The shortest loan period for the $15,000 car that would be under our $500 limit is the 36 month loan at a rate of $348.93 per month. 1b. Whether you can afford it or not, how much is the monthly payment for a $15,000 car for a 36 month loan? Answer: The 36 month loan is at a rate of $348.93 per month. 2a.
3. The rate variance is calculated by the difference between the $16.90 actual labor rate vs the $16 budgeted rate, then we multiply the difference by the 9000 actual labor hours which gives us an $8,100 unfavorable rate variance. To figure out the efficiency variance we multiply the $16 budgeted rate by the difference between the 9,000 actual labor hours and the 10,000 budgeted hours, giving us a $16,000 favorable efficiency variance. As a result of the difference between the rate and efficiency variances we end up having a $7,900 favorable flexible budget variance. 4.
Based on the statistical analysis, we can support the claim that the average (mean) annual income was less than $50,000. We cannot support the claim that the true population proportion of customers who live in an urban area exceeds 40%, the average number of years lived in the current home is less than 13 years and the average credit balance for suburban customers is more than $4,300. a. the average (mean) annual income was less than $50,000, | INCOME($1000) | count | 50 | mean | 43.48 | sample standard deviation | 14.55 | Ho: µ =50000 Ha: µ<50000 The test statistic is Z=(xbar-µ)/(s/√n) =(43480-50000)/(14550.7/√50) =-3.17 The p-value= P(Z<-3.17)= 0.0008 (from standard normal table). Since the p-value is less than 0.05, we reject Ho. So we can conclude that the average (mean) annual income was less than $50,000.
Name———————————————————————— Lesson 1.4 Date —— — — — — — — — — — — — Practice B For use with the lesson “Solve ax 2 + bx + c = 0 by Factoring” 1. 3x 2 1 10x 2 8 2. 2x 2 1 5x 2 3 3. 4x 2 1 4x 1 1 4. 2x 2 2 5x 1 1 5.
Making any reasonable assumptions that you need to make, estimate the economic value of Miracle Shield. (You may assume that Miracle Shield is the only alternative to a car wax available in this market. You may assume a labor cost of a person's leisure time who waxes his/her own car. Ignore the time value of money.) Economic Value Reference Value Oxidized Car Non-Oxidized Car $4 or $2/application $2 $2 Oxidation Cleaner $2.50 N/A Labor Savings of 2hrs ($5/hr) $10 N/A Savings in labor 20% of $10 $2 $2 Savings in Wax 20% of $2 $0.40 $0.40 Total Economic Value $16.90
Review the article: Is your own buying behavior influenced by coupons and sales? Why do you think J.C. Penney’s pricing strategy has not been successful as compared to other “low price” proponents like Walmart? Will Ron Johnson’s four-year plan be successful over the long-term? Why or why not? BUS 620 Week 4 DQ 1 Purchase here http://chosecourses.com/BUS%20620%20/bus-620-week-4-dq-1
FINA520 6th Assignment Warning: Student must use the Excel function wizard to calcaulate answers Student Name: SAPAN PANCHAL INPUTS USED IN THE MODEL P0 $50.00 Net Ppf $30.00 Dpf $3.30 D0 $2.10 g 7% B-T rd 10% Skye's beta 0.83 Market risk premium, MRP 6.0% Risk free rate, rRF 6.5% Target capital structure from debt 45% Target capital structure from preferred stock 5% Target capital structure from common stock 50% Tax rate 35% Flotation cost for common 10% a. Calculate the cost of each capital component, i.e., the after-tax cost of debt, the cost of preferred stock (including flotation costs), the cost of equity (ignoring flotation costs) with the DCF method and the CAPM method. Cost of debt B-T rd x (1-T) = A-T rd 10% 65% 6.50% Cost of preferred stock (including flotation costs) Dpf / Net Ppf = rpf $3.30 $30.00 11.00% Cost of common equity, DCF (ignoring flotation costs) D1 / P0 + g = rs $2.25 $50.00 7% 11.49% Cost of common equity, CAPM rs = rRF + b * MRP = 6.5% 4.98% = 11.4800% IMPORTANT NOTE: HERE THE CAPM AND THE DCF METHODS PRODUCE APPROXIMATELY THE SAME COST OF EQUITY. THAT OCCURRED BECAUSE WE USED A BETA IN THE PROBLEM THAT ESTIMATED FORCED THE SAME RESULT. ORDINARILY, THE TWO METHODS WILL PRODUCE SOMEWHAT DIFFERENT RESULTS.
In addition, we can estimated that a customer with a $4000 credit balance to have an income in between (41.7665, 46.6130) in $1000 using the 95% CI confidence levels to calculate the income level. At the same time, the average mean income is (41.7665+46.6130)/2= 44.19 or $44,190 rounded up to nearest dollar. We cannot really predict the credit balance of $10,000 as it is out of
Other fixed and variable costs are 40 per cent which allows 10 per cent profit per dollar. An increase in marginal costs will affect marginal revenue. Fortunately for the Snack Cart, the marginal cost does not greatly impact marginal demand. Dedicated customers are willing to pay the price in order to have their favorite products available in the manner they have grown accustom. The purchase price of supplies and products does not fluctuate so significantly that marginal revenue is affected unless there are weather-related events which create a decrease in supply.
E.g. A car with a weight of 1255kg will use approximately 4.82 L/100km. A car with a larger weight of 1818kg will use approximately 10.85 L/100km. Therefore with an increase of 563kg the car consumes an increase of 6.03 L/100km. Question 2: Your friend in the environmental group suspects that vehicles with manual transmission (population 1) is more fuel-efficient than those with auto transmission (population 2).