StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Problem Set 6 and Car Buying Assignment - Research Paper Example

Cite this document
Summary
Insurance and Car Buying Name of the student: Course code: Date due: Instructor: Calculations for Problems Set 6 And 7 Problem Set 6 Solution to question 1 A. Amount paid by the insurance company= ($835-$500) =$335 B. Amount paid by the insurance company= ($1300-$250) =$1050 C…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Problem Set 6 and Car Buying Assignment
Read Text Preview

Extract of sample "Problem Set 6 and Car Buying Assignment"

Download file to see previous pages

f $8,143= ($1221.45+$750) =$1,971.45(deductible) Stop-loss feature policy=$3,000 =$3,000-$1,971.45=$1,028.55 Sarah’s friend was not right due to the fact that the stop loss policy was expensive (Ferenc, 2011). Solution to question 5 Coverage=80% out total expenses Deductible=$500 Medical expenses=$1,100 Amount paid by the insurance=? =$1100-$500=$600 80% of 600=$480 Problem Set 7 Solution to question 1 Total assets=$225,000,000 Total liabilities=$5,000,000 Total shares=$4,400,000 Net asset value= (total assets-total liabilities)/total number of shares Net asset value= ($225,000,000-$5,000,000)/4,400,000=$50 per share Solution to question 2 A Amount invested=$10,000 Interest rate =8.

5% Mortgage=$90,000 Selling price=$120,000 Purchase price=$100,000 Gross profit= ($120,000-$100,000) =$20,000 B. Net profit/loss=gross profit-interest paid for the three years Interest paid for the three years= (8.5%x 90,000x3) =$22,950 Net profit or loss=$20,000-($7,650x3) =$20,000-$22,950= -$2,950(loss) C. Rate of return= $(-2950/20,000) x 100% =14.75% Solution to question 3 Total assets=$108,000 Total liabilities=$16,800 Net worth=total assets –total liabilities Net worth= (108,000-16,800) =$91,200 Solution to question 4 Amount accumulated=$4,000,000 Period=45 years 3 children and 5 grandchildren A.

According to objective 4 Barry and Mary can gift $13,000 each to anyone of their choice. Amount gifted to the three children= ($13000 x 2 x3) =$78,000 B. For grand children= ($13,000 x2 x5) =$130,000 C. Total amount of estate remove = ($130,000+$78,000) =$208,000 Solution to question 5 A Return on investment= ($240,000-$200,000)/200,000) x 100%= 20% B. Amount invested=$20,000 Amount borrowed=$180,000(interest free) Return on investment= ($240,000-$200,000) =$40,000 ($40,000/$20,000)100=200% Car Buying Assignment The new Mercedes M class that is ML350 sport utility is one of the recent models from Mercedes Benz in the market.

The car is affordable and within the budget constraint hence creating an opportunity to individual the chance of ownership after considering a number of factors such as price, registration expenses ,taxes and the maintenance costs (www.cars.com)The choice of this car majorly depends on the market price, for instance in this case, the car is priced at 65,000 dollars when all the costs have been incorporated. The amount of tax payable by the buyer is also fair because if one was to buy this car then they will pay tax at the rate of 8 percent up to 60 months, this result into a reasonable monthly payment of 838.

48 dollars. In this case, it is very important to consider the element of tax before one buys a particular car so as to enable the preparation of an appropriate budget which enables one conform to the right budget without straining financially (Paul and Champion, 2005). In addition, the costs such as fixing costs and registration will vary depending on the model of the vehicle that one wants to purchase. Therefore, factors of price, tax, registration costs and fixing costs should be given a priority especially before an individual

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Problem Set 6 and Car Buying Assignment Research Paper”, n.d.)
Problem Set 6 and Car Buying Assignment Research Paper. Retrieved from https://studentshare.org/mathematics/1438304-problem-set
(Problem Set 6 and Car Buying Assignment Research Paper)
Problem Set 6 and Car Buying Assignment Research Paper. https://studentshare.org/mathematics/1438304-problem-set.
“Problem Set 6 and Car Buying Assignment Research Paper”, n.d. https://studentshare.org/mathematics/1438304-problem-set.
  • Cited: 0 times

CHECK THESE SAMPLES OF Problem Set 6 and Car Buying Assignment

Consumer Decision Making Process

This paper, Consumer Decision Making Process, will analyze the characteristics affecting the consumer behavior, types of consumer buying decisions, and components that affect the decision making process.... From this paper it is clear that considering the case of Williams, it seems that personal and psychological characteristics influence his buying behavior more than cultural and social factors.... Since Williams is in his early 30s, technical features of the product are more likely to influence his buying behavior....
8 Pages (2000 words) Assignment

Flour Mixtures, Fruits and Vegetables

Also, one can make gluten free goods due to health and fitness reasons; although he or she is not allergic to gluten. During the baking of quick bread, the… The importance of these strands is to trap air during the rising of bread; this gives bread its final appearance.... The fat used prevents the proteins in the flour from sticking together; making due: Assignment 4: Flour Mixtures, Fruits & Vegetables Part Identifying Flours Flour comes in many varieties....
5 Pages (1250 words) Assignment

Language Related Tasks Assignment

This would mean that they use ‘lives' in place of leaves in a sentence of the reverse. Students may have a problem combining the… It is also a challenge when some students mix the clauses of type I (possible to fulfil) which uses simple present form of the verb ‘to have'; type II which uses simple past form of the verb and type III which To get clear difference of the two, one may ask the question; does anybody know her?...
3 Pages (750 words) Assignment

How to Separate the Results and Discussion

Hypothesis is an explanation for a set of observations.... This happens because a hypothesis that is based on inductive reasoning lead to a more careful study of the situation at hand.... Inductive reasoning has been used to come up with qualitative research.... This is so because it… The research ends up being appreciated worldwide. Inductive reasoning has been used to settle problems basing on either truth or false....
2 Pages (500 words) Assignment

The Earning Effects of Marketing Communication Expenditures during Recessions

One of the most recent purchases did not involve a product; it rather involved buying a service.... Interview two shoppers about a recent experience in which each purchased items totaling over $200.... Have them describe the shopping experience in detail.... Keep track of the number of feelings that they mention....
12 Pages (3000 words) Assignment

NCI corporation

uestion 3The number of caskets, I will sell to the different target purchasers depend heavily on the respective buying price the target buyer will offer.... The number of caskets, I will sell to the different target purchasers depend heavily on the respective buying price the target buyer will offer.... Mew manager should be hired since the present manager has not helped to control the problem of slowdowns wisely rather than laying off the workers....
2 Pages (500 words) Assignment

Valuation & Investment Appraisal

The present assignment under the title "Valuation & Investment Appraisal" is focused on the small Property Fund located in North West England.... It is mentioned here that the Fund has built up a commercial property portfolio over the last few years.... hellip; Using the income method, the] most basic approach for a potential buyer is to calculate the rate of return by dividing the net annual income (gross earnings, fewer expenses) by the purchase price of the property, added to any improvements that might be needed to keep it in service (Jannen, 2010, Pgh....
10 Pages (2500 words) Assignment

Eco-Friendly Hybrid Car

… The paper "Eco-Friendly Hybrid car" is a wonderful example of an assignment on environmental studies.... The paper "Eco-Friendly Hybrid car" is a wonderful example of an assignment on environmental studies.... Text 1 is on an assignment about the desirability of hybrid cars over petrol engine powered vehicles....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us