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givi [52]
3 years ago
13

Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I’ve ever seen." This statement i

s
Business
1 answer:
lara31 [8.8K]3 years ago
4 0

Answer:

puffery

Explanation:

The extended and exaggerated presentation of any belief or idea is said to be puffery. Such statements are made to provide evidence to the vague claims. Also, it misinterprets and claims false evidence. In the above question, the statement claimed by Olga is an exaggerated statement about the car. Hence, this is an example of puffery.

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If your goal is to save more
Serjik [45]

Answer:

C. Intentional

Explanation:

Intentional means- done on purpose; deliberate.

You have a goal of saving money so you should have a reason/purpose for your spending instead of doing it without a reason/pourpose

3 0
3 years ago
An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
daser333 [38]

Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

4 0
3 years ago
Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 20% down payment. For examp
Artist 52 [7]

Answer:

Mary Kate: $103,528.15

Ashley: $135,377.97

Dakota: $166,294.24

Elle: $187,409.00

Explanation:

Mary Kate

First, calculate the future value of investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $3,900 x ( 1 + 3% )^5 - 1 / 3% = $20,705.63

Amount affordable = Future value of investment / Rate of down payment = $20,705.63 / 20% = $103,528.15

Ashley

First, calculate the future value of investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $4,900 x ( 1 + 5% )^5 - 1 / 5% = $27,075.59

Amount affordable = Future value of investment / Rate of down payment = $27,075.59 / 20% = $135,377.97

Dakota

First, calculate the future value of the investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $5,900 x ( 1 + 6% )^5 - 1 / 6% = $33,258.85

Amount affordable = Future value of investment / Rate of down payment = $33,258.85 / 20% = $166,294.24

Elle

First, calculate the future value of the investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $5,900 x ( 1 + 12% )^5 - 1 / 12% = $37,481.80

Amount affordable = Future value of investment / Rate of down payment = $37,481.80 / 20% = $187,409.00

7 0
3 years ago
On January 1, 2015 Outback Subaru Limited, a Subaru dealership in Alice Springs, sold 2 cars to the town for $50,000 total. Outb
horsena [70]

Answer:

What would be the impact on January 1, 2015, the date of the sale?

The following journal entries should be made to register the sale:

January 1, 2015: 2 cars are sold

  • Dr Cost of Goods Sold 37,000
  • Cr Merchandise Inventory 37,000

  • Dr Accounts Receivable 50,000
  • Cr Sales Revenue 50,000

On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars.  What would be the impact of this transaction on this date?

The following journal entry should be made to register the payment:

January 30, 2015: the local government paid the cars

  • Dr Cash 50,000
  • Cr Accounts Receivable 50,000

4 0
3 years ago
a. The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic compe
slamgirl [31]

The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

<h3>What is Monopolistic Competition?</h3>

In Monopolistic competition, there are many producers and consumers in the marketplace and all firms have a degree of market control.

The difference between monopolistic competition and pure competition is that monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

Therefore, C is the correct option.

Learn more about the monopolistic competition here:

brainly.com/question/1622043

#SPJ1

6 0
2 years ago
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