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LUCKY_DIMON [66]
3 years ago
9

Jacob has taken an suv on lease from free cruisers inc. for a period of four years. jacob does not need to pay any extra amount,

based on the residual value of the car, at the end of the fourth year. he has a _____.
Business
1 answer:
Alinara [238K]3 years ago
6 0

What Jacob will have is a lose ended lease. It is because the close ended lease has been provided to him because he needs to surrender or to turn in his car, specifically the SUV, which is at the end of the term of the lease.

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Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) /  [ 1 - ( 1+ r )^-n ]

where

PV = amount of investment = $120,000

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n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

P = 36,230.5

3 0
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The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increa
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15%

Explanation:

The formula and the calculation of the price elasticity of supply are presented below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)

where,

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So, the percentage change in price is

= 30% ÷ 2

= 15%

7 0
3 years ago
IT'S URGENT AND IMPORTANT!!!!
Vera_Pavlovna [14]

the producer in this case sujid is gaining a little more money because then when the profit is increased he will get a little less money because then the people will buy it but the money will be less for the producer(s)

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QUESTION 2 / 10
mash [69]
A. Would be the best answer
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3 years ago
Which of the following is true of compliance reporting?
Margarita [4]

Answer:

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