Sunset Photography requires a 40% deposit on all bookings. In March, they received deposits for weddings totaling $24,000. What is the total contract value of these bookings?
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- Please Tutor give me solutionYou have been offered a contract to work as a consultant. The company will pay you $6215 per month. In addition, once you complete the work in 4 years, you will receive $46865. Your required return is 6.57%, what is this contract worth today? show all step and fomular. AnswerA contract requires end-of-month payments of $240 for another 9 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 4.5% compounded monthly? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Investor would pay $
- The manager of Steve’s Audio has approved Daisy’s application for 24 months of credit at maximum monthly payments of $45. If the annual percentage rate (APR) is 19.2 percent, what is the maximum initial purchase that Daisy can buy on credit? Can the calculator and excel solution be provided?Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?Dale Cooper just signed an annual contract for $100 a month parking garage (twelve payments of $100). He considers his opportunity cost of money to be 12% annually for discounting. What is the present value of the parking contract?
- You take out an installment loan to purchase a sailplane costing $34,200. You make a down payment of $8,600 and finance the balance by making monthly payments of $1,156.72 for 24 months. Use the APR formula to find the APR.A Hepplewhite sofa costs $3,620 in cash. Jaquanna Wilson will purchase the sofa in 48 monthly installment payments. A 17% per year finance charge will be assessed on the amount financed. Find the finance charge, the installment price, and the monthly payment. The finance charge is $ (Type an integer or a decimal.)On January 1, a flower shop contracts with customers to provide flowers for their wedding on June 2. The total contract price is $3,000, payable in equal installments for the next six months on the first of each month (with the first payment due January 1). How much will be recorded as revenue during the month of April?