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kenny6666 [7]
3 years ago
7

Owning provides ____ flexibility but can lead to ______ costs in the long termA-greater ; lowerB- greater; higherC- less; lower

D- less; higher
Business
1 answer:
Sliva [168]3 years ago
8 0

The answer is B. Owning provides greater flexibility (you own it, what you do with it is up to you) but since you own it, you are responsible for it. Whether you took out a loan for it or simply maintenance is all you, leading to higher costs in the long term.

You might be interested in
Balance Sheet
miv72 [106K]

Answer:

Dynamic Weight Loss Co.

DYNAMIC WEIGHT LOSS CO.

Classified Balance Sheet as of June 30, 20Y7

Assets

Current Assets:

Cash                                                     $119,630

Accounts Receivable                              26,100

Prepaid Insurance                                    8,400

Prepaid Rent                                            6,000

Supplies                                                   11,200

Total current assets                            $171,330

Long-term Assets:

Land                                                     375,000

Equipment                          325,900

Accumulated Depreciation (32,600) 293,300

Total long-term assets                     $668,300

Total assets                                      $839,630

Liabilities and Equity

Current Liabilities:

Accounts Payable                              $10,830

Salaries Payable                                    7,500  

Unearned Fees                                   21,000

Total current liabilities                     $39,330

Equity:

Common Stock                                180,000  

Retained Earnings                          620,300

Total equity                                  $800,300

Total liabilities and equity           $839,630

Explanation:

a) Data and Calculations:

Trial Balance as of June 30, 20Y7

Account Titles                      Debit        Credit

Cash                                $119,630

Accounts Receivable         26,100

Prepaid Insurance               8,400

Prepaid Rent                       6,000

Supplies                              11,200

Land                                375,000

Equipment                     325,900

Accumulated Depreciation - Equipment $32,600

Accounts Payable                                        10,830

Salaries Payable                                            7,500  

Unearned Fees                                           21,000

Common Stock                                         180,000  

Retained Earnings                                   620,300

Total                            $872,230           $872,230

4 0
3 years ago
Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that
mixer [17]

Answer:$120,000

Explanation: multiply $500 and 12 and get 6,000 then multiply 6,000

then multiply 6000 and 20 and get 120,000

6 0
3 years ago
With iOS, its particularly important for an app to minimize the persistent storage placed in the app's home directory. This is b
dexar [7]

Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.

Explanation:

6 0
2 years ago
A friend offers you a Coke, a Dr. Pepper, or a 7-Up. You don't like Coke, so after some thought, you take the Dr. Pepper. What i
Leokris [45]
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
4 0
2 years ago
Which of the following loans will typically offer the lowest interest rate? A:Payday loan B:Federal Student Loan C:Private Loan
neonofarm [45]
C. Private loan - a loan between two private parties can be set to whatever they want and is usually lower than the average that banks and other professional industries offer.

FYI - payday loans will have some of the highest interest rates of all loans.

Hope that helps 
8 0
3 years ago
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