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3 years ago

Why is leasing a car is a bad idea

Business

2 answers:

Simora [160]3 years ago

6 0

Because you are always paying on it amd you dont get to keep the car

nikklg [1K]3 years ago

4 0

Because you have limits on the car. Like you only have so many miles to drive it. You only have it for so long, then you have to lease or buy another car, and besides it's not yours so let's say you want to change it. You may not be able to do that. I always want to have my own car.

I hope I helped!

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What was the major financial change between post ww2 borrowers and borrowers after 1970.

Mama L [17]

The major financial change between post ww2 borrowers and borrowers after 1970 was that there were plenty of jobs after World War 2 and the economy was growing at a large extent.

Most of the people believed that their income would not change even though there were plenty of jobs in the economy.

However they all have a constant income from the year 1945 to 1970.

So all the people continued to borrow more and more money by not attending or joining any post war job in the economy.

Banks were also willing to lend more and more money as they were on the way of high earning through more lending but they get closed.

So after the war people continued to increase their loans and debt ratio in the economy of lending due to which it became the period of great depression.

To know more about post war borrowing here:

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#SPJ4

4 0

1 year ago

Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n

Tatiana [17]

Credit cards are the card which is given by banks to the customers for withdrawing some amount beyond the account balance. The card I's is increased by $1579.3 than card H.

<h3 /><h3>What is a credit card?</h3>

A credit card refers to a payment mechanism that helps both consumer and commercial business proceedings, including purchases and cash advances.

Computation of credit card's balance:

<u>Amount of </u><u>Card H </u><u>after 3 years:</u>

Given,

Principal(P) = $1,186.44

Interest Rate(r) = 14.74%

Number of time period(n) = 3 years.

Applying the above values in the formula given in the question:

$\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,186.44(1+ \dfrac{14.74\%}{3} )^3\\\\\\\text{A}= \$1792.2$

<u>Amount of</u><u> Card I </u><u>after 3 years:</u>

Principal(P) = $1,522

Interest Rate(r) = 12.05%

A number of the time periods (n):

$12\text{Months}\times3\text{Years} = 36 \text{Months}$

Again, apply the above values in the formula given in the question:

$\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,522.16(1+ \dfrac{12.05\%}{12} )^3^6\\\\\\\text{A}= \$3,371.58$

Now we take the difference between both the credit cards, we have:

$\text{Amount of Credit Card I}-\text{Amount of Credit Card H}\\\\=\43,371.58-\$1,792.2\\\\=\$1,579.38$

Therefore, card H's balance is decreased by $1579.3 than a card I.

Learn more about credit cards, refer to:

brainly.com/question/14716152

4 0

3 years ago

What is a good way to improve your marketability to employers?

tigry1 [53]

Improving areas of weakness.

6 0

3 years ago

Markup on job cost 75%

Arlecino [84]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Markup on job cost 75%

Milling Assembly

Machine-hours 60,000 3,000

Direct labor-hours 8,000 80,000

Total fixed manufacturing overhead cost $ 390,000 $500,000

Variable manufacturing overhead per machine-hour $2.00

Variable manufacturing overhead per direct labor-hour $3.75

Job 407:

Milling Assembly

Machine-hours 90 4

Direct labor-hours 5 20

Direct materials $800 $370

Direct labor cost $70 $280

1) We need to calculate the total overhead costs:

Milling= 390,000 + 2*60,000 + 3.75*8,000= $540,000

Assembly= 500,000 + 2*3,000 + 3.75*80,000= $806,000

2) Now, the predetermined overhead rate per department:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

For Milling we will use machine hours as allocation base:

Milling= 540,000/60,000= $9 per machine hour

For Assembly, we will use direct labor hours:

Assembly= 806,000/80,000= $10.075 per direct labor hour

3) We need to allocate overhead to Job 407

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Milling= 9*90= $810

Assembly= 10.075*20= $201.5

Total overhead= $1,011.5

4) Total cost= (800 + 370) + (70 + 280) + 1,011.5

Total cost= $2,531.5

5) Finally, the selling price:

Selling price= 2,531.5*1.75= $4,430.125

8 0

3 years ago

Compared to attending a technical school, completing a four-year college degree allows you to enjoy lower educational costs ente

nexus9112 [7]

Compared to attending a technical school, completing a four-year college degree allows you to: <span>select from a wide range of careers
Even though the price is significantly lower, Technical schools only teach the students to be excel on one single skill-set (such as bookkeeping, Video editing, administrative skills, etc)</span>

4 0

4 years ago