1 aaronrsquos home furnishings has a cash only credit, Ask an Expert

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1. Aaron’s Home Furnishings has a cash only credit policy. Its current sales are 340 units per month at an average price per unit of $1,850. The variable cost per unit averages $840. How many additional units per month must the firm sell to breakeven on a switch to a 30-day credit policy? The interest rate per month is .4 percent.

2.50 units

22.22 units

6.75 units

18.69 unit

2. A project requires $68,468 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92858119

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