pays a periodic sum to the holder. It is extensively used in…
Q: 4. ΕΟΥ CF 0 20 1 21 $300 2 22 3 23 4 24 5 25 6 7 8 26 27 ? ? 9 28 29 ? ? 10 30 ? A deposit was made…
A: Future Value (FV): Future Value refers to the value of an asset or liability at a specified date in…
Q: The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. �What…
A: The present value is the discount value series of cash flow from year 1 to 4 , all cash flow…
Q: The Social Security Trust Fund is comprised of Question 47 options: stocks and bonds…
A: STEP 1 The Old-Age and Survivors Insurance and Disability Insurance Trust Funds are actually two…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The list price of a brand new flat screen tv set at Emcor is P 25,000. The item costs P 22,000. After negotiation the tv set was sold at 20,000. What are the initial markup price and the maintained markup price?A buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45% markup over his cost . What should he pay his supplier per shirt in order to meet his goal ? (Round to the nearest cent.)Jason Bradley is looking at a lawnmower priced at $279.95, which is 40% off the original price. What was the original price of the lawnmower? Round to the nearest cent
- A computer was put on sale by the store owner. A trade discount of 30% is given to any buyer but still, the store will realize 25% margin. If the computer has a tag price of P41, 550, What should be its cost?Steve's scooters plans to sell a standard scooter for $160 and a chrome scooter for $200.00. Steve's purchases the standard scooter for $40 and the chrome scooter for $50. Steve expects to sell one standard scooter for every three chrome scooters. Steve's monthly fixed costs are $102, 600. How many of each type of scooter must Steve's scooters sell each month to break even?Planck, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling each set at $ 520. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Planck make each month? Round to the nearest one. Hint: use the contribution margin approach.
- A competitor of Bradley's Furniture is selling the same 5-piece living room set. The competitor offers customers the following payment option: $500 down payment, then $20 per month for 24 months. What is the total cost of the set? F G $544 $580 $980 H J $2,420An investor buys 550 NFR common at $10 in January Year 1 and 210 NFR common at $15 in June of Year 2. What is the investor’s cost base for NFR? Show your workA Company wants to introduce new mobile phone into the market. The estimated price of each mobile phone is RO 800. The company requires a profit margin of 15% on sales. Calculate a target cost for the new mobile phone.
- Stevie's Scooters plans to sell a standard scooter for $850 and a chrome scooter for $1350. Stevie's purchases the standard scooter for $450 and the chrome scooter for $600. Stevie's expects to sell one standard scooter for every three chrome scooters. Stevie's monthly fixed costs are $715,500. Requirement 1. How many of each type of scooter must Stevie's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products—total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) ? ? ? ? ( Fixed costs + Target profit ) ÷ Weighted-avg. CM per unit = Required sales in units ( + ) ÷ = Requirements Dialog…Good morning, Please answer questions Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security is $4500.Requireda) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behaviour affects Patsy Smith’s decisionmaking?H. Banks Company would like to design, produce, and sell versatile toasters for the home kitchen market. The toaster will have four slots that adjust in thickness to accommodate both slim slices of bread and oversized bagels. The target price is $65. Banks requires that new products be priced such that 24% of the price is profit. Required: If required, round your answers to two decimal places. 1. Calculate the amount of desired profit per unit of the new toaster.$fill in the blank 1 2. Calculate the target cost per unit of the new toaster.$fill in the blank 2