
Deciding whether to pay cash or finance a purchase. Use Worksheet 7.2. Matilda Edwards wants to buy a home entertainment center. Complete with a big-screen TV, DVD, and sound system, the unit would cost $4,500. Matilda has over $15,000 in a
Matilda wants to know whether she should pay cash for the home entertainment center or buy it on time. (Note: While Matilda is in the 22 percent tax bracket she does not itemize deductions on her tax returns.) Briefly explain.

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- Question 3Footfall Manufacturing Ltd. reports the following financialinformation at the end of the current year:Net Sales $100,000Debtor’s turnover ratio (based onnet sales)2Inventory turnover ratio 1.25Fixed assets turnover ratio 0.8Debt to assets ratio 0.6Net profit margin 5%Gross profit margin 25%Return on investment 2%Use the given information to fill out the templates for incomestatement and balance sheet given below:Income Statement of Footfall Manufacturing Ltd. for the year endingDecember 31, 20XX(in $)Sales 100,000Cost of goodssoldGross profitOther expensesEarnings beforetaxTax @50%Earnings aftertaxBalance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX(in $)Liabilities Amount Assets AmountEquity Net fixed assetsLong termdebt50,000 InventoryShort termdebtDebtorsCashTOTAL TOTALarrow_forwardSolve correctly and no aiarrow_forwardSolvearrow_forward
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- If data is unclear or blurr then comment i will write it.arrow_forwardI need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.arrow_forwardcorrect an If image is blurr or data is unclear then plz comment i will write values or upload a new image. i will give unhelpful if you will use incorrect data.arrow_forward
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