You have purchased a pre-owned motor vehicle in terms of a suspensive sales agreement. You are required to pay monthly instalments from today, 1 June, 2x01 to 1 May 2x06. The cash price of the car is R128 496.00. Finance charges are linked to the prime overdraft rate; the rate is prime plus a premium of 1% per annum. The prime rate is currently 8% per annum, interest compounded monthly.

Required:

(a) Determine the equal monthly instalment amount required to purchase the motor vehicle over five years.

5. An investment proposal has an outlat of $60.000 today and annual cash inflow of $15,000 from year 1 to year 6. Find its net present value of the required rate of return is 15%. Is the investment viable?

6. A debt of $5,300 due in four years and another $11,500 due in twelve years will be settled by making two equal payment, one at the end of six years and the other at the end of 9 years, Find the total payment assuming that money is worth 8% compounded quarterly. Use the twelve years as a focal date.

7. On 5 februrary 2012, Anna borrows $80,000 and agree to repay the loan in 110 days at 9% per annum simple interest, Find the simple amount of the loan and the settlement date of the loan, Using the bankers rule

8. The net price of an item listed for $1,500 after deducting trade discount of 20%, 15% and x% is $969. FInd X

9. AAA and BBB need an additional $6565 for a down payment on a home they hope to buy in 2 years, They invest $808 at the end of each quarter in an account earning6% compounded quarterly. Find the amount of the annuity and the interest earned.

10. Find the value in 2 years time of $4,444 invested at 5% compounded annually. In the following 2 years, the interest rate is expected to rise to 8%. Find the value of the investment at the end of the 4 years period, and find the overall percentage increase.

11. A debt of $5,555 due 5 month ago and another $8,888 due in 12 month are to be settled by making three equal payment. One at the end of the two months, One at the end of six months and the other at the end of ten months. Find the size of payment using. the seconf month as the focal date. Assuming money is worth 9% per annum simple interest.

12. Four years ago John borrowed $3000 from Arlette. The principal with interest at 10% compounded semi-annually is to be repaid six years from the date of the loan. Fifteen month ago, John borrowed another $1500 for 3 and haly year at 9% compounded quarterly. John is now proposing to settle both debts with two equal payment to be made 2 and 3 and half years from now. what should the payment be if money now earns 8% compounded quarterly.

13. Mathew buys a house for $250,000, He makes a 10% down payment and finances the balance through a bank for 25 years. A. if the interest rate is 7% compounded monthly, find the monthly payment that Mathew has to make to settle the loan. How much is the total interest charged? B. Suppose Mathew misses the first four payments. How much should he pay on the fifth month if he wants to settle the outstanding arrears? C. Immediately after paying for 15 years, Mathwe wants to settle the loan in full, How much is the amount he needs to pay?

14. Nania bough a piece of land for $150,000, She made an initial down payment of $40,000 and the balanced is financed through a bank. For the repayment of the bank loan, She has to pay $1975.50 a month. A) If the bank rate is 12% compounded monthly, Find the number of monthly payment that will settle the loan. B) If Nania intends to settle the loan by making a final payment immediately after paying the first 40 monthly payment, Find the value of this payment. What is the total interest payment she has to pay? C) If Nania intends to settle the loan by making a final payment on the 41st payment immediately after paying the first 40 monthly payments, Find the value of this payment.

15a. What is an annuity?

b. Fatimah purchased a house costing $450,000. She made a down payment of 10%, The balance was borrowed from Capital one bank which charges 9% compounded monthly. to setle the loan, Fatimah had to make equal monthly payment for 15 years.

i) How much is the down payment ii) Find Fatimah's Monthly payment iii) Find the total interst that she has to pay.

Pls answer all parts forUpvote

Sound-Around Turntables (SAT) is aregional manufacturer of high fidelity turntables. It has been inbusiness in Detroit, Michigan since 2008 and has steadily increasedsales volume as U.S. sales of vinyl albums re-ignited.

Robert Ritchie, CEO for SAT received anorder for 2,500 turntables for Best Buy, a national electronicsretailer. Production for this order will begin in late March andthe customer order must be delivered on June 1. Since SAT builds toorder, Ritchie needs to begin ordering parts from his global supplybase soon.

An important needed component is theturntable motor that is normally purchased from Dongguan Electric.The supplier is located in Kaohsiung City, Taiwan. The product ishigh quality and SAT has worked with Dongguan for 7 years. Allunits in the order would be shipped at one time. However, thecompany recently raised its prices citing higher material costs dueto rising tariffs.

