Tema
Q:
Multlple Select Questlon
Select all that apply
The finance function of business includes activities such as preparing budgets
\( \square \) planning for major expenditures of funds
\( \square \) performing cash flow analysis
\( \square \) creating sales forecasts
Q:
Multiple Cholce Questlon
The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and
prepare financial statements
maximize retained earnings
establish financial controls
Q:
Multiple Cholce Question
Is it more common for a firm to fail due to lack of sales or poor financial management?
Lack (shortage) of sales
Poor financial management
Q:
Multiple Cholce Question
Finance activities include preparing budgets, doing cash flow analysis, and
directing production activities of the firm
preparing accounting statements
planning for the expenditure of funds
Q:
Multiple Cholce Question
In any business, funds come into and go out of a business. What business function acquires funds for the firm and then manages those funds on a day-to-day
basis?
production
accounting
finance
operations
Q:
3. Now imagine Carlos gets his father to co-sign for him, and he is able to get a
lower interest rate of only six percent. He still wants a monthly car payment of
\( \$ 350 \), and he wants a 36 -month loan. He has \( \$ 500 \) for a down payment, and his
trade-in is worth \( \$ 800 \). The tax rate is seven percent. What is his vehicle price
budget now? How much will he save in interest because of the lower interest
rate?
Vehicle Price:
Interest Paid:
Total Spent:
Q:
Vehicle Price: \( \quad \$ 11,835 \)
Interest Paid: \( \$ 2,065 \)
Tax Paid: \( \$ 828.45 \)
Total Spent: \( \quad \$ 12,663 \)
2. If Carlos decides he wants a 60 -month loan instead, but all other factors
remain the same, what vehicle price can he afford now? How much more is
he paying in interest and tax, and how much more is he spending overall?
Vehicle Price:
Interest Paid:
Tax Paid:
Total Spent:
Q:
2. If Carlos decides he wants a 60-month loan instead, but all other factors
remain the same, what vehicle price can he afford now? How much more is
he paying in interest and tax, and how much more is he spending overall?
\[ \begin{array}{l}\text { Vehicle Price: } \\ \text { Interest Paid: } \\ \text { Tax Paid: } \\ \text { Total Spent: }\end{array} \]
Q:
1. Carlos can afford a monthly car payment of \( \$ 350 \), and he wants a 36 -month loan.
He has \( \$ 500 \) saved up for a down payment, and he owns a trade-in with a value
of \( \$ 800 \). The tax rate in his area is seven percent. He has been pre-approved
for an auto loan at a finance rate of 12 percent. Determine the price of a
vehicle he can afford. Additionally, record how much interest and tax he will
pay and the total_amount he will spend.
\( \begin{array}{l}\text { Vehicle Price: } \\ \text { Interest Paid: } \\ \text { Tax Paid: } \\ \text { Total Spent: }\end{array} \)
Q:
The tax on a property with an assessed value of \( \$ 65,000 \) is \( \$ 850 \). Using a proportion, find the tax on a property with an assessed value of \( \$ 117,000 \).
\( \$ \square \)
(Round to two decimal places.)
Tutores
AI
10x
La forma más rápida deObtenga respuestas y soluciones
Por texto
Introduce tu pregunta aquí…
Por imagen
Volver a cargar
Archivos subidos
xxxx.png0%
Enviar
