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earnstyle [38]
3 years ago
12

You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500

rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month). You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months. If you take the $2500 rebate and finance your new car through your credit union your monthly payments will be closest to:
Business
1 answer:
ohaa [14]3 years ago
3 0

Answer:

there are no options listed, but the answer should be $592.91 or the closest option

Explanation:

this is an ordinary annuity and in order to calculate the monthly payment you can use the present value of an annuity formula:

present value = monthly payment x PV annuity factor

monthly payment = present value / PV annuity factor

  • present value = $27,500 - $2,500 (rebate) = $25,000
  • PV annuity factor (0.541667%, 48 periods) = 42.16421

monthly payment = $25,000 / 42.16421 = $592.91

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Another reason fueling the boom in fast-growing technology services is _____, which, when done right, can virally spread awarene
MA_775_DIABLO [31]

Available options are:

A. Esako and M-Pesa

B. Big data and Business analytics

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D. Sproxil

Answer:

Social media

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7 0
2 years ago
Firm A and Firm B are the only two companies that sell mail-order DVD rental subscriptions. For several years, Firm A priced its
sveta [45]

Answer:

b. Firm A engaged in predatory pricing.

Explanation:

Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.

Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.

Based on this information only, an argument can be made that Firm A engaged in predatory pricing.

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3 0
2 years ago
Nickel Inc. purchased a tract of land as a possible future plant site in 2013. Valuable sulfur deposits were discovered on the l
Elina [12.6K]

Answer:

Debit $ 800,000 to the Asset Account.

Explanation:

With the help of successful efforts process we will find the solution of the given problem .The successful efforts process stated that,if the company are upgrading only those expenses or the cost  that are involved with the discovery of oil and the gas then reserves are identified.

  • The successful efforts process stated that when the cost of exploration is achieved then the cost of the exploration is capitalized .
  • So the sulfur reserves were identified therefore  $800,000 in exploration expenses would be debited to the Asset Account.  

4 0
3 years ago
When a manager is told to maximize the revenues from the sales of goods and services produced, this is an example of a(n) ______
sukhopar [10]
The correct answer would be revenue budget approach. In this approach, a manager is asked to maximize the profit they get from the services and goods that are produced. Revenue budget is a forecast of the sales of a company. Managers would use certain model to maximize the amount of such.
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3 years ago
On small-budget films, what qualities or qualifications might a filmmaker seek in a production sound mixer?
slavikrds [6]
A filmmaker will seek a sound production mixer who has the qualities and qualifications that is responsible for ensuring that dialogue recorded during filming is suitably clear, tries to avoid unwanted noises and works around the camera which might hamper the placement of microphones. A production sound mixer who has his or her own equipment as this choice can save the filmmaker a considerable amount of money in sound equipment rental, and the mixer is likely to be skilled in using his or her own equipment.
8 0
3 years ago
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