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NeTakaya
3 years ago
9

Thomas is thinking about the car he wants to buy in a few years. He doesn't know what he should do right now so that he can buy

the car. What should Thomas do?
Business
2 answers:
Crank3 years ago
8 0
Thomas should get a job and save every pay check he gets and then in a few years he would have to sit his self down and think about the pros and cons of the car he wants. 
Stolb23 [73]3 years ago
3 0

Answer:

He should become more knowledgeable about smart ways to save and about car loans is the correct answer.

Explanation:

First, it is necessary to consider that Thomas wants to buy a car in a few years and not exactly now or soon. It means that he doesn't have enough money so he should research about different ways to save money because he can get a good profit from it. He should also learn about car loans since he might need one and when the time comes, he will know how to handle the situation.

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Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,990/year. The contract currently sells for $143,012. Wh
Pie

Answer:

3.49%

Explanation:

Calculation to determine the rate of return on this investment

Using this formula

Rate of return=Monthly payment/Current value*100

Let plug in the formula

Rate of return = $4,990/$143,012 *100

Rate of return= 3.49%

Therefore the the rate of return on this investment is 3.49%

4 0
2 years ago
The relationship between quantity supplied and price is ________ and the relationship between quantity demanded and price is ___
mart [117]

Answer:

direct, inverse

Explanation:

Hope it helps

4 0
2 years ago
Lewis Company traded machinery with a book value of $950,000 and a fair value of $900,000. It received in exchange from Timmons
Komok [63]

Answer:

Lewis should recognize a gain on the exchane of $13,636

Explanation:

In order to calculate the amount of gain or loss should Lewis recognize on the exchange, first we have to determine the amount of gain with the followig formula:

Gain=Total value of the machine received-Book value of machine exchanged

     =(cash received+fair value of machine received)- $950,000

     =($100,000+$1,000,000)-$950,000

     =$ 150,000

Next, In order to calculate the amount of gain or loss should Lewis recognize on the exchange we have to use the following formula:

recognize gain or loss=( <u>      cash received       )</u>× gain

                    cash received+fair value of equipment received

                                   =  (<u>    $ 100,000     </u>)× 150,000

                                  $100,000+$1,000,000

                                   =$13,636

Lewis should recognize a gain on the exchane of $13,636

8 0
3 years ago
Ima, Boyd, and their fellow employees at Endrun work on an assembly line and do not have a specialized skill. If they are succes
ANEK [815]

Answer:

An industrial union

Explanation:

Industrial unionism is a labour union organizing method through which all workers in the same industry are organized into the same union, regardless of skill or trade, that is it combines all workers, both skilled and unskilled, who are employed in a particular industry thus giving workers in one industry, or in all industries, more leverage in bargaining and in strike situations.

4 0
3 years ago
Cost of goods sold $500,000 Average inventory 62,500 Determine (a) the inventory turnover and (b) the number of days' sales in i
nadya68 [22]

Answer:

(a) 8 times

(b) 45.6 days

Explanation:

Given that,

Cost of goods sold = $500,000

Average inventory = $62,500

Assume 365 days a year.

(a) Inventory turnover ratio:

= Cost of goods sold ÷ Average inventory

= $500,000 ÷ $62,500

= 8 times

(b) Number of days' sales in inventory days:

= 365 days ÷ Inventory turnover ratio

= 365 days ÷ 8

= 45.6 days

8 0
4 years ago
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