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fenix001 [56]
3 years ago
5

Sean wants to buy a friend’s car, but he does not have the $3,000 that his friend is asking. He has $2,500 and is considering bo

rrowing the extra $500 from his sister. Sean is considering telling his friend that he needs the extra $500 for a deposit at the college he will attend next year. Sean knows his parents will be paying for this expense but feels this might be a good negotiating technique to save some money. What should he do?​
Business
1 answer:
vladimir1956 [14]3 years ago
8 0

Answer:

I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.

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Front range cabinet distributors in colorado springs, colorado, sells to its contractors with a 42% markup on cost. if the selli
Katena32 [7]

This is a simple algebra problem.

To determine price, you need to Have the cost of the product plus the markup equals the sales price.

We know the sales price and the markup, so we need to solve for the cost.

9,655= 1.42(x)

X=9,655/1.42

4 0
4 years ago
Read 2 more answers
Multiple choice.
klio [65]

Answer:

1 d

2 c

3 a

4 b

5 c

6 a

7 b

8 d

9 a

10 a

8 0
3 years ago
On September 1, 2016, a company issued a $50,000, 6-month, 9% note payable to purchase equipment. At December 31, 2016, the comp
8_murik_8 [283]

Answer:

Debit Interest Payable for $1,500, debit Interest Expense for $750, and credit Cash for $2,250

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $750

Interest payable A/c Dr $1,500

              To Cash A/c $2,250

(Being cash is paid on maturity)

The computation is shown below:

For interest payable

= $50,000 × 9% × 4 months ÷ 12 months

= $1,500

The 4 months from September 1 to December 31

For interest expense

= $50,000 ×9% × 2 months ÷ 12 months

= $750

The two months are January to February

And, the cash is $1,500 + $750 = $2,250

5 0
4 years ago
Prepare the journal entries to record the following transactions for Reese Company, which has a calendar year end and uses the s
Dmitriy789 [7]

Answer:

To explain the answer is given as follows,

Explanation:

3 0
3 years ago
Swanky Beverage Co. expects the following cash flows from its manufacturing plant in Palau over the next 5 years: Year Annual Ca
posledela

Answer:

Total PV= $18,706,201.3

Explanation:

Giving the following information:

Year Annual Cash Flows:

1 $4,200,000

2 $4,550,000

3 $6,000,000

4 $4,800,000

5 $3,500,000

Discount rate= 7.5%

<u>To calculate the present value, we need to use the following formula on each cash flow:</u>

<u></u>

PV= FV/(1+i)^n

Cf1= 4,200,000/1.075= 3,906,976.74

Cf2 = 4,550,000/1.075^2= 3,937,263.39

Cf3= 6,000,000/1.075^3= 4,829,763.42

Cf4= 4,800,000/1.075^4= 3,594,242.54

Cf5= 3,500,000/1.075^5= 2,437,955.21

Total PV= $18,706,201.3

8 0
4 years ago
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