Find what is the monthly car payment in dollars

Assignment Help Financial Accounting
Reference no: EM132936092

Problem 1: A metallurgist purchases a car for total cost including tax and license of $32,795.66. If the metallurgist obtains a 4-year loan at an annual interest rate of 3.3% compounded monthly, what is the monthly car payment (in dollars)? (Round your answer to the nearest cent.

Reference no: EM132936092

Questions Cloud

How might a manager motivate subordinates : How might a manager motivate subordinates to not only accept change but also embrace change?
What is the amount of the net working capital : A firm has $659 in fixed assets, $146 in current liabilities, $165 in long-term liabilities, and $514 in equity. What is the amount of the net working capital?
Compute for tax due with solution each on cost of sale : Compute for Tax Due With Solution Each on cost of sale and operating expenses. Mr. JMLH signified his intention to be taxed at 8% income tax rate
Explain the concept of diversification to aunty : Indicate the historical and the expected return of her selection (try to distinguish between capital and yield or dividends components, if possible)
Find what is the monthly car payment in dollars : If the metallurgist obtains a 4-year loan at an annual interest rate of 3.3% compounded monthly, what is the monthly car payment (in dollars)?
What y debit additional paid-in capital retained earnings : Y Company issued 5,000 shares of P10, In connection with the retirement of these 2,000 shares, Y should debit Additional paid-in capital Retained earnings
What the journal entry to record the issuance of certificate : What the journal entry to record the issuance of certificates under journal entry method will require a? X collected in full balance of subscription receivable.
What m should report total stockholders equity at : In its December 31, 200B balance sheet, M should report total stockholders' equity at? Retained earnings unappropriated 300,000
How formal structures of labour relations differ : What does the case of Local 27 tell us about how formal structures of labour relations differ from their implementation in practice?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the trading and profit and loss for xyz ltd for year

Prepare the trading and profit and Loss for XYZ Ltd for the year ended June 30, 2019 (Categorize overhead cost under the appropriate headings)

  Discuss conversations with your teenagers about sex

Consider the conversations that you would have with your teenagers about sex, if you were to have children.

  Public reason for the move was the economics of old facility

Elroy had been with Barnes Machine Company a year since finishing a BS in industrial engineering (IE). Barnes had been in business for over 50 years, but the company had only recently moved from Detroit to Gainesville, Georgia. The public reason for ..

  What would its cost of equity be

The average? debt-to-value ratio for the credit services industry is 12.8%. What would its cost of equity be

  Cost of ending inventory and conversion costs

Problem A The following data refer to a production center of Sipp-Fizz, a soft drink bottler: Work in process inventory, August 1, 4,000 units (units equal 12-bottle cases): The equivalent units of production for materials and conversion costs using ..

  Calculate the npv at twelve percent interest rate

Rs 400,000, Rs 350,000 and Rs 300,000 over its life of 3 years. Calculate the NPV at 12% interest rate and internal rate of return of the project.

  How much income tax payable would match box report

How much income tax payable would Match Box report for 2011?

  Determining a transaction is a business bad debt

Identify the factors that should be considered in determining wether a transaction is a business bad debt or a nonbusiness bad debt.

  Compute minis total income tax expense

Mini, Inc., earns pretax book net income of $750,000. Compute Mini's total income tax expense, current income tax expense, and deferred income tax expense.

  Prepare the entry to record the exchange of the machine

Assuming that the exchange had commercial substance, prepare the entry to record the exchange of the machine for the computer.

  Record entries issue of bonds and related interest expense

Record entries issue of bonds and related interest expense. (If no entry is required for a transaction/event, select "No journal entry required")

  Construct flexible budget for hospitals electricity costs

Red River Hospital’s controller estimates that the hospital uses 30 kilowatt-hours of electricity per patient day, and that the electric rate will be $.12 per kilowatt hour. The hospital also pays a fixed monthly charge of $1,250 to the electric util..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd