Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Establish and maintain payroll systems in Australia Finance sources Wega Polaris Tron 2 Group Volumetric Coffee Machine RentTryBuy for just $8.51 /day Was $10.64 /

Establish and maintain payroll systems in Australia

Finance sources

Wega Polaris Tron 2 Group Volumetric Coffee Machine

  • RentTryBuy for just $8.51/day Was $10.64 / dayYou save 20%
  • Or purchase outright $4,693.04 Was $5,866.30
  • Includes 10% GST

Hold onto the cash you need to run and grow your business!

  • Flexible, 12-month rental agreement
  • Manageable, weekly payments
  • Rental payments are 100% tax deductible
  • Upgrade or buy the equipment at any time
  • If you buy the equipment, you'll get back 75% of the net rental payments you've already made
  • Continue renting or return the equipment after 12 months

Finance offer:

The Silver Chef Rent-Try-Buy

Solution is perfect for restaurants and cafes that want to keep their options open. How? With Rent-Try-Buy Solution, you are not locked into a long term contract - It is a 12 month agreement that gives your business the flexibility to:

  • Purchase the equipment at any time and receive a 75% rental rebate of the rent paid in the first 12 months
  • Return the equipment at the end of the 12-month agreement
  • Upgrade to new equipment at any time
  • Continue renting as is from month to month - no need to sign an additional contract
  • Purchase at any time and receive a 75% rental rebate of the rent paid in the first 12 months
  • Return the equipment with no penalty. All you need to do is return the equipment in a clean and working order
  • Rental payments are 100% tax-deductible
  • Rental is off-balance sheet - meaning it does not affect your capacity to borrow for future expansion

Rent-Try-Buy

Upfront cost breakdown

Refundable deposit$357.42

1 Week rent in advance$59.57

Rental payments

Total rent paid @ 12 months$3,097.64

Out of pocket expenses after tax deductions*$2,323.23

Purchase the equipment

If after 12 months you know the equipment is right for you and you're in a financial position to pay out, you have the option to do so. You'll receive a 75% net rental rebate on your payments made in the first year.

After your 12 month Rent-Try-Buy product ends, you can:

Purchase price @ 12 months$2,839.07

Total ownership cost @ 12 months$5,162.30

Net ownership cost @ 12 months$469.30 or 10.00%

Amounts quoted above are indicative only and are based on standard equipment. Actual amounts may vary.

Based on Above Information:

1. Coffee machine brand:

2. A brief description of the finance offer:

3. What is the monthly payment amount?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 The coffee machine brand is Wega Polaris Tron 2 Group Volumetric Coffee Machine 2 Th... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions

Question

How did World War II shape Anna Freuds research and thought?

Answered: 1 week ago