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ipn [44]
2 years ago
11

Alexis, a minor acting on her own, signs a contract to buy a motorcycle and accessories from Bad Bikes dealership. Later, after

taking possession, Alexis disaffirms the deal. She
a. ​can keep the motorcycle but not the accessories.
b. ​can keep the accessories but not the motorcycle.
c. ​can keep the motorcycle and accessories.
d. ​must return both motorcycle and accessories.
Business
1 answer:
Dmitriy789 [7]2 years ago
3 0

Answer:

b. ​can keep the accessories but not the motorcycle.

Explanation:

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Ben and carla covington plan to buy a condominium. they will obtain a $220,000, 30-year mortgage at 5 percent. their annual prop
shtirl [24]

Answer: The total using monthly housing payment is 1371.01.

The monthly payment on a house usually comprises of four parts - principal, interest, taxes and insurance. Even though taxes and insurance are due only once a year, most home loan lenders require that these amounts be deposited in an escrow account . They then transfer the amounts to the respective agency when the amounts fall due. So, the value of monthly payment is:        

Monthly Housing Payment = Principal + Interest + Taxes + insurance

We need to calculate the EMI on the housing loan. This will cover the monthly payment on principal and interest

EMI = \frac{PV}{\frac{1-(1+r)^{-n}}{r}}

EMI = \frac{220000}{\frac{1-(1+\frac{0.05}{12})^{-30*12}}{\frac{0.05}{12}}}

EMI = \frac{220000}{\frac{1 - 0.22382659564135}{0.0042}}

EMI = \frac{220000}{186.28}

EMI = 1181.01

Next we calculate the monthly property taxes and insurance

Monthly property taxes       \frac{1800}{12} = 150

Property insurance             \frac{480}{12} = 40

Hence the total housing payment is : 1181.01 + 150 +40 = 1371.01

3 0
3 years ago
______ refers to the extent to which employees believe their organization values their contributions and cares about their well-
IRISSAK [1]

Answer:

Perceived Organization Support- POS

Explanation:

POS stands for perceived organization support. Through POS, the employees believe that their organization cares for their needs. The employees believe that the organization cares about their welbeing and values their contribution. Employees tend to perform better when they receive rewards and favorable treatments.

Through POS, Employees can raise their grievances and opinions through the company's intranet or other channels. This helps them feel that they are part of the organization. The result is increased performance and commitment by workers.

6 0
3 years ago
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inve
Helga [31]

Answer:

Phoenix Corporation

The long-term debt to tangible assets for 20X2 is:

= 0.74.

Explanation:

a) Data and Calculations:

                                        20X2      20X1

Accounts receivable $ 267,500 $ 230,000

Inventory                       312,500    257,500

Cash                               90,000      77,500

Total current assets    670,000    565,000

Intangible assets           50,000      60,000

Tangible assets           105,000      70,000

Total assets                 825,000   695,000

Current liabilities        252,500   200,000

Long-term liabilities      77,500      75,000

Equity                         495,000    420,000

Total liabilities/Equity 825,000    695,000

Income Statement for year 20X2

Sales                          1,640,000

Cost of goods sold     982,500

Gross profit                 657,500

Operating expenses  442,500

EBIT                             215,000

Interest expense          10,000

Pretax income           205,000

Income tax expense    77,500

Net income                127,500

Statement of Cash Flows:

Cash flow from operations                 71,000

Cash flow from investing activities    (6,000 )

Cash flow from financing activities (62,500 )

Net cash flows =                                  2,500

Tax rate 30 %

Long-term debt to Tangible assets = 77,500/105,000 = 0.74

b) This ratio describes the percentage of the tangible assets financed by long-term debts.  It is a financial leverage ratio.  The computation compares the long-term debts to the tangible assets.

4 0
3 years ago
What is a cost of filing bankruptcy?
nikitadnepr [17]

Answer:

It appears on a consumer's credit report for up to 10 years

Explanation:

Bankruptcy is a legal means of declaring that a person or business cannot repay its debts.

The cost of filing for bankruptcy is that it damages credit and appears on a consumer's credit report for up to 10 years after it has been filed.

5 0
3 years ago
Mark is a young man who works as a mailroom clerk at an office downtown. He was hired last month as the result of a referral fro
Art [367]

Answer:

The solution would be for Mark's co-workers to call for an internal meeting with Mark. In the meeting, they would need to discuss all their issues ranging from mark's bike, to his actions in his work place.

Their is need for the workers to tell Mark that, his wet bike disrupt the work place making it unsafe during work. Also, they should tell him to lokk for another location where he will be parking his bike rather than bringing it inside the office.

Lastly, they should look for a subtle way to inform him about the need to take adequate care of his body and hair through appropriate grooming.

Explanation:

6 0
2 years ago
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