amount financed
There are some salient characterisitics to the Hire-Purchase System. The cash price of goods is paid in installment on agreed terms. The title to goods passes on last payment. The Hire Vendor (Seller) can take possession of goods if Hirer fails to pay an installment. The Hirer is not responsible for risk of loss of goods, till the ownership is transferred. The Hirer cannot mortgage, hire or sell or pledge the goods. The Hirer has got a right to terminate the agreement at any time before the property so passes.
Hire purchase involves a buyer acquiring an asset by paying an initial deposit and then making regular installment payments over a specified period until the total purchase price is paid. Ownership of the asset is transferred to the buyer once the final payment is made. Deferred payment, on the other hand, allows a buyer to take possession of an asset immediately but delay full payment until a later date, often with added interest or fees. The buyer does not own the asset until the full payment is made in deferred payment schemes.
If the profit made by the pen for Rs 10 is equal to its cost, then the profit is equal to the cost. Let's denote the cost price of the pen as x. Therefore, the profit made would also be x. According to the given condition, x = 10. So, the cost price of the pen is Rs 10.
debit raw material purchasedcredit cashit doesn't have any impact on payment as variance is an internal matter of business.
The net asset value of a business remains unchanged when assets are purchased on credit because the increase in assets is offset by an equal increase in liabilities. When a business acquires an asset, it adds to its total assets, but it simultaneously incurs a liability equal to the purchase price, reflecting the obligation to pay for the asset in the future. Thus, the overall net assets, calculated as total assets minus total liabilities, remain the same.
amount finaced=cash price - down payment
amount financed= cash price- down payment
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
The average price of a new Chevrolet Surburban LTZ would land to an average of $43K. If you're looking for a installment, the price will estimate to a payment of $629/mo with savings of $2.1K.
To buy a laptop in Thane in installment,the monthly installments will depend with the price of the laptop.
$159.41
The cast of The Installment Collector - 1929 includes: Fred Allen as The Newspaper Editor Alonzo Price as The Installment Collector
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
The profit is the sale price minus the purchase price minus the transaction costs.
Profit
The cost of overhead minus the selling price is loss.
to buy this amazing car on an installment basis you would have to make them an offer they cant refuse (so pay over sticker price)