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pickupchik [31]
3 years ago
9

Using the following information, what is the cost to lease a car? • Security deposit $320 • Monthly lease payment $320 per month

for a five− year lease • Opportunity cost of security deposit $320 × loan period (in years) × 2% interest • End-of-lease charges $520
A. $19,200.00
B. $19,784.00
C. $19,752.00
D. $20,072.00
E. $20,272.00
Business
1 answer:
melisa1 [442]3 years ago
8 0

Answer:

The answer is option (D) $20,072.00

Explanation:

The total cost to lease a car will involve all associated costs of leasing the car. This can be expressed as;

Total lease cost=security deposit+monthly lease payment+opportunity cost+end-of-lease charges

where;

security deposit=$320

monthly lease payment=$320

total lease payment=320×12×5=$19,200

opportunity cost=320×5×0.02=$32

end-of-lease charges=$520

replacing;

Total lease cost=(320+19,200+32+520)=$20,072.00

Cost to lease a car=$20,072.00

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Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted eac
bekas [8.4K]

Answer:

Answer for the question:

Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places.)

is explained in the attachment.

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7 0
4 years ago
Procter & gamble is well known for its use of __________ branding because every product in p&g's portfolio has a differe
taurus [48]

Answer:

Individual branding

Explanation:

Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.

Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".

Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.

Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.

8 0
3 years ago
What is one reason why a government will deliberately inflate its national money supply?
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To attract oversea investors and working immigrants

4 0
3 years ago
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Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls.
vivado [14]

Answer: information system audit

Explanation:

The information system audit is the process through which organizations periodically have an external entity which helps in reviewing the controls in order to uncover any potential problems in the controls

In order to know how effectivene the information system controls is, the information systems audit is vital. It is required to verify the accounting records of an organization as well as the financial statements.

8 0
3 years ago
On January 1, 2012, Uncle Company purchased 80 percent of Nephew Company’s capital stock for $672,000 in cash and other assets.
Inga [223]

Answer:

a. $51,840

b. $15,440

Explanation;

a. First find the excess fair-value allocation;

= Fair value of Nephew - Book Value

Fair Value = Uncle ownership + Non-controlling interest

= 672,000 + 168,000

= $840,000

Excess fair value = 840,000 - 806,000

= $34,000

Any excess fair-value allocations are amortized over a 10-year period;

= 34,000/10

= $3,400

The Income to be recognized will be reduced by this yearly amotization so the 2014 income recognized by Uncle would be;

= (Nephew income - Amortization) * Uncle ownership stake

= ( 68,200 - 3,400) * 0.8

= $51,840‬

b. Nephew Company also owns 30% of Uncle which means that they will receive 30% of Uncle dividends.

= 0.3 * 30,000

= $9,000

Added to their own income;

= 9,000 + 68,200

= $77,200

The Non-controlling interest owns 20% so the income they will recognise is;

= 0.2 * 132,100

= $15,440‬

6 0
4 years ago
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