User Account

All Pages

What is the composite cost of your boat purchase

Assignment Help Finance Basics
Reference no: EM132504521

You want to buy a boat using an existing bank loan which will cost an effective interest rate of 9% per year, and credit card that charges an effective interest of 19% per year. The final sale price of the boat is $19,000 and the federal tax rate for your business is 24%. If you finance your boat using $15,000 from the bank loan and $4,000 from the credit card, what is the composite cost of your boat purchase?

Reference no: EM132504521

Questions Cloud

Calculate Hassans Madhatters total assets : Hassan's Madhatter, Inc. had an ROA of 7.8 percent, a profit margin of 11.20 percent, and sales of $30 million. Calculate Hassan's Madhatter's total assets
What is the current weighted average cost of capital : If you would fall in 14 percent Federal Income Tax bracket, what is the current weighted average cost of capital for you? Ignore the effect of monthly
What is the value or price of the bond : A bond has an annual coupon rate of 3.9% a term to maturity of 21 years a par value, what is the value or price of the bond
What net income reported year for private interest activity : What is the net income reported this year for the private interest activity? Rex Remington has the following passive activity items
What is the composite cost of your boat purchase : If you finance your boat using $15,000 from the bank loan and $4,000 from the credit card, what is the composite cost of your boat purchase?
What is the total aftertax cash flow to shareholders : What is the total aftertax cash flow to shareholders if the company invests in T-bills? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.
How much is sams substituted basis in the nantucket land : How much is Sam's substituted basis in the Nantucket land? Joe Jackson, a real estate developer, would like to exchange his plot of land in Nantucket
Determining the existing student loan : Suppose that you have $44,124 student loan with an APR of 7 percent compounded monthly. If your current tax rate is 14 percent, what is your after tax effective
What is the goal of the argument from analogy : What is the goal of the argument from analogy and How is the argument structured - What are some consequences of accepting the official doctrine

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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