First, the quotation for each car model has to be obtained. The quotation must include the taxes including insurance.Then, a comparison is done taking into account the mileage and the maximum allotted budget for the other expenses which is $800.
Answer:
D. debit card
Explanation:
A debit card is an electronic card that enables customers to access their bank accounts via an ATM. An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.
A customer needs to have their debit card and the PIN to access their bank account via the ATM.
Answer:
$22,000 excess
Explanation:
The excess (deficiency) of cash available over disbursements = budgeted beginning cash balance + Total budgeted cash receipts - Total budgeted cash disbursements
The excess (deficiency) of cash available over disbursements = $21,000 + $193,000 - $192,000 = $22,000 excess
The excess of cash available over disbursements for July will be $22,000.
The maximum debt to capital ratio (measured as debt/total invested capital) the firm can use is 44.29%.
<h3>
Maximum debt to capital
ratio:</h3>
TIE:
TIE = EBIT / Interest
EBIT =$450,000 -$355,000
EBIT= $95,000
Interest:
4 = $95,000 / Interest
Interest = $95,000 / 4 = $23,750.
Amount of debt:
Amount of debt=$23,750 / .075
Amount of debt= $316.666.70
Debt Ratio:
Debt ratio= $316,666.70 / 715,000 ×100
Debt ratio=44.289%
Debt ratio=44.29%(Approximately)
Inconclusion the maximum debt to capital ratio (measured as debt/total invested capital) the firm can use is 44.29%.
Learn more about debt to capital ratio here:brainly.com/question/16820767
Answer:
1. IRR for the first investment: 13%
2. IRR for the second investment: 10%
3. IRR for the first investment give changes in cash flow: 4%
Explanation:
IRR is the discount rate that will bring project's net present value to 0. Apply this, we will calculate IRR in each given scenario:
1. -900,000 + (300,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 13%
2. -755,000 + 400,000/(1+IRR) + 500,000/(1+IRR)^2 = 0 <=> IRR = 10%
3. -900,000 + (250,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 4%
(all the answers have been rounded to whole percentage values as required in the question).