Anny had been cutting hair for years and decided she wanted to open up a salon of her own. In order to do so, she knew she would need 3 new chairs at $1575 each; 3 mirrors at $199 each; 3 tables at $425 each; and the list went on - hairdryers, sinks, a cash register, etc. By the time she was finished, Anny's supplies totaled $7788.25, including sales tax. The supplier offered in-house financing of 24 monthly payments at $332.44 per month, with a 10% down payment. a) Find the amount financed, installment price, and the finance charge, presuming Anny goes with the financing available from her supplier.

Anny had been cutting hair for years and decided she wanted to open up a salon of her own. In order to do so, she knew she would need 3 new chairs at $1575 each; 3 mirrors at $199 each; 3 tables at $425 each; and the list went on - hairdryers, sinks, a cash register, etc. By the time she was finished, Anny's supplies totaled $7788.25, including sales tax. The supplier offered in-house financing of 24 monthly payments at $332.44 per month, with a 10% down payment. a) Find the amount financed, installment price, and the finance charge, presuming Anny goes with the financing available from her supplier.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 5E

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