You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you an APR of 5.7 percent for a 60 month loan to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Monthly payment $
b. What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Effective annual rate
%

What is the most important type of decision that the financial manager makes?

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?