5. Your friend Tom Jones would like to borrow $450 today and promises to pay...
80.2K
Verified Solution
Link Copied!
Question
Finance
5. Your friend Tom Jones would like to borrow $450 today and promises to pay you back $10,500 in 25 years? What would be the key considerations in answering this question? Would your answer depend on if this arrangement was made with the Government of Canada. Write a brief paragraph explaining your answer.
ii. Your friend Tom Jones just got a new job and is presented with his first important project. He has been asked to determine the appropriate selling price for the new fidget spinners the company will be selling. The tax rate is 39%, the company expects to sell 21,000 fidget spinners, interest expense will be 21,000, fixed costs 117,000, variable costs are $15.89 per fidget spinner, depreciation will be 108,500 and operating cashflow is $157,963. What should the selling price be of the fidget spinners be?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.