Last week, Ritchie received a proposalfrom an Argentinian company that wants to become a supplier to SAT.Maduro Motors promises to make monthly deliveries of 500 unitsstarting on December 15. Ritchie likes the idea of reducing thesupplier-to-factory distance and receiving monthly deliveries.However, Ritchie doesn’t know much about this supplier or thepolitical environment in Argentina.

The Options

Dongguan Electric currently sells the20W synchronous motor to SAT for 825 TWD per unit. Order cycle timeis 46 days. Terms are listed as DAT, Chicago Tradeport.

Maduro Motor proposes to sell a similar20W electric motor to SAT for 875 ARS per unit. Order cycle time is18 days. Terms are listed as FAS, Port of Mar del Plata.

Exchange Rates

Answer the following questions:

1. Evaluate the selling price and related costs per unit offeredby each supplier in US dollars.

2 a. What costs, responsibilities and risks are assumed by thebuyer (SAT) and the seller (Dongguan Electric) under Incoterms2010, DAT, Chicago Tradeport?

b. What costs, responsibilities and risks are assumed by thebuyer (SAT) and the seller (Maduro Motor) under Incoterms 2010,FAS, Port of Mar del Plata?

3. Given your responses to Questions 1 and 2, what is the totalknown cost per motor that SAT will incur and what other costs willSAT incur?

4. What other costs and factors would you consider during thesupplier selection process?

5. Which global supplier would you select? Why?

Question 3 (50 marks)
The following information is available for Heritage Limited:
1. The reporting period of Heritage Ltd ends on 30 June of every year.
The following balances are available as at 30 June 20x8
Land and building at cost 400 000
Accumulated depreciation on buildings at 01/07/20x7 12 000
Furniture at cost 80 000
Accumulated depreciation as at 01/07/20x7 10 000
Vehicles at cost 300 000
Accumulated depreciation as at 01/07/20x7 60 000
Investments as at 01/07/20x7 34 000
Bank 96 700
Trade and other receivables 20 000
Ordinary share capital 275 000
Preference share capital 280 000
Retained earnings as at 01/07/20x7 7 000
Replacement reserves 58 250
10% Bank loan 100 000
Payables 33 500
Additional information:
1. The buildings are occupied for the purposes of the activities of the entity and are accounted for in terms of the cost model. At the date of acquisition, 01 July 20x6, the land was valued at N$ 100 000 and buildings at N$ 300 000. Depreciation is written off on buildings at 4% per annum on the straight line method.
2. Furniture and vehicles were purchased on 01 July 20x6 at N$ 80 000 and N$ 300 000 respectively. Depreciation is written off on furniture at 12,5% per year on cost and on
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vehicles at 20% per year on the diminishing balance method. The necessary write-offs for the current year still need to be done.
3. The value of the investments is valued at N$ 42 000 as at 30 June 20x8
4. Inventories consist as at 01 June 20x8 amounted to N$ 22 000. Inventories are measured at lower of cost (FIFO) and net realisable value.
5. Authorised share capital for Heritage Ltd is 400 000 ordinary shares at N$ 1,10 each and 200 000 8% preference shares at N$ 1,75 each. The company had already issued 250 000 ordinary shares at N$ 275 000 and 160 000 preference shares at N$ 280 000. The company had issued 25 000 shares at N$ 2,00 during the year. Preference share capital form part of equity.
6. The loan was entered into on 01 July 20x6 at an interest rate of 10% per annum. The loan is secured by a mortgage bond on land and buildings and is repayable in annual instalments of N$ 20 000 from 31 December 20x8.
7. Payables consist of the following:
Trade payables 6 000
Namibian company tax 3 000
Dividend payable 24 500
8. Profit for the year amounted to N$ 60 000.
9. On 30 March 20x8 a new vehicle with a cost price of N$ 55 000 was purchased for use in the delivery of goods to customers.
10. At 30 June 20x8, inventory worth N$ 4 000 were stolen.
Required:
1.1 Prepare the statement of financial position as at 30 June 20x8 to comply with the requirements of IFRS and Companies Act,
1.2 Prepare the following notes to accompany the financial statements and to comply with IFRS and Companies Act:
? Basis of presentation
? Statement of significant accounting policies
? Property, plant and equipment
? Financial assets
? Inventories
? Share capital and
? Non-current liabilities as at 30 june20x8; and
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1.3 The statement of changes in equity for the year ended 30 June 20x8 for Heritage Ltd to comply with the minimum requirements of the Companies Act of 2008 and International Financial Reporting Standards (IFRS). Comparative figures are required were necessary