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In-s [12.5K]
4 years ago
5

Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car pay

ments can be described by which one of the following terms? A) Perpetuity B) Annuity C) Consol D) Lump sumE) Factor
Business
1 answer:
lbvjy [14]4 years ago
7 0

Answer:

Option B.....Annuity

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Dry gulch farms hires elliot to repair its irrigation system on site on a certain date for $2,500, but elliot does not show up a
OLEGan [10]
The answer is "nominal damages".

Nominal damages alludes to a harm or damage grant that is issued by a court when a legitimate wrong has happened, yet where there was no real budgetary misfortune because of that lawful wrong. Regularly, when an nominal damage grant is utilized, the offended party will be granted $1 or $2. This may appear to be senseless, however nominal damages fill an essential need.
5 0
4 years ago
Culver Company has an old factory machine that cost $64,500. The machine has accumulated depreciation of $36,120. Culver has dec
enot [183]

Answer: The machine cost 64,500 and has accumulated depreciation of 36,120 so the book value of the machine is (64,500-36,120)=28380

The book value of the machine is 28380 so if the machine is sold for 32,250 then the gain on sale is (32,250-28380)= 3,870

                                                Debit                             Credit

Cash                                          32,250

Machine                                                                         28,380

Gain on sale                                                                    3,870

If the machine is sold for 19,350 then there will be a loss on the sale of the machine and the loss will be debited. (28380-19350)=9,030

                                                Debit                             Credit

Cash                                         19,350

Loss on sale                               9,030

Machine                                                                          28,380

Explanation:

4 0
3 years ago
The salesperson's objective is to begin converting a prospect into a customer by creating a desire for the product or service du
Ne4ueva [31]

Answer: Presentation.

Explanation:

The presentation stage is the stage after the approach stage of personal sales, where the marketer introduces a product to a potential buyer and tries to sell the product by listing out the qualities of that product to the buyer.

5 0
3 years ago
-h, a student ofColumbia University, foundthat many of his classmateshad purchased an iPadtablet from Apple. Severalmonths after
notka56 [123]

Answer:

<em>E) early majority</em>

Explanation:

<em>From the following adopter groups, -h belongs to </em>early majority.

<em>Because early majority is basically, a type of adopter group in which people want to buy and use the latest products that has been launched in the market. </em><em>For example, as we can see today the products which are related to technology are been updated day by day.</em>

And in early majority, people see that some of the people have earlier already used the product, so they also want to use that particular product.

6 0
3 years ago
Roundwell, Inc. purchases a manufacturing plant for $15 million, by paying $5 million in cash as down payment, and borrowing the
djverab [1.8K]

Answer:

A Mortgage

Explanation:

A mortgage is a contract between two parties borrower and lender. In this agreement a bank or any other institution issues a loan against taking an title of an asset as a collateral that will become void if the mortgage is fully paid back with interest. The asset is taken as a security of the mortgage loan. The collateral should a specific asset that can be identifiable. Actual possession may not be transferred to lender only the ownership is transferred in many cases.

In this question the bank is taking a plant as a collateral from Roundwell Inc. against a mortgage loan of $10 million.

8 0
3 years ago
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