Calculate the total yearly revenue from these rentals. Emerald Bay Marina offers annual slip rentals with the following rates:•Small boats (20-30ft): $2,400 base rate•Medium boats (31-40ft): Base rate × 1.4Large boats (41-50ft): Base rate × 1.8Given that the marina has 15 small, 12 medium, and 8 large boat slips,calculate the total yearly revenue from these rentals.

To calculate the total yearly revenue from the boat slip rentals at Emerald Bay Marina, we can…

Answered: Emerald Bay Marina offers annual slip…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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25% of the price of a living room furniture is paid with a document with a face value of $4,000 and expiration in 30 days. 30% is settled through a payment within 60 days, another 30% with a document within 90 days of the purchase and the remaining 15% is left as an advance payment. Obtain a) The price of the furniture. b) The advance payment and the other two payments. c) The total interest charge. Assume that the furniture store charges 22.20% annually compounded by months on its credit sales.
An entertainment center is financed at a total cost of $2,308.47 including a down payment of $300. If the center is financed over 24 months, find the monthly payment. The monthly payment is $. (Round to the nearest cent as needed.)
Please use BA II when possible. A pottery factory purchases a continuous belt conveyor kiln for $48,000. A 6.2% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $428.13, over what term is this loan being paid? A. 14 years B. 15 years C. 13 years D. 12 years
The purchase price of a condominium is $122,500. A down payment of 26% is made. The bank charges $725 in fees plus 3 1/2 points. Find the total down payment and thr closing costs.
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Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow $5,000,000 for 70 days. Suncoast will borrow @ 9% annum using a discount loan. There will be $53,000 in up - front fees. a. Find loan amount b. Find interest. c. Find other cost/fees. d. Find compensating balance. e. Find m and period rate. f. Find Annual Percentage Rate, APR g. Find effective annual rate, EAR.
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A purchaser has a total weekly income of $788. The lender is using a 26% housing expense-to-income ratio. Based on this ratio, what is the maximum monthly loan payment that the buyer will qualify for? 98. $205 $820 $888 A. B. C. D. $2,459 A business produces an annual net income of $103,000. The annual operating costs total $31,000. T rate of return is 11%. What is the estimated value of the business? 99.
Use the following data: Purchase Costs Down payment: $4,800. Loan payment: $340 for 48 months Estimated value at end of loan: $5,100 Opportunity cost interest rate: 2 percent per year Calculate the costs of buying versus leasing a motor vehicle. Cost of buying Cost of leasing Leasing Costs Security deposit: $1,600 Lease payment: $340 for 48 months End-of-Lease charges: $765

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