1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On August 1, 2020, Ascent Corp. borrowed $80,000 cash on an 8-month note payable with a 7% annual rate that requires Ascent to p
Ipatiy [6.2K]

Answer and Explanation:

The computation is shown below:

Interest payable:

= Borrowed amount × rate of interest × given months ÷ total months

= $80,000 × 7% × 5 ÷ 12

= $2,333.33

And,

Interest expense:

= Borrowed amount × rate of interest × given months ÷ total months

= $80,000 × 7% × 3 ÷ 12

= $1,400

So here for recording the payment of interest the interest payable is debited for $2,333.33

The same is to be considered

6 0
2 years ago
Mariposa Corporation is considering purchasing equipment for $200,000. Mariposa expects this equipment will last for 20 years an
Westkost [7]

Answer:

$24,220

Explanation:

After tax cashflow formula as follows;

AT cashflow = Income before taxes(1- tax) + annual depreciation amount

Depreciation amount is added back because even though it is an expense deducted to arrive at the income before tax, it is not an actual cash outflow.

Annual depreciation amount = $200,000/ 20 = $10,000

AT cashflow = 18,000*(1-0.21) + 10,000

= 14,220 + 10,000

= 24,220

Therefore, Mariposa’s expected cash flow after taxes per year is $24,220

6 0
3 years ago
Show how Cablevision can conduct an ROI analysis. Describe the information that the company should collect and how it should b c
Flauer [41]

Answer:

Explanation:

Cablevision can easily accomplish this by doing the following. First gather the number of sales of premium services and other products that non-trained individuals are accomplishing in a given time period (example, one month). Next, under the same conditions place the newly trained individuals and gather the same data from them (number of sales/subscribers gained, premium products, and other products). Finally, they would simply need to compare the difference in the number of sales to see if the training paid off. They would also need to calculate if the difference in sales surpasses the costs of training.

3 0
3 years ago
4. Which of the following is true of social capital?
maks197457 [2]

Answer:

Option C.

Explanation:

Social capital is basically the relationships among people who live and work in a particular society, thus allowing that society to function effectively". As such. The value of social capital is determined by the number of the relationships in a social network.

8 0
2 years ago
Airline F leases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that
Usimov [2.4K]

Answer: e. Airline O has less lease assets at the inception of the lease

Explanation:

With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.

With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.

Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.

5 0
3 years ago
Other questions:
  • Dividing a fixed number of units among product categories to reflect relative preference is using a method called
    5·1 answer
  • If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, pho
    14·1 answer
  • In 2008, OPEC succeeds in raising world oil prices by 300 percent. This price increase causes inventors to look at alternative s
    9·1 answer
  • A customer has an individual cash account, an individual margin account, a joint cash account with his wife, and a custodial acc
    15·1 answer
  • Henri wants customers in his specialty tobacco store to feel at home, as if they were in their personal smoking den. He uses lig
    14·1 answer
  • How much should i pay a babysitter for a overnight weekend? For 2 girls ( 7, and 11 years old)
    9·2 answers
  • Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What
    13·1 answer
  • Sonor Systems undertakes its own machine maintenance. The depreciation on the equipment is $20,000 per year and operating cost i
    7·1 answer
  • Tracing transactions through the information system relevant to financial reporting. inquiring of entity personnel. assessing in
    12·1 answer
  • What is the cost of equity for a firm that has a beta of 1.2 if the risk-free rate of return is 2.9 percent and the expected mar
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!