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3 years ago

If you are purchasing a new car and have saved $2100 to use as a 10% cash down payment, how much is your total budget?

Business

1 answer:

Alexus [3.1K]3 years ago

7 0

Answer:

$21, 000