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bezimeni [28]
3 years ago
11

When interest rates are low, some automobile dealers offer loans at 0% APR, as indicated in a 2016 advertisement by a prominent

car dealership, offering zero percent financing or cash back deals on some models. Zero percent financing means the obvious thing—that no interest is being charged on the loan. So if we borrow $1,200 at 0% interest and pay it off over 12 months, our monthly payment will be $1,200/12 = $100. Suppose you are buying a new truck at a price of $25,000. You plan to finance your purchase with a loan you will repay over two years. The dealer offers two options: either dealer financing with 0% interest, or a $2,500 rebate on the purchase price. If you take the rebate, you will have to go to the local bank for a loan (of $22,500) at an APR of 6.5%. What would your monthly payment be if you used dealer financing?
Business
1 answer:
Dovator [93]3 years ago
4 0

Answer:

Monthly payment= $1,041.67

Explanation:

Giving the following information:

Suppose you are buying a new truck at a price of $25,000. You plan to finance your purchase with a loan you will repay over two years. The dealer offers two options: either dealer financing with 0% interest, or a $2,500 rebate on the purchase price. If you take the rebate, you will have to go to the local bank for a loan (of $22,500) at an APR of 6.5%.

Monthly payment= 25,000/24months= $1,041.67

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A. Product APEX

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In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers
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a) channel members.

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6 0
3 years ago
Whispering Winds Corp. uses the periodic inventory system and reports the following for the month of June.
vesna_86 [32]

Answer:

a 1) FIFO

Closing Inventory = $1,760

Cost of Goods sold = $11,264

2) LIFO

Closing Inventory = $1,056

Cost of Goods sold = $11,968

b) FIFO gives the higher ending inventory than LIFO because the oldest items and lowest costs are allocated to the cost of goods sold.

c) LIFO results in higher cost of Goods sold because latest cost are allocated to the cost of goods sold and latest cost may include price increases.

Explanation:

FIFO

Closing inventory = 176 units * $10= $1760

Cost goods sold = 352 units + 704+528 -176 =1,408 units sold

from opening $2,112

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total sold = $11,264

LIFO

Closing inventory = 176 units * 6 = $1,056

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Total = $11,968

4 0
3 years ago
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