Below is a common problem in which the payments are not the same time period as the interest rate or the time period. In order to compute the payment correctly you need to adjust all variables so that they are the same period as the payment (note some calculators might do this automatically, you can set them so they do not do automatically make this correction). So if the problem has monthly payments, but the problem has an annual interest rate and time period over years, you would need to divide the interest by 12 and multiply the time period by 12. You would make similar adjustments if the payment was per day or semi annual. You are considering buying a new motorcycle. You are going to borrow $13,791. If you can negotiate a nominal annual interest rate of 6 percent (i. e. 6% equals the APR) and you wish to pay for the car over a 3-year period, what are your monthly car payments?

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

Your take on decision making process

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)