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Sue has a monthly take-home income of $3,250. She has availed a number of consumer loans including student loan, car loan, and a personal loan. Sue makes $350 monthly payments towards the outstanding student loan which will be fully repaid in another 10 years. Sue has recently availed a car loan, for which she will start to make repayment of $400 from this month. Tenure for a car loan is 5 years, while she uses the car for 7 years. Every time Sue buys a new car, the car loan goes up by 20% compared to the previous one (due to rise in car price in 7 years); consequently, the monthly car loan repayment will also be 20% higher than the previous car loan. Sue makes $250 monthly payments to repay the personal loan which will be fully repaid in 4 years. Now, Sue plans to avail a $150,000 mortgage with 20 years to repay and 6% annual interest rate. The loan will be repaid using equal monthly installments and the monthly payment starts this month. Assuming that Sue gets an annual pay rise of 2%, find out her debt-safety ratio (including mortgage) for each month for the next 20 years.
Draw a chart of the above monthly debt-safety ratio (months in x axis, ratio in y axis).
Variable Cost per unit is $175, the sales price would be set at twice the VC/unit and fixed costs are $500,000. The target operating income (EBIT) is $350,000. What sales volume would be required in order to meet the minimum profit goal? (Hint: use b..
In exactly 15 months a bill of $21,200 is due. Today you deposit money such that if the account earns a target rate of return of 8.90% per annum, compounded monthly, the bill is perfectly financed. No other deposits or withdrawals have been made. You..
A five-year project has an initial fixed asset investment of $360,000, an initial NWC investment of $40,000, and an annual OCF of −$39,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required re..
Compare and contrast the yields and maturities for each of the securities and discuss which you would hold and why relative to interest rate risk.
A firm has estimated the 2-month cash budget below. What is the cash surplus or deficit for these two months? (Enter your answers in millions of dollars. Negative amounts should be indicated by a minus sign.) ($ in millions) MAR APR Sales 140.0 150.0..
Conduct an analysis of your selected organization’s financial statements and identify the organization’s short and long term financing risks in its future financial planning. Evaluate the entire selected organization and identify any ethical or uneth..
What is the number of DM/$? What is the dollar value of the deutsche mark? - What is the equilibrium forward rate for the deutsche mark expressed as 8/DM?
Mitata Co. is considering a three-year project that will require an initial investment of $55,000.
Assume that you take a speculative long position in 11 gold futures contracts, consistent with your forecast of gold futures prices.
Net Present Value. Your organization must decide on whether to accept a project that has been requested by the research and development department. The initial investment is $350,000. You have projected that the cash in-flows from the project will be..
Eades has 9% annual coupon bonds that are callable and have 18years left until maturity. The bonds have a par value of $1,000, and their current market price is $1,220.35. However, Eades may call the bonds in eight years at a call price of $1,060. Wh..
Ritz Furniture has a contribution margin ratio of 0.10. If fixed costs are $176,500, how many dollars of revenue must the company generate in order to reach the break-even point?
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