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?