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1. Todd can afford to pay $360 per month for the next 7 years in order to purchase a new car. The interest rate is 6.2 percent compounded monthly. What is the most he can afford to pay for a new car today?

$24,248.59

$24,482.10

$37,743.93

$25,298.17

$23,257.99

2. Sales Revenue                                     54670000

Cash Operating Costs                         47562900

Depreciation                                        3513000

Total Operating Costs                         51075900

Operating Income EBIT                     3594100

Interest Expenses                                623000

Taxable Income                                   2971100

Taxes                                                   1188440

Deferred Income                                 171500

Net Income                                         1611160

Using a Cash flow statement for the year, Explain how Greg would sum up the company’s cash position?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92829744

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