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EleoNora [17]
4 years ago
9

You are interested in purchasing a new automobile that costs $33,000. The dealership offers you a special financing rate of 9% a

nnual rate (0.75% per month) for 60 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to ________. A. $548 B. $685 C. $959 D. $1096
Business
1 answer:
Ghella [55]4 years ago
5 0

Answer:

$685

Explanation:

<u>Workings</u>

Cost of new automobile = $33,000

Financing rate  = 9%/ annual or 0.75 / month

Period of payment = 60 months

1st month payment = (33000/60 ) + (33000*0.75%)

550+247.5 = 797.5

Closest amount here is $685

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On june 1, aaron company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated usefu
Leto [7]
The partial year of service is from Januarry to May.

Thus, using straight line mathod, the <span>depreciation expense on the equipment for the year is given by:

\frac{5}{12} \left( \frac{90,000}{3} \right)= \frac{5}{12} (30,000)=\$12,500</span>
8 0
3 years ago
Edward's Manufactured Homes purchased some machinery 3 years ago for $319,000. These assets are classified as 5-year property fo
9966 [12]

Answer:

$144,592  

Explanation:

The computation of the after tax salvage value is shown below;

We assume that after 2 years, 52% of the equipment cost would be written off so the remaining basis i.e.

= $319,000 × 48%

= $153,120

The tax loss is

= $153,120 - $140,000

= $13,120

ANd, the tax rate is 35%

So,  

= $13,120 × 0.35

= $4,592

Now the after tax salvage value is

= $140,000 + $4,592

= $144,592  

7 0
3 years ago
Leadership is best defined by our text as.... Question 1 options: the ability to reduce the dependence of team members on each o
sertanlavr [38]

Based on sociocultural theory, Leadership is best defined by our text as "<u>the ability to influence a group toward the achievement of a vision or set of goals."</u>

<h3>Characteristics of Leadership</h3>

Leadership has been found to have some of the following features:

  • Effective communication
  • Empathy
  • Confidence
  • Integrity
  • Delegation
  • Self-Awareness
  • Motivation
  • Charisma, etc.

All of the characteristics above are combined by leaders to influence followers toward accomplishing objectives, goals, or a vision.

Hence, in this case, it is concluded that the correct answer is option B. "<u>the ability to influence a group toward the achievement of a vision or set of goals."</u>

Learn more about Leadership here: brainly.com/question/12522775

4 0
3 years ago
Economic turmoil has a plus side because it produces opportunities for entrepreneurs who are comfortable with environmental fact
Dmitrij [34]

Answer: A) True.

Explanation: An economic crisis can represent a great opportunity disguised as a disaster, as well focused efforts to overcome it, can lead in entrepreneurial minds the possibility of reinventing themselves, defining new policies of their markets and achieving unthinkable achievements, which would not even be thought of in times of bonanza.

5 0
3 years ago
Due to political instability in the country of United Mapa, the strategic leaders at the headquarters of FT Supplies Inc. have d
Korolek [52]

Answer: (D) Corporate strategy

Explanation:

The corporate strategy is one of the type of strategic planning method that helps in achieving the main objective of the company and also improving the various types of business units in an organization.

The corporate strategy basically creating the values and also developing the various types the various types of unique advantages for selling the products and the services in the market.

According to the given question, due to some political instability the strategic leader of the company decided to divest in the business and this is known as the corporate strategy.  

 Therefore, Option (D) is correct answer.    

3 0
3 years ago
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