??? Wilderness Kayak Rentals structured payment system: (Financial Accounting)First hour rate: $35Each subsequent 30 minutes:Reduces by $5 from previous 30-minute rateMinimum charge $15 per 30 minutesCalculate 2.5 hours cost.

Explanation of First Hour RateThe first hour rate is the initial charge applied for using the…

Answered: Wilderness Kayak Rentals structured…

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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A bill for a motorboat specifies the cost as P1, 200 due at the end of 100 days but offers a 4% discount for cash in 30 days. What is the highest rate, simple interest at which the buyer can afford to borrow money in order to take advantage of the discount? Ans. r = 21.4%
Please help me with this correct thanks alot
Complete the following table: Amount Number of monthly Amount of monthly Total of monthly Total finance Purchase price of product Schwinn Mountain Bike Down payment financed payments payments payments charge 238 %24 100 12 12.50 acer %24 %24
Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs Security deposit Buying and Leasing Total purchase cost Total leasing cost $ 1,700 + $ 620 for 36 months $ 4,500 Lease payment $ 530 for 36 months. $ 740 End of lease charges. Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. 4 percent $ 1,180 Pro 4 of 4 Next Che
Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs $ 1,500 $ 690 for 36 months $ 4,300 6 percent Security deposit Lease payment End of lease charges $ 1,130 $ 1,080 $400 for 36 months Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. Buying and Leasing Total purchase cost Total leasing cost
5. Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.)30-day billing cycle9/16 Billing date Previous balance $ 2,600 9/19 Payment $ 66 cr. 9/30 Charge: Home Depot 1,800 10/3 Payment 66 cr. 10/7 Cash advance 76 Annual finance charge is 18.5% on average daily balance. Average daily balance $ Finance charge $
Directions: 1. At the beginning of the month, you have a balance due of $3,000 and plan to pay off $200 a month while making additional purchases of $115 each month. 2. Use the interest of 18% and an annual fee of $49 to complete the repayment chart below. Interest Rate: 18% (APR); 1.5% monthly Annual Fee: $49 Month Balance Payments Purchases Interest and Interest and Fee (Month) Fee (Total) 1 $3,000 $200 $115 $49 $45 $94 $3,009 $2,969.14 $200 $115 $45.14 $139.14 5 6. 7. 8. 9. 10 11 12 Month #2 (Model): $3,000 (Balance) - $200 (Payment) + $115 (Purchases) + $49 (Annual Fee) + $45 (Monthly Interest Payment) = $3,009 Month #3 (Model): $3,009 (Balance) - $200 (Payment) + $115 (Purchases) + $45.14 (Interest) = $2,969.14 Month #4 Month #5 Month #6 Month #7 Month #8 Month #9 Month #10 Month #11 Month #12 Summary: What can you do as a wise consumer to avoid this debt in the first place or to pay it off quickly if you make mistakes and end up in a similar situation?
Purchase Costs Down payment $2,100 Loan payment $530 for 36 months Estimated value at end of loan $4,900 Opportunity cost interest rate 7 percent Leasing Costs Security deposit $1,410 Lease payment $520 for 36 months End of lease charges $1,430 Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. find total purchase cost and total leasing cost.
Payment Calculator Property Location Fullerton Payments per year 12 Property Cost $750,000 Total Payments 360 Down Payment $75,000 Interest (APR) 4.00% Loan Amount $675,000 Payment (per month) Period (Years) 30 Pleasae use the formula PMT to determine the payment per month.
I want to this question answer general Accounting
A $15,000 personal loan charges a rate of 6%, compounded monthly and charges a $250 administration fee at the outset. What is the effective cost of the loan? 6.06% 6.10% 6.17% 6.27% The answer is 6.27% but I would like to know how to solve this problem. Thank you.
Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs Security deposit Lease payment End of lease charges Buying and Leasing $ 2,100 Total purchase cost Total leasing cost $ 530 for 36 months $ 4,900 7 percent $ 1,410 $ 520 for 36 months Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. $ 1,430

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Wilderness Kayak Rentals structured payment system: (Financial Accounting) First hour rate: $35 Each subsequent 30 minutes: Reduces by $5 from previous 30-minute rate Minimum charge $15 per 30 minutes Calculate 2.5 hours cost.