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You would like to buy a Harley Davidson and you can afford to make a down payment of $2,000 and pay monthly (end-of-month) payments of
- You would like to buy a Harley Davidson and you can afford to make a down payment of $2,000 and pay monthly (end-of-month) payments of $1,320. If the term is 36 months and the loan rate is 9% (APR), then what is the maximum that you can pay for the motorcycle?
a.$41,509.78
b.$43,509.78
c.$39,509.78
d.$40,095.71
- A firm has sales of $1 million, net income of $250,000, total current assets of $300,000, and accounts receivable of $200,000. The firm's accounts receivable turnover is
a.0.33 times.
b.0.20 times.
c.1.50 times.
d.5.00 times.
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