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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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A customer has $20,000 to invest, but needs immediate access to the funds to pay a variety of bills that will arrive over the ne
tatiyna

Answer:

A. Money Market checking account

Explanation:

A money market account represents a savings account with some features of a checking account provided by a bank. Herein, a customer deposits money, and such funds are invested into money market instruments which are highly liquid, such as commercial papers, treasury bills, certificate of deposits, etc.

Such accounts provide debit card and checks and allow a certain number of withdrawals every month. The rate of interest offered under these accounts is usually higher than the ordinary savings account.

In the given case, the customer has $20,000 to invest and also requires immediate access to the funds to pay his bills. The best recommendation would be to deposit such funds to a money market checking account, which would provide him with access i.e liquidity, a higher rate of interest than on savings account and safety of investment.

It is noteworthy that all other options specified are not as liquid as money market checking account since, those alternatives either require considerable time in redeeming and selling or do not provide immediate access to funds.

4 0
3 years ago
tuttle enterprises is considering a project that has the following cash flow and weighted average cost of capital (wacc) data. w
erica [24]

Tuttle enterprises are considering a project that has the following cash flow and the weighted average cost of capital (WACC) data. The projected net present value is 074.36.

A project's net present value is the sum of the destiny values of the net coin flows compounded at the desired fee of going back minus the net funding. if safety gives a series of coin flows with an NPV of $50,000 and an investor will pay exactly $50,000 for it, then the investor's NPV is $0. It method they'll earn something the cut price charge is on the security.

Net present value or NPV is the sum of the prevailing value of coins inflows and outflows. In other phrases, it's far the distinction between the present values of cash inflows and the prevailing value of cash outflows over a while.net gift cost shows how a lot of money an assignment or investment will advantage or lose in terms of the present-day budget. future coins drift would not carefully mirror the current cash drift of an undertaking because of the impact of factors along with inflation and lost compound hobby so NPV adjusts for this reason.

Learn more about Net present value here:-brainly.com/question/18848923

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8 0
1 year ago
There are only two consumers in a market, Harry and Hermione. Harry is willing to buy 12 magic wands when the price is $20 per w
Blizzard [7]

Answer:

The answer is 14

Explanation:

8 0
2 years ago
Splish Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $110,00
kipiarov [429]

Answer: $155,520

Explanation:

Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost

Interest Cost

= Interest rate * Projected benefit obligation

= 0.09 * 728,000

= $65,520

Pension Expense = 110,000 - 30,000 + 10,000 + 65,520

= $155,520

3 0
3 years ago
Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul
pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0
3 years ago
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