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rodikova [14]
3 years ago
10

Patrick is a recent college grad and works full time. He lives in an apartment with his best friend. His share of the rent is $4

00 per month. His take home pay is over $3,500 a month. "I am ready to buy a car," he tells his best friend. "It says here in the paper that with just $100 down I can finance the purchase of a brand new car through the dealership. The sticker price of the car is $17,000. I would have to make 60 payments of $350 each. My credit union will allow me to finance the vehicle with no down payment for 48 payments of $425 each." When shopping around, Patrick finds the same vehicle with a 3 year lease for $250 a month with $500 down. At the end of his lease, Patrick has the option to buy the vehicle for $10,000. Patrick's current credit score is 725. If he chooses not to buy or lease a car, he can continue to take the bus. The cost of a bus is $60 a month. What amount can Patrick afford for transportation each month if he calculates 15% of his net budget for transportation? * 1 point $450 $475 $400 $525
Business
2 answers:
kotykmax [81]3 years ago
8 0

Answer: true

Explanation:

Firlakuza [10]3 years ago
6 0

Answer:

sorry i dont know tha answer but its on

quizlet

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Read 2 more answers
You write one MBI July 127 call contract (equaling 100 shares) for a premium of $12. You hold the option until the expiration da
ser-zykov [4K]

Answer:

The answer is "$400"

Explanation:

The price value of the exercise:

= $127

The expiration date price value is:

= $135

Calculating the profit for Calls buyer:  

= $135-$127  

= $8

The value of 1 call = 100 shares  

calculating the total profit :

=$ 8 × 100  

= $ 800

One alternative purchase price:

= $12

Call option Total purchase price:

=  $12 × 100  

= $1200

The buyer's total loss:

= $1200 - $800

= $400

The Loss for the buyer:  \frac{\text{profit for the seller}}{\text{writer}}

Hence profit for the writer = $400

3 0
3 years ago
Based on the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stoc
Sonja [21]

The expected return for stock A and B is 8.55% and 15.11% respectively.

<h3>What is the Expected return?</h3>

= (Probability of Recession × Return during recession) + (Probability of normal × Return during normal) + (Probability of boom × Return during boom)

Expected return for stock A:

= (0.20 * .05) + (0.57 * 0.08) + (0.23 * 0.13)

= 0.0855

= 8.55%

Expected return for stock B:

= (0.20 * 0.20) + (0.57 * 0.09) + (0.23 * 0.26)

= 0.1511

= 15.11%

Therefore, the expected return for stock A and B is 8.55% and 15.11% respectively.

Read more about Expected return

<em>brainly.com/question/25821437</em>

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3 0
2 years ago
When Olga asks Sven if he wishes to sell his Harley motorcycle, he replies that he would not sell it "for less than $2,000." Olg
klemol [59]

Answer:

The correct answer is B. False

Explanation:

Sven never agreed to selling his motorcycle at the spot, he only made a statement that should he intends to sell it later, he will not sell it lesser than $2000.

6 0
3 years ago
Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

Assets

Non-Current assets

Fixed assets               $22,000

Current assets

Cash in hand               $93,000

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Wang company

Income statement

Net sales                      $88,000

Cost of sales                 $38,000

Gross margin                $50,000

Less:admin expenses   $5,000

Net Profit                       $45,0000

3 0
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