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Sedbober [7]
2 years ago
6

Phil Fuller is 17 years old. Phil wants to buy a Corvette automobile. The price of the Corvette is 52000 dollars. Phil works as

a cash register operator at McDonalds. Phil earns 8 dollars per hour. Phil works 25 hours per week. Bob Ferapples is a Corvette Dealer. Phil went to Bob's dealership and informed Bob of Phil's desire to buy a new Corvette. Using relevant material as presented in the text, advise Bob how Bob could structure this deal to make it work. Include all legal rules, concepts, and doctrines to support your analysis. Comment on the postings of your classmates.
Business
1 answer:
vodka [1.7K]2 years ago
8 0

Answer:

To carry out the deal Bob should take note of the following points :

Bob should explain the entire functioning of the car in detailed manner to Phil.

Bob should ensure that an adult should accompany Phil at the time of agreement who would sign on his behalf as Phil is just 17 years old.

A detailed agreement is to be prepared which needs to be signed by an adult at the time of handing over the keys to Phil.

Bob needs to ensure the mode of payment used by Phil,whether cash,Car loan or on Equal monthly instalments.

If going for Car Loan, it has to be applied through a bankand it has to be approved by depositing proper documents.

Registration needs to be done in the name of an adult.

Car Insurance also has to be taken.

Explanation:

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Answer:

16.16%

Explanation:

The formula to compute the expected rate of return is shown below: -

Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)

= (16% × 10%) + (56% × 16%) + (28% × 20%)

= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)

= 0.016 + 0.0896 + 0.056

= 0.1616

= 16.16%

4 0
3 years ago
Because financial markets are ____, securities buyers and sellers do not have full access to information and cannot always break
yarga [219]

Because financial markets are <u>Imperfect</u>, securities buyers and sellers do not have full access to information and cannot always break down securities to the precise size they desire.

<u>Explanation:</u>

An imperfect market is a whole where individual buyers and sellers may influence prices and efficiency, where there is no full transparency of knowledge about products and costs, and where there are large barriers in the sector to enter or exit.

Imperfect markets may not follow the exact measurements of an actual or competitive possible market. If financial businesses were ideal, investors would be constantly and freely responsive to all erudition about any security for trade-in prime and corresponding businesses.

5 0
3 years ago
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Answer:

(A) 18,400 units

(B) 12,940 units

Explanation:

The computation of the equivalent units of production for

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(B) Conversion  =  Units transferred out +  (Ending work in process × conversion percentage)

= 9,300 units + 9,100 units × 40%

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Answer:

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