Bob bought a car priced at $12,995. He paid $3,500 cash and borrowed the balance. This loan was to run for six years with simple interest at 12 % pa. What is the total cost of the car including interest?
(b) If the retail tax is reduced to $14 by what amount will the retail price fall?
What amount of sales would the representative have to make to earn the same amount of commission as her present day salary?
A company depreciates the following assets using the reducing balance method. Determine the written down value to the nearest dollar for;
Average Sales value of a Photo Album $35.50 Average purchase value of each Album $18.50 His estimates annual expenses have been calculated as follows.
Staff wages $50,000
You are required to calculate the Break-even point and provide a proof statement for the business for a 12 month period. You also need to show your calculations for Contribution margin, Total annual fixed costs, Break even pint and then finish with the Proof statement.
Phillipe has been advised by the Managing Director that his profit margins on wine sold in the formal dining room need to be increased. Phillipe believes one way of increasing margins is to take advantage of discounts offered by wholesale wine merchants to reduce the cost price of wine sold, thereby increasing wine profit margins.The hotel’s current wine merchant (Bartons) has offered the following discounts:
In order to make a decision regarding which wine merchant to use, Phillipe has asked for an analysis showing the discounted price of wine using multiple discounting:
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