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3 years ago

What is the residual value of a leased vehicle? A. The vehicles current selling price

Business

2 answers:

dsp733 years ago

8 0

The answer is<u> "D. The vehicles worth st the end of the lease".</u>

A car's residual value is an estimate of how much your vehicle will be worth when your rent is up. This number is figured into your month to month vehicle rent installments, so it's useful to do some exploration all alone to comprehend what the evaluated remaining estimation of your vehicle might be.

An incredible place to begin is by doing some online research on the resale estimation of your vehicle. Picking a car that holds its resale esteem after some time will give you a higher remaining quality.

Radda [10]3 years ago

3 0

I believe its D hope this helps :)

You might be interested in

1. Should you have a separate checking and saving account?

iris [78.8K]

Back when interest rates were high, I had just one account. I had a money-market checking account that offered good interest rates and unlimited check writing. But those days are long gone.

I want as high an interest rate as I can get for my savings. In order to get those rates, I am using a money-market savings account. All such accounts I’ve seen restrict the number of transactions I can make in a month. I need to be able to pay bills, no matter how many of them there are — and I never ever want to pay fees for excess transactions!

So I have a separate checking account. It pays less than half the interest rate of my savings account, but I can make as many transactions as I want. The bank offers a bill pay application that I use for most payments, and I can write as many checks as I want to. I can transfer money between the accounts quickly.

5 0

2 years ago

Suppose that an income producing property is expected to yield cash flows for the owner of $150,000 in each of the next five yea

vivado [14]

Answer:

$1,449,635.50

Explanation:

The computation of the value of the property today is shown below:

First the present value for 5 years is

Year Cash flows Discount factor Present value

1 $150,000 0.925925926 $138,888.89

2 $150,000 0.85733882 $128,600.82

3 $150,000 0.793832241 $119,074.84

4 $150,000 0.735029853 $110,254.48

5 $150,000 0.680583197 $102,087.48

Total present value $598,906.51

The discount factor is

= 1 ÷ (1 + rate)^years

And, the formula of future value is

Future value = Present value × (1 + rate)^number of years

$1,250,000 = Present value × (1 + 0.08)^5

$1,250,000 = Present value × 1.469328077

So, the present value is $850,729

Now the today value of the property is

= $598,906.51 + $850,729

= $1,449,635.50

7 0

3 years ago

Inâ€‹ 2011, Kendallâ€‹ Ford, an automobileâ€‹ dealership, spentâ€‹ $20,000 on a new car lift for its repairâ€‹ shop, $2,000 on a

Lilit [14]

Answer:

$522,000

Explanation:

The computation of the Kendall Ford's total investment spending in 2018 is shown below:

= Dealership spent + repairing cost + unsold cars and trucks were valued i.e closing cost - unsold cars and trucks were valued i.e opening cost

= $20,000 + $2,000 + $900,000 - $400,000

= $522,000

The $600,000 would be ignored and the rest cost are taken for the computation

4 0

3 years ago

Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenue, expen

marin [14]

Answer:

(a) It affects expense account.

(b) It affects Revenue account.

(d) It affects Expense account.

(e) It affects Dividend account.

(f) It affects Revenue account.

(g) It affects Expense account.

(h) It does not affect stockholders’ equity because purchase of equipment for cash doesn't affect stockholders’ equity.

(i) It affects Common stock account.

4 0

3 years ago

Exercise 15-2 On January 1, 2017, Klosterman Company issued $420,000, 12%, 10-year bonds at face value. Interest is payable annu

Maslowich

Answer:

The journal entry to record the bond issuance is shown below:

Explanation:

The journal entry to record the bond issuance is as:

Cash A/c.............................................Dr $420,000

Bonds Payable A/c......................Cr $420,000

Being the bonds issued

As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.

6 0

3 years ago