For all the information available, what specific information about the different makes and models is the most relevant to Samuel and Grace in making their purchasing decision.
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2. For all the information available, what specific information about the different makes and models is the most relevant to Samuel and Grace in making their purchasing decision.
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- Case Given: Maysum decided to start a printing company called, Maysum Inc. This company was his dream job and he saved up $30 000 to start the company therefore he didn't need a loan from the bank. Maysum did his first job for $300 to customer Mantao. Mantao paid him $200 and the rest on account. Maysum was running out of supplies so he had to buy pens, notebooks, paper etc for $500. He decided that he should pay his rent for $200 and gas for $100. Maysum was getting really busy and needed to buy a computer. He paid $500 for an Acer laptop on account. He received a call from Mantao who told him she sent him the money she owed him. Maysum is doing really well and decided to buy another store to continue his printing business. The store costs $5000. He needed a loan from the bank to purchase this store. After receiving the loan he decided to pay off the Acer laptop. Prepare 3 financial statements and determine if Maysum is making money. To do: You are going to make up the ledger accounts…Imagine that you are a 25-year old finance professional. You wanted to buy the latest model of your favorite laptop brand. You intend for it to used for your passion project which is video-editing. In the past, you have been engaged by your friends to be their videographer and you received some compensation for it. Thinking that this might be a beginning of a new income source, you wanted to invest in a laptop to begin your project. You can either use your credit card to buy it now or you can wait for 18 months to save for it and purchase in cash. Will you buy the laptop now using your credit card or will you wait for the next 18 months to purchase it in cash? Why would you choose such decision? Answer this thoroughly.Do not round-off anything until you obtain the final answer. Allen has an odd job working as a breath odor evaluator. His job is smelling nasty breath that usually contains strong odors like coffee or garlic. His work assists companies that sell products such as gum and mouthwash. Allen wants to figure out how much money he would need to invest in order to have $118,000 in 8 years. Determine the amount of money he needs to invest if the interest is compounded continuously at a rate of 4.1%. Round your answer to the nearest dollar. Little Facts: Breath odor evaluators are typically employed by food or chemical companies. The job consists of evaluating breath odor before and after someone tests an odor reducing product. The breath is rated on a scale of 1 to 9, with 1 being the worst rating. Sources: www.careersearch.com3B www.careerbuilder.com $ Number
- Comparing payments and APRs of financing alternatives Because of a job change, Finn McBryde has just relocated to the southeastern United States. He sold his furniture before he moved, so he's now shopping for new furnishings. At a local furniture store, he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new, two-bedroom apartment; the total cost for everything is $6,400. Because of moving costs, Finn is a bit short of cash right now, so he's decided to take out an installment loan for $6,400 to pay for the furniture. The furniture store offers to lend him the money for 48 months at an add-on interest rate of 8.5 percent. The credit union at Finn's firm offers to lend him the money - they'll give him the loan at a simple interest rate of 13 percent, but only for a term of 24 months. Compute the monthly payments for the loan from the furniture store. Round the answer to the nearest cent.________$ per month Compute the monthly…Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufacturessophisticated spy cameras for remote-controlled military reconnaissance aircraft. The company, which isprivately owned, has approached a bank for a loan to help it finance its growth. The bank requires financialstatements before approving such a loan. You have been asked to help prepare the financial statements andwere given the following list of costs:1. Depreciation on salespersons’ cars.2. Rent on equipment used in the factory.3. Lubricants used for machine maintenance.4. Salaries of personnel who work in the finished goods warehouse.5. Soap and paper towels used by factory workers at the end of a shift.6. Factory supervisors’ salaries.7. Heat, water, and power consumed in the factory.8. Materials used for boxing products for shipment overseas. (Units are not normally boxed.)9. Advertising costs.10. Workers’ compensation insurance for factory employees.11. Depreciation on chairs…Shonta started a graphic design firm a year ago.The business has done well, but it needs a lotmore equipment, computers, and employees tocontinue expanding. Shonta thinks she can getall the money she will need from her bank. Whatadvice might you give to her?a. She is right—the bank is likely to lend her asmuch as she needs because banks primarilyfocus on supporting small businesses.b. She is crazy—banks do not lend money tosmall businesses but only to well-known,well-established organizations.c. She should sell her business immediatelybefore it fails because most small businessesfail during the first five years.d. She should not accept any new clients sothat she can end the need to add additionalequipment and employees.e. She should consider alternative sources offinancing because banks provide only a portion of the total capital to small businesses.
