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Question: Loan Payments. Finding the time necessary until you pay off a loan is simple if you make equal payments each month. However, when paying off credit cards many individuals only make the minimum monthly payment, which is generally $10 or 2 percent to 3 percent of the balance, whichever is greater. You can find a credit card calculator at www.fincalc.com. You currently owe $10,000 on a credit card with a 17 percent interest rate and a minimum payment of $10 or 2 percent of your balance, whichever is greater. How soon will you pay off this debt if you make the minimum payment each month? How much total interest will you pay?
In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $8,000 of capital expenditures
The inventory balance as of the beginning of the year was $35,000 (500 units @ $70 each). During the year ended December 31, the company sold 6,000 units for $150 per unit. Expenses other than cost of goods sold totaled $125,000. The effective inc..
pdq corp. has sales of 3000000 the firms cost of goods sold is 1425000 and its total operating expense are 700000. the
If perfect price discrimination reduces consumer surplus to zero, how can this lead to the most socially desirable level of output?
What is Omnicorp's Debt to Asset ratio and how much new debt must Omnicorp use to finance the growth in assets (assuming all financial ratios will remain constant)?
What is this years cash flow from operations - what is this year's cash flow from investment and what is this year's cash flow from financing? Round to the nearest dollar.
Assume you want to run a computer program to derive the efficient frontier for your feasible set of stocks. What information must you input to the program?
You are the CFO and Treasurer of Hitech Corporation. In January of each year, Hitech normally has around $500,000 more cash than it needs to meet current.
leasing expenses of $126,193, and interest expenses equal to $87,125. If the company's tax rate was average 34 percent, what is its net income after taxes?
Firm x has sales of 10 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable is two million. Determine the company's DSO,
Why do you think so many pieces of important legislation related to financial markets and institutions were passed during the Great Depression?
management may use straight-line depreciation for reportingincome to the shareholders while still using an accelerated
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