Answer:
Kyle Parker of Concord, New Hampshire, has been shopping for a new car for several weeks and gone for the dealer loan
Adjusted APR (dealer financing) = 12 [(95 x 60) + 9] (2500 + 649) / 12 x 60 (60 + 1) [(4 x 37000) + (2500 + 649)]
Adjusted APR (dealer financing) = 3.25%
Where:
Y = 12
F = 2500 rebate + 649 monthly payment
D = 38000 -1000=37000
P = 60
Since APR (dealer financing) < APR (bank loan), dealer financing is a better option.
Answer:
Depending on your age, you can diversify your investment in 3 ways:
- Stocks: on the long term this is the best investment possible since it yields the highest returns and it is fairly safe, of course depending on which type of corporations you decide to invest. You buy stocks from corporations that trade in public markets and earn money by receiving dividends and is the stock price increases.
- Corporate bonds: they are a safer investment but yields lower returns than stocks. You buy bonds issued by corporations that generally pay annual or semiannual coupons.
- US Treasuries: they are the safest investment, but also the one that yields the lowest returns. Investing in government bonds is very safe, since the government should be able to pay its debt since it owns the machine that prints money. The problem with this investment is that yields tend to be very low and if you compare them to inflation, they might yield negative real returns.
Answer: Performance budgeting
Explanation:
Performance budgeting is referred to as or known as the practice or habit of developing and reforming budgets that are mostly based on relationship in between the program funding scale and the expected outcome from the program. This performance budgeting technique is referred to as the tool which administrators tends to use in order to manage the budget.
Answer:
Medlock will receive $2,940
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
According to given data
Sales = $3,000
As the payment is made within discount period, so discount will be availed
Discount = $3,000 x 2% = $60
Now deduct the discount from due balance to calculate the amount received.
Amount Received = $3,000 - $60 = $2,940
Buckette co. owned 60% of
shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle.
<span>This pattern of ownership is called
a connecting Affiliation. This a type of mutual owner ship, like many people
have their family business and have shares in the business. If a company of
someone, who has his son and grandson and they are also have shares in that
company or owned by percentage, this is mutual ownership and the pattern is
connecting affiliation.</span>
