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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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if i have a pair of shoes and they cost $29.95 and the markup is 20% and the tax is 2% what is my final price?
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- f I want to buy a new house and currently have $45 000 and I need to have a 10%down payment plus an additional 5% of the loan amount in closing costs. If the type of house I want costs about$1 000 000 and can earn 9.5% per year, how long will it be before I have enough money for the down paymentand closing costs?arrow_forwardChristina Sanders is concerned about the financing of a home. She saw a small Cape Cod–style house that sells for $90,000. If she puts 10% down, what will her monthly payment be at (a) 30 years, 5%; (b) 30 years, 512%512% ; (c) 30 years, 6%; and (d) 30 years, 612%612% ? What is the total cost of interest over the cost of the loan for each assumption? (Round your answers to the nearest cent.)arrow_forwardYou see a TV for $1899 and the sign says 30% off. You also have a coupon for 20% off the sale price of any TV. The sales clerk says with that coupon you get a total of 50% off. Explain if she is correct. Be sure to include the cumulative percent decrease and the sale price for the TV is. The tax is 7.35%. what will the TV cost after tax?arrow_forward
- Laura wants to buy a delivery truck. The truck costs $114,000 , and will allow her to increase her after tax profits by $17,000 per year for the next 10 years. She will borrow 99% of the cost of the truck for 10 years, at an interest rate of 6%. Laura’s unlevered cost of capital is 15% and her tax rate is 22%. The loan includes a $2,000 application fee. What is the NPV of buying the truck on these terms?arrow_forwardif i work for $8.75 an hour for 10 hours a week and the new cars cost is $436, how many weeks including tax would i have to work to meet this goalarrow_forwardWillie is a boat dealer. He pays 28250 for a boat and uses a 30% markup on cost. At what price should willie resell the boat?arrow_forward
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