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
Colt1911 [192]
3 years ago
14

Which of the following would be an advantage of leasing a vehicle?

Business
1 answer:
Romashka [77]3 years ago
5 0
I think its ''Lease payments are likely to be  lower than finance payments" but I'm not sure

You might be interested in
On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea
VLD [36.1K]

Answer:

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

Explanation:

<u>Step 1</u>

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

P/YR = 1

i = 8%

FV = $0

<u>Step 2</u>

Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

8 0
3 years ago
A plaintiff in a successful lawsuit was awarded a judgment of $4800 per month for 5 years. The plaintiff has the need of a fairl
tatiyna

Answer:

58.81% annual

or 3.93% monthly

Explanation:

Using a financial calculator, we can determine the internal rate of return of this investment. The initial outlay is -$110,000, and the 60 $4,800 cash flows follow. The IRR is 3.93 per month. In order to determine the effective annual rate, we can use the following formula:

effective annual rate = (1 + 3.93%)¹² - 1 = 58.81%

8 0
3 years ago
Poeple who own operate and take on the financial risk of operating a business are called?​
NARA [144]

Answer:

Entrepreneurs. people who own, operate, and take the risk of a business venture.

6 0
2 years ago
Which type of facility layout is seen in the given example? George works as an operations manager for a machine manufacturer. Wi
Norma-Jean [14]

Answer: process

Explanation:just did the test on edmentum

4 0
3 years ago
Read 2 more answers
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu
rosijanka [135]

Answer:

Option (a) is correct.

Explanation:

For February,

Opening inventory would have been:

= 25% of February

= (25% × $89,000)

= $22,250

Ending inventory would have been:

= 25% of March

= (25% × $59,000)

= $14,750

Hence,

Cost of goods sold = Opening inventory + Purchases - Ending inventory

$89,000 = $22,250 + Purchases - $14,750

Purchases = $89,000 + $14,750 - $22,250

                  = $81,500

Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.

4 0
3 years ago
Other questions:
  • a company had no office supplies available at the beginning of the year. during the year, the company purchased $370 worth of of
    8·1 answer
  • A court will not require a person to perform an agreed-upon act if it is illegal.
    15·2 answers
  • Advantages of the method of least squares over the high-low method include all of the following except:
    13·1 answer
  • How does inertia affect a person who is not wearing a seatbelt during a collision?
    7·2 answers
  • Market research indicates that a new product has the potential to make the company an additional $1.6 million, with a standard d
    13·1 answer
  • Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income​ statement: Ke
    15·1 answer
  • On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets o
    8·1 answer
  • Peck corporation, a foreign subsidiary was acquired by a U.S. corporation on January 1, 2020. Determine the exchange rate used t
    8·1 answer
  • 6. Respirators must be certified by the National Institute for Occupational Safety and Health, or NIOSH, and used in compliance
    9·2 answers
  • Explain aims of accelerated growth initiative for South Africa​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!