Joe makes $15 per hour and works 40 hours per week. 30-year mortgage interest rate of 6.25% and a monthly payment of $439.00 15-year mortgage interest rate of 5.25% and a monthly payment of $575.00 Down payment: 5% minimum Taxes last year were $375. Insurance is $250 per year. What you are looking for: 1. Can Joe afford the monthly payments with taxes and insurance for either a 30 or 15 year mortgage?
(5 points) Annual income Hourly wage 2005 U.S. federal poverty line for a family of four $19,350 $9.675 2005 U.S. median household income $46,326 $23.163 2. For each of the professions in the left column, calculate the annual pay based on full-time, year-round employment consisting of 2,000 hours a year (40 hours per week for 50 weeks each year). Record your calculations under "Annual income" in the table. Then, find the difference
The difference between the models is in the cost of the parts. The following data are available for June. Fin-X 10,000 $20 Sci-X 40,000 $25 Total 50,000 Number of units Parts cost per unit Other costs: Direct labor Indirect materials Overhead Total $62,000 17,500 70,500 150,000 Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Fin-X and Sci-X models for June. Fin-X Total operation cost Total number of units Cost per unit Allocation of operation cost Units Operation cost (@ $3 per unit) Materials cost Total Cost Number of units Unit Cost 10,000 Sci-X 40,000 Total $150,000 50,000 $3 10,000 $30,000 $200,000 (10,000 * 20) $230,000 10,000 $23 40,000 $120,000 $1,000,000 (40,000 *25) $1,120,000 40,000 $28 50,000 $150,000 The cost of Fin-X per unit is $23.
2. Based on the following, calculate the costs of buying and of leasing a motor vehicle. Purchase Costs Leasing Costs Down payment $1,500 Security deposit $500 Loan payment $450 for 48 months Lease payment $450 for 36 months Estimated value at End of loan $4,000 End of lease charges $600 Opportunity cost interest rate: 4 percent 3. You can purchase a service contract for all of your major appliances for $180 a year. If the appliances are expected to last for 10 years, and you earn 5 percent on your savings, what would be the future value of the amount you would pay for the service contract?
Estimate how much profit P&G can expect to generate in 2011 from Sesame Street Pampers 5. Estimate Sesame Street Pampers’ market share in 2011. The market for disposable diapers is generally considered mothers between the ages of 18 to 45 that select the diaper. (There are other institutional segments such as hospitals, businesses, and daycare facilities.) A baby averages 5 diapers per day for 30 months.
CCC = [Wd x R(Rd) x (1 – T)] + [We x R(Re)] Target capital of 50% with before tax rate of 10% the tax rate is 40%, T and the cost of equity is 15.40 %, = [0.50 x 10% x (1 – 0.40)] + [0.50 x 15.40%] = 15.70% 5- Describe the four (4) steps of capital budgeting analysis. 1-
Suburbs Friends of ours, Dan and Heather, built a house in a small town about 35 kilometres from Lethbridge, AB. Their home cost $320,000 – about $100,000 less than a similar home in Lethbridge – and their lot is twice the size. Heather works in town, and Dan works in Lethbridge. His drive to the office takes about 35 minutes each way. Between his daily commute, and their trips into Lethbridge for grocery shopping and entertainment, they spend $550 a month on gas.
Its cost was $12,000, it has a ten-year life, and straight-line depreciation will be taken. SOLUTION: 1. Factory Overhead Cost Budget Percent of normal capacity 80% 90% 110% Number of units 4,000 4,500 5,500 Number of standard direct labor hours 16,000 18,000 22,000 Budgeted factory overhead: Fixed cost: Depreciation on building and machinery $ 1,200 $ 1,200 $ 1,200 Taxes on building and machinery 500 500 500 Insurance on building and machinery 500 500 500 Superintendent’s salary 1,500 1,500 1,500
Of the eight functional employees, four were assigned to the project full-time and four employees were assigned to the project part-time. The project was planned and scheduled and it was determined that for the duration of the project a total of 2,080 man-hours per month were required to complete the project. It was also determined that the average hourly wage was about $60.00 an hour per person. Six months into the project, Jerry was informed that due
The team’s manpower level was constant at 2,080 hours/month with each person incurring a cost of $60.00/hr., fully burdened. At the end of June, with 4 months remaining, Scott Corporation informed Park Industries that due to cash-flow problem, follow-on work will not be rewarded until March 1988. Jerry is now worried that he would have to break up the project team after the Scott project is done and he will not be able to get the same people for the upcoming projects. Good project office personnel are always in demand. Jerry estimated that he needed $40,000/month during the “bathtub” period to support and maintain his key people.