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nasty-shy [4]
3 years ago
10

According to many consumer advocates, you should not furnish your apartment by going to a "rent-to-own" company because the cost

of renting-to-own is much more expensive than the cost of buying. true or false?
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer- True.

<span>In agreement with lots of consumer advocates one should not furnish his/her apartment by going to a rent to own company, this is because the budget of renting to own is much more costly than the cost of buying. The finance charges strained out after a while can at times make the product cost nearly twice or more. </span>

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An investor in Treasury securities expects inflation to be 1.6% in Year 1, 3.05% in Year 2, and 3.85% each year thereafter. Assu
mixer [17]

Answer:

The difference between two securities is 0.89%.

Explanation:

Inflation premium for the next three and five years:

Inflation premium (3) = (1.6% + 3.05% + 3.85%) ÷ 3

                                  = 2.83%

Inflation premium (5) = (1.6% + 3.05% + 3.85% + 3.85% + 3.85%) ÷ 5

                                  = 3.24%

Real risk-free rate = 2.35%

Since default premium and liquidity premium are zero on treasury bonds, we can now solve for the maturity risk premium:

Three-year Treasury securities = Real risk-free rate + Inflation premium (3) + MRP(3)

6.80% = 2.35% + 2.83% + MRP(3)

MRP (3) = 1.62%

Similarly,

5-year Treasury securities = Real risk-free rate + Inflation premium (5) + MRP(5)

8.10% = 2.35% + 3.24% + MRP(3)

MRP (5) = 2.51%

Thus,

MRP5 - MRP3 = 2.51% - 1.62%

                         = 0.89%

Therefore, the difference between two securities is 0.89%.

4 0
3 years ago
Unlike​ wholesalers, _______ do not own the goods that they distribute to​ customers; rather, they serve as independent sales re
fomenos
Agents of a business
7 0
4 years ago
Pharoah Company sells merchandise on account for $3600 to with credit terms of 2/14, n/30. Blue Spruce Corp. returns $600 of mer
aleksandr82 [10.1K]

Answer:

The journal entry to record the merchandise return and the payment should be:

Dr Cash 2,940

Dr Sales discount 60

Dr  Sales returns and allowances 600

    Cr Accounts receivable 3,000

The second entry must be made to record the increase in inventory:

Dr Merchandise inventory 600

    Cr Sales returns and allowances 600

Explanation:

The sales returns and allowances account is used to record returned merchandise, while the sales discount account is used to record discounts for early payments or other types of sales discounts.

3 0
3 years ago
On January​ 1, 2018, Tyson Manufacturing Corporation purchased a machine for​ $40,000,000. Tyson's management expects to use the
enyata [817]

Answer:

$4,842,800.00

Explanation:

Units-of-production depreciation method calculates the amount to be deprecation depending on the asset usage for that period.

In this case, the total hours the asset is expected to work.

Cost of machine $ 40,000,000.00

Salvage value : $ 47,000.00

total hours machine should work: 33,000.00

Depreciable amount: = Cost price- salvage value

    =$40,000,000.00-$47,000.00

    =$39,953,000.00

Depreciation per hour= $39,953,000.00/33000

    =1,210.6969

    =1,210.70

Depreciation for 2018     =1210.7x4000

    =$4,842,800.00

5 0
3 years ago
Given :
KIM [24]

Answer:  

Direct Method

          Operting Activities

$1,390 Cash Collected from Services

-$7,864 Cash to rent Equipment

-$0,864 Cash to repair facilities

$24,285  Collected from customers  

        Financing Activities

-$0,150  Repaid Long Term  

$16,797  Net Cash  

Explanation:

These others activities are not included because doesn't inclulde movements of cash.

(2) Purchased new equipment costing $3,434; signed a long-term note.

8 0
3 years ago
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