household goods: $280.00 (spent approximately $20 a week) Personal hygiene: $300.00 Credit card payments: $680.00 per term Total: $9,000.00 The combined total of the two: $11,966.00 This term I was awarded a total of $9,500 in federal student loan refunds. The difference between the amount I was awarded to the combined total amount is $2,466.00. For the next term and all of the following terms, my total estimated cost is going to be $8,400.00 so that would roughly leave me $1,100 for text books, seminars, and board exams. This means that I will not have this same problem in the future and will be financially able to support
|Name: Lauren Reed |Date: 3/31/15 | Graded Assignment Practice: The Loan Ranger Answer the following questions based on what you have learned. You may need to search for an online loan calculator to answer the questions. (10 points) |Score | | | 1. The owners of a successful restaurant want a loan for $50,000 to renovate the kitchen and expand the dining room. They expect that the extra tables will add between $2,000 and $5,000 to the restaurant’s monthly revenue.
3a. What is the shortest loan (36 months, 48 months, 60 months or 72 months) that has a monthly payment within your $500 budget that will allow you to buy the $45,000 car? Answer: Through Bank of America, I found a rate of 2.99% for the 36, 48 and 60 month loans. We are able to put down 20% and will need to finance $36,000. There is no loan period for the $45,000 car that would be under our $500
How many f’s are I the following statement “Fred was walking down the street wondering if he should find a new favourite restaurant to eat dinner at or if he should just go to his families house for dinner” 4. Johnny bought 15 shirts for $170 and sold all 15 for $10.99 each, did he make a profit? 5. Without writing down his name how many letters are in the name of the current US president? 6.
WEEK 7 TAX RESEARCH MEMORANDUM #1 FROM SUBJECT Deductions for the cost of meals for day trips Two of my clients, Tracey, a sales representative for a national pharmaceutical company and Mark, a ferryboat captain, have come to me with questions regarding allowable deductions of the cost of meals during their day trips. In both situations, their days last from 15 to 19 hours. FACTS Tracey visits customers in a company-owned vehicle. During these long day trips, she will pull over in locations such as rest areas and take a short nap in the backseat of the car. Mark captains a ferry that takes tourists on a roundtrip from Seattle to Victoria and back.
(a) $100 bill found under the sugar caddy at the restaurant (b) Inheritance of a car from your grandmother valued at $5,000. (c) Loan from your father-in-law to start your business, (d) Child Support received totaling $16,500. (4 pts) The inheritance of a car from your grandmother valued at $5,000 would be excluded from income as long as the $5,000 was under the caps. The tax code where you would find this would be under sections 101-139. Chapter 5 3.
They can have stands around the field for food and drink and merchendise. Our financial director Callum worked out how much things would cost, The entry fee is £3, we have no v.i.p area’s or restricted area’s every can go anywhere but may have to pay another £3 to enter a different section. To rent our Western avenue field for 3 days it would cost us £450,Security would be £1500 for 20 people, Radio advertisement 2 weeks before would be £1000, we have a copy of our finances if you want to take a look. Our estimated final price would be £5,470 but may rise or decrease. We will use the sponsers and bank loans to pay for this service.
We will put down $3000 each and the rest will be donations from friends and family. Our fixed assets are for continuing use, which is, office space, airline discounts and other fixed assets like office equipments and accessories and utility bills like electricity. Our variable costs will change because of the different activities of the business dealing with labor and advertising. Below we have our cash flow projection for the next five years. We estimated how many customers we need to breakeven each year.
3 Purchased washers and dryers for $25,000, paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable. 4 Paid $1,200 for a one-year accident insurance policy. 10 Received a bill from the Daily News for advertising the opening of the Laundromat $200. 20 Bob withdrew $700 cash for personal use. 30 The company determined that cash receipts for laundry services for the month
Add a Dinner Salad or Caesar Salad 4 .15 . Seniors, 62 or over, may enjoy lunch menu prices 7 days a week Indicates New Items .19 .95 lb . peeled