After deciding to acquire a new car, you can either lease the car or purchase it with a four-year loan. the car you want costs $33,500. the dealer has a leasing arrangement where you pay $96 today and $496 per month for the next four years. if you purchase the car, you will pay it off in monthly payments over the next four years at an apr of 7 percent. you believe that you will be able to sell the car for $21,500 in four years. a. what is the present value of leasing the car? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what is the present value of purchasing the car? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. what break-even resale price in four years would make you indifferent between buying and leasing? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe

Organizations focus on facilities and systems during the stage in a work-unit activity analysis.