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Tcecarenko [31]
3 years ago
8

Going directly to a car dealer for a loan keep things simple is a.....

Business
1 answer:
vazorg [7]3 years ago
8 0

Answer:

The correct answer is (c)

Explanation:

Car dealers and banks both offer loans to buy cars. Customers sometimes to keep things official and straightforward they go to banks to get loans. Banks usually charge less interest rates and low risk compared to car dealers; that is why it is not a good idea going directly to a car dealer for a loan.

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In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,
Leni [432]

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

4 0
3 years ago
Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,500, and h
Jlenok [28]

Answer:

b. 9.75%

Explanation:

When a partner invests in a business, he/she expects to get return on his equity in the business. The major reason for this is to compare his/her return in the partnership business with the return he/she could get elsewhere.

The return on partner equity is calculated by dividing his/her net income from the partnership business by his/her average capital for the period.

The formula is given below:

<u> Net income       </u>  x 100

Average capital

Average capital  = <u>Opening capital balance + Closing capital balance</u>

                                                                    2

For Carter Pearson, the average capital is =<u> $55,500 + $62,500</u>

                                                                                   2

= $59,000

The return on equity will be: <u>$5,750  </u> x 100

                                                $59,000

= 9.7457

= 9.75%   - approximate to two decimal point.

5 0
3 years ago
Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de
Gnesinka [82]

Answer:

A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.

- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.

C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

- Whether the cost of goods are rising or falling, this will always be the case.

D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.

- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.

F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)

- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.

8 0
2 years ago
The first entry to liquidate a partnership would probably include
Lorico [155]
Property will not added when it liquidate
8 0
3 years ago
Read 2 more answers
While Davidson outlines several issues that the parties are actually not terribly divided on, he also outlines two issues that a
ziro4ka [17]

A. only volume (cm³) is the independent variable

B. both volume (cm³) and mass (grams) are independent variable

C. not enough information

D. the slope of the trend line

E. only mass (grams) is the independent variable

6 0
2 years ago
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