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3 years ago

13

Someone who needs a car to travel to work, run daily errands, and make yearly road trips would most likely choose to do which of

the following? A. Rent a car B. Finance a car C. Join a carpool D. Lease a car

2 answers:

lisov135 [29]3 years ago

6 0

B. Finance a car. If they need to use one yearly, then it would be best to finance one and pay it off over time

Kruka [31]3 years ago

4 0

Finanace
the car on apex

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. General Motors’s bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $ 1,000 par value, and

pshichka [43]

Answer:

Present value of the bonds 935.82

Explanation:

We have to calculate the present value of the coupon interest service

and the face value redeem at maturity.

$C \times \frac{1-(1+r)^{-time\times} }{rate} = PV\\$

C = 1000 x 0.8 = 80

rate = 9%

time = 10

$80 \times \frac{1-(1+0.08)^{-10} }{0.08} = PV\\$

PV = 513.41262

$\frac{Face}{(1 + rate)^{time} } = PV$

Face Value = 1000

rate = 0.09

$\frac{1000}{(1 + 0.09)^{10} } = PV$

PV = 422.410807

<u>Present value of the bonds </u>

annuity PV + face PV = market price

513.41262 + 422.410807 = 935.823427 = 935.82 market value

5 0

4 years ago

Compute break-even point The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn ha

anyanavicka [17]

Solution :

<u>Fixed cost per month</u> <u>Variable cost per room</u>

Salaries $ 5,900 Maid service $ 14

Utilities $ 1,100 Other cost $ 28

Depreciation $ 1000

Maintenance $ 100

Total fixed cost per month Total variable cost per room

$ 8,100.00 $ 42.00

$\text{Contribution margin per room}$

Rent per room $ 60

Total variable cost per room $ 42

$\text{Contribution margin per room}$ (A) $ 18.00

Contribution $\text{margin}$ ratio

$\text{Contribution margin per room}$ $ 18

Rent Per room $ 60

Contribution $\text{margin}$ ratio (B) 30%

Fixed cost (C) $ 8100

Break Even points in Rooms,( D = C/A ) = 450

Rent Per room (E) $ 60

Break Even point in dollars (F = D x E ) = $ 27000

Fixed cost ( G = C) = $ 8100

Contribution $\text{margin}$ ratio ( H = B ) = 30%

Break Even point in dollars (I = G/H = F) $ 27,000

<u>If Fixed Cost changed to $ 8,750 and Room Rent changed to $ 65</u>

<u>Contribution </u> $\text{margin}$ <u> per room</u>

Rent Per room $ 65

Total variable cost per room $ 42

$\text{Contribution margin per room}$ (A) = $23

Contribution $\text{margin}$ ratio

$\text{Contribution margin per room}$ $ 23

Rent Per room $ 65

Contribution $\text{margin}$ ratio (B) = 35% or 35.38%

Fixed cost (C) = $8750

Break Even points in Rooms (D = C/A) = $ 24,728.26 or $ 24,700

Fixed cost ( H = B) = 35.38 %

Break Even point in dollars (I = G/H = F) = $24,728.26 or $ 24,731

8 0

3 years ago

Identify which of the following items would be reported in the balance sheet. a. Cash d. Wage expense g. Net income b. Sales e.

nordsb [41]

Answer:

The correct answer is B

Explanation:

Balance sheet is the one of the most vital financial statements which states or represent the financial position of the business at a particular date, and the items that are lists the owner's equity, assets and liabilities at particular time.

In short, the balance sheet is the statement which represent the net worth of the business. So, the items of the balance from the above options are cash, wages payable, long- term debt, inventory and retained earnings.

6 0

4 years ago

Using the following information: The bank statement balance is $3,480. The cash account balance is $3,535. Outstanding checks am

Assoli18 [71]

Answer:

Preparation of bank reconciliation is shown Below:-

Explanation:

Miller co.

Bank Reconciliation

Aug-31

Cash Balance according to bank statement $3,480

Add: Deposits in transit not recorded by bank $729

Balance $4209

Less: Outstanding checks $796

Adjusted balance $3,413

Cash Balance according to company's records $3,535

Less: Bank service charge $113

Error in recording $9 $122

Adjusted balance $3,413

5 0

3 years ago

If the fed increases the supply of bank reserves, ________.

Dmitry_Shevchenko [17]

The federal funds rate falls , because the supply of the bank reserves increases

6 0

3 years ago

Read 2 more answers