Profit for Jim Halliday's Treasures is P250,000 for the current year. The owner withdrew P30,000 per month for personal living expenses. What will be the net effect on the owner's capital account? Increase of P610,000 Increase of P220,000 Increase of P250,000 O Decrease of P110,000 Decrease of P360,000
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- A piece of equipment costs $50,000 to buy. Insurance costs $1000 a year. The maintenance costs and salvage values are listed below. Which year should you turn in this equipment? Year 1: Maintenance $5,000, salvage value $40,000 Year 2: Maintenance $6,500, salvage value $35,000 Year 3: Maintenance $8,000, salvage value $30,000 Year 4: Maintenance $9,500, salvage value $25,000 Year 5: Maintenance $11,000, salvage value $20,000 Type your answer here:a homeowner is selling their home. How much transfer fee is charged at the rate of $1.10 per thousand if the sales price is $770,500 and the net proceeds are $550,000?A business is considering purchasing a piece of new equipment for $200,000. The equipment will generate the following revenues: Year 1: $50,000Year 2: $50,000Year 3: $50,000Year 4: $60,000The machine can be sold at the end of the year four for $25,000. Assume a discount of 8%. 1. What is the net present value(NPV)?
- A house costs Php 2 500 000 cash. A purchaser will pay Php 1 200 000 cash and a sequence of 8 equal annual payments, the first due at the end of 3 years. If money is worth 7 % , find the annual payment. a. Php 371 811 b. Php 249 254 c. Php 155 286 d. Php 489 166In a gaming room of a high-traffic video arcade wishes to determine the return on its video machine. The machine was purchased 1 year ago for P20,000 and currently has a market value of P21,500. During the year, it generated P800 of after-tax cash receipts. Calculate the annual rate of return, k, for the video machine.You purchase a $1,152,000 lake house and made a down-payment of $658,000. If you were to use the tvm solver to determine the monthy payment, what values would you enter for PV and FV?
- A milling machine costing $18,000 will be depreciated using 7-year MACRS. The machine will be sold at the end of year 8 for $1000. The combined tax rate is 25%, and the MARR is 10%. What is the present worth of the after-tax cash flows? Submit your spreadsheet. Answer to the nearest whole dollar without the $ sign.Y2 A jewelry store in Lanberry bought a gold ring for $550 and marked it up 50% from the original cost. Later on, Beth purchased the gold ring and paid Lanberry sales tax of 8%. How much, including tax, did she pay for the gold ring? SubmitDraw cashflow and box the final answer A man deposited in his bank account an amount of P550,000.He has an annual allowance expense of P9500 and bookcosts of P3000 every 3 years. He was an irregular atengineering and at the end of year 6, the he broke anequipment in the laboratory and was repaired at a rebuild costof 22,000. How much will be left at his account at year 9, at ifmoney rate is 8% compounded annually?
- A car is purchased at $18,000. The car depreciates by $800 each year. When would the car be worth $10,000?A piece of equipment costs $50,000 to buy. Insurance costs $1000 a year. The maintenance costs and salvage values are listed below. Which year should you turn in this equipment?Year 1: Maintenance $5,000, salvage value $40,000Year 2: Maintenance $6,500, salvage value $35,000Year 3: Maintenance $8,000, salvage value $30,000Year 4: Maintenance $9,500, salvage value $25,000Year 5: Maintenance $11,000, salvage value $20,000In order to make some home improvements, a homeowner spent $24000. He paid 18% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 4.5% Determine the home owner's total finance charge and monthly payment. Select one: a.Total finance charge = $3381.02; Monthly payment = $640.58 b.Total finance charge = $1156.06; Monthly payment = $579.03 c.Total finance charge = $3074.40; Monthly payment = $752.07 d.Total finance charge = $1395.12; Monthly payment = $585.42