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xxMikexx [17]
3 years ago
11

Lorenzo just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deci

ding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price.

Business
1 answer:
Georgia [21]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

You might be interested in
The ending retained earnigns balacne is reported on both the retaiend earnigns stastaemnt and the balacne sheet.
Rudiy27
I think it’s a, sorry if I’m wrong though
7 0
3 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 9 percent. You also
steposvetlana [31]

Answer:

$3.72

Explanation:

in order to determine the price of the stock we use the dividend discount model:

P₀ = Div₁ / (Re - g)

  • P₀ = $90
  • Div₁ = ?
  • Re = 9%
  • g = 9% / 2 = 4.5%

Div₁ = P₀ x (Re - g)

Div₁ = $90 x (9% - 4.5%) = $90 x 4.5% = $4.05

now the current dividend (Div₀) = Div₁ / (1 + Re) = $4.05 / (1 + 9%) = $4.05 / 1.09 = $3.7156 = $3.72

7 0
3 years ago
Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.
sleet_krkn [62]

Answer:

Current Ratio=1.93518

Explanation:

Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}

Calculating Current Assets:

Current Assets=Total assets-Net fixed assets

Current Assets=$537,800- $412,400

Current Assets=$125,400

Current Liabilities=Total debt- Long-term debt

Current Liabilities=$388,700- $323,900

Current Liabilities=$64,800

Current Ratio=\frac{\$125,400}{\$64,800}

Current Ratio=1.93518

5 0
4 years ago
Jason set up a textile mill in his hometown in 1865. He became a rich businessman by the time his son Earl took over the busines
miskamm [114]

Answer:

The correct answer is entrepreneurship era.

Explanation:

Entrepreneurship is the process of designing, launching and managing a new business, which usually begins as a small business or startup, offering a product, service or process for sale. It has been defined as "... ability and willingness to develop and manage the opening of a new business along with the risks that this implies, in order to generate profits" Due to the great risks of launching a company, a significant part of these businesses have to close due to "lack of financing, bad business decisions, economic crisis or a combination of all of these" or due to lack of market demand. In the 2000s, the definition of "entrepreneurship" was extended to explain how some individuals (or teams) identify opportunities, evaluate them as viable and decide to exploit them, and use these opportunities to develop new products or services, open New companies or even industries.

8 0
3 years ago
"marco can build a laptop twice as fast as cliff. working together, it takes them 5 hours. how long would it have taken marco wo
Sati [7]

Answer:

7.5 hours

Explanation:

Let m = macro's work rate

Cliffs work rate = m/2 since macro does the work two times faster than cliff.

(M/2) + M = 5 hours

Solving for m , m = 7.5 hours.

Thus, it would take macros 7.5 hours working alone

7 0
3 years ago
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