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As part of Ford's sales campaign, the dealership is offering a $4,000 cash rebate on its F-150 pickups which sell for $28,000 or 0.9% financing for four years on the entire $28,000 purchase price. You can borrow $24,000 of 4-year auto loan from your bank at a 5.4% APR. Assume that you would like to make monthly payments for your financing.
Problem 1: Which option would you choose between the cash rebate and the 0.9% financing?
Problem 2: What would be the interest rate offered by the bank that makes both options indifferent?
What was High Fliers actual cost per labor hour? High Fliers Company produces model airplanes. During the month of November, it produced 2,000 planes.
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Jan. 19 Issued 30,000 shares at P23 per share. How much is the balance of ordinary share capital account as of June 30, 2021
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