- According to the Brookings Institution, approximately 76% of Americans drive to work alone every day. Since owning a car is a big part of our lives, it is important to understand the true cost involved in a car loan. Brand new cars are more expensive but often can be financed at lower interest rates, while preowned vehicles cost less but often require a loan at a higher rate. In this activity, we will explore the difference in cost between financing a new vehicle and a preowned one. Consider two options for purchasing a Honda Fit LX: one is a brand new 2020 model with a manufacturer's suggested retail price (MSRP) of $17,945, and the other is a preowned, two-year old model listed for $15,000. Suppose you have saved $1500 for a down payment and the dealer has already included any applicable fees, including taxes, in the advertised price. You plan on taking 5 years to pay off the loan. The table below shows the price and interest rate for each option. Price Interest Rate 1.9% 2020 Honda…using excelAssume you've graduated and get the dream job and need transportation to go to work (problem definition)-so you need to purchase a car (objective).You would like to analyze your financial options to purchase the car you want andat the same time spent the minimum possible (decision making criteria).You prefer to pay around 3000$/year (requirements)but if it helps to reduce the cost you can pay more.Explore the options of (compare alternatives to save $) 1- Getting a loan of 20K over 5 years at 5%, how much is your yearly payments. Hint: (=PMT(i,n,p) ) 2- Searching for a better loan at 4%- how much you save? (compare total interest paid I1-I2)3- Try to pay up your loan quicker like 3 years- See how much you save in Interest paid. (compare total interest paid ) 4 - Negotiated the purchase down to 18.5K and see how much you save in interest. (compare total interest paid as well as the total paid) 5- Put down more money at the…Eric Hashimoto has a 2010 vehicle that he plans to update with a fancy navigation system that will give him access to road maps. He can buy one for $500. The service provider charges $20 per month. Eric is a traveling salesman and he figures that the device will save him time and money. He calculates that he will save about $35 per month because he will use less gas. Eric wants to calculate how many months it would take him to break even. His plan is to keep his current car for three more years. a)Calculate the breakeven point for the device in months. b)Should he buy the device?
- john has a great idea to setuo a pie and pastie factory. He needs $200,000 to buy the equipment and to lease suitable prmises for a year. He is not sure whether he should setup a company and issue 200,000 shares to his friends, or else try to borrow $200,000 from a bank to raise those funds. Explain to him the advantages and disadvantages of both alternatives.Instructions Sally owns the East End Pizza Shop. She has been so busy and successful; she wants to open a second store called the West End Pizza Shop. She has lined up investors and a bank loan but before she signs on the dotted line, she is going to crunch some numbers. Here is the information that she has compiled: . . . . . The cost of the new store's building is $200,000 The cost of new pizza ovens is $12,000 She will have to spend $50,000 to renovate the new building Sally wants to own the new shop for 5 years at which time she will close up and retire in Florida. In 5 years she expects to sell her business for $215,000 She expects to be able to sell 4,000 pizzas in the first year and 5% more pizzas each subsequent year The price of a pizza is $15.00 and costs $4.50 to make On average she sells 3.2 cans of pop with every pizza The price of a can of pop is $2.00 and costs $0.75 from the supplier Her electricity bill will be $500 per year She will have to pay $20,000 per year for…Shanice works in finance for a small manufacturing company and is working on next year’s budget. She has been doing research to compare the cost of outsourcing some upcoming jobs versus the cost of purchasing the equipment to keep the jobs in-house. In what step in financial planning is Shanice involved? Multiple Choice developing financial statements for outside investors forecasting short-term financial needs establishing financial controls and tax policy forecasting long-term financial needs