A cell phone company offers two different plans. Plan A costs $87 per month for unlimited talk and text. Plan B costs $0.20 per minute plus $0.10 per text message sent. You need to purchase a plan for your teenage sister. Your sister currently uses 1,750 minutes and sends 1,700 texts each month. 1. What is your sister’s total cost under each of the two plans? 2. Suppose your sister doubles her monthly usage to 3,500 minutes and sends 3,400 texts. What is your sister’s total cost under each of the two plans? Plans Total Cost 1. Plan A Plan B 2. Plan A Plan B

Q: You are planning a trip to Washington, DC, which is about 1,000 miles from your home. You would not…

A: 1,000 miles of bus fare = $200 10,000-miles of car cost = $4,600

Q: Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment.…

A: The monthly payment on a loan refers to the periodic payment extended by the borrower for loan…

Q: buys bottles of water from the grocery store, but is now considenng the nvironmental ramifications…

A: In cost of loan will increase the cost and that would increase the cost of manufacturing.

Q: A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay…

A: Present value refers to the money received today being more valuable than the money will receive…

Q: When preparing for a business trip to China, Kaylee Putbrese borrow for a simple discount note at 5%…

A: A simple discount, also known as a bank discount, is a financial concept that refers to the interest…

Q: A young couple planning for their future is considering purchasing a franchise for pizza business.…

A: Here, Cost = $35,000 Total years = 5 years interest rate = 3% per quarter compounded daily

Q: a. How many pizzas must he sell each month to break even under these conditions? b. If he is…

A: Break-even analysis assesses the point at which total revenue equals total costs, determining the…

Q: 1. Your best friend, Mario, makes the most awesome pizza in town! He’s decided to open a pizza shop…

A: Note: "Since you posted multiple questions, we will solve the first question for you. To get a…

Q: Merita is shopping for a new car. She checked her budget, and is comfortable with a car payment of…

A: Present value of annutiy is computed as follows:-PV = A*wherePV = present value of annuityA =…

Q: nsidering changing her cell p

A: Plan 1: $20 per weekTotal cost for 4 weeks: $20/week * 4 weeks = $80Plan 2: $20 per week with a…

Q: Your friend wants to buy a ring for $400 using a credit card. He would pay 2% of the price each…

A: Purchase price = 400 Monthly Payment = 8 N = 95 months

Q: find annual profit. That is, find annual profit for each of these combinations of charge per copy…

A: Fixed Costs are those costs which remain fixed irrespective of the level of activity. Variable Cost…

Q: You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per gallon. Re-…

A: Price per gallon (P) = $200 Number of gallons sold at price P (n) = 15 With every $9 reduction, 2…

Q: You work for a furniture store. You normally sell a living room set for OMR 4,000 and finance the…

A: Present Value:   The present value is the value of the sum received at time 0 or the current period.…

Q: We have offered to contribute $6,200 at the time of your purchase. The car plan to buy will cost…

A: Annuity means a series of finite number of payments which are the same in size and occur in the same…

Q: Suppose you want to buy some new furniture for your family room. ● You currently have $500, and the…

A: The number of periods can be computed using the NPER Function in excel.

Q: You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $200 for…

A: Step 1:Equivalent Monthly Cost=Initial Cost*(r/12)/(1-1/(1+r/12)^n)+Monthly charges  Step 2:Carrier…

Q: Camila Torres wants to buy a new high-end audio system for her car. The system is being sold by two…

A: The APR of a loan refers to the interest rate that the borrower pays on the amount that has been…

Q: wants to buy a new jacuzzi. The jacuzzi costs $1500 Teagan decides to finance the jacuzzi for 36…

A: Loans make easy to buy anything because you have to pay by monthly payment which are easy to pay and…

Q: You are buying and reselling items found at your local thrift shop. You found an antique pitcher for…

A: MARKUP  Markup % is the ratio between the gross profit & total sales. Markup = {(Sales - Cost)…

Q: * Use spreadsheet functions to solve the following. (Do not use the TVM formulas by hand unless you…

A: Here, Monthly Contribution is $210 Interest Rate for 36 contributions is 5.2% Interest Rate after 36…

Q: If your vacation cabin had rainwater harvesting, you could use it more often. Your water utility…

A: Capital budgeting is the process that is utilized in making sound capital budgeting decisions…

Q: To buy some furniture, Asmaa can put $150 down and "don't pay a cent" for 6 months. At the end of 6…

A: Price of furniture is sum of amount financed and the down payment. Amount financed is calculated by…

Q: Zoë is buying a new car. Because of her excellent credit, Zoë is getting her financing at 3.25% APR.…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: 1. Lina wants to remodel her kitchen. Her contractor has quoted her $2,500 for the project. Lina…

A: Data given: Principal = $2500 Interest rate = 2% monthly Payment per month = $250

Q: Maria and John decide to shop for furnishings for the new house.  They choose items that amount to…

A: Formula for simple interest  Future value =Principal + interest rate x number of years

Q: Claire wants to buy a new jacuzzi. The jacuzzi costs $$⁢1550. Claire decides to finance the jacuzzi…

A: Financed amount refers to an amount taht is being borrowed by the borrower from the lender at some…

Q: You want to buy a home.  You can borrow 95% of the purchase price.  Assuming you can make a down…

A: To calculate the price of home we will use the below  formula   Home price = Down payment/(1-Loan to…

Q: A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay…

A: First we need to calculate present value of lease payments by using equation below. Where PMT=…

Q: You are trying to decide between two mobile phone carriers. Carrier A requires you to pay   $210…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: You are getting married! Time to shop for a ring. The ring you want is priced at $9,000 with 0%…

A: Given that: Price of ring for 0% financing for 60 months = $9000 Cash price = $7500

Q: Steve Scooter plans to sell a standard scooter for $500 and chrome scooter for $650.  Steve…

A: Break Even point in units = Fixed costs/Weighted average contribution margin

Q: Andy wants to buy a car that costs $22,750. The dealership will finance the car for 5 years, at…

A: A loan is an agreement where an amount is forwarded in exchange for a periodic payment which would…

Q: Lisa would like to buy some furniture for the new home. Good Home Furniture offered her the maximum…

A: The maximum furniture that Lisa can afford is equal to the present value of the maximum credit…

Q: (i) Calculate the annual accounting profit of Ashely's snack business. (ii) Ashley will be involved…

A: Accounting profit vs Economic profit  For users of financial reporting, the accounting profit or…

Q: Which credit card should he choose? his total anual expense for card A will be ? round to the…

A: Given:Card ACard BAPR22%22%Annual Fee ($)040Monthly balance ($)699699

Q: Ursula wants to buy a $21,000 used car. She has savings of​ $2,000 plus an​ $800 trade-in. She wants…

A: The monthly payment is the payment that includes the principal amount as well as interest amount and…

Q: t’s time to get a new laptop that is $2500. If you save up for it each month it will take one year…

A: monthly payment formula: pmt=p×rm1-1+rm-m×n where, p = principal amount r = rate of interest m =…

Q: A couple with a newborn baby needs a new vehicle. They take out a $29,000.00 car loan at 8.9%…

A: Given: A couple with a newborn baby needs a new vehicle. They take out a $29,000.00 car loan at 8.9%…

Q: Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers thee…

A: Net present value: The difference between the inflow of cash and outflow of cash during the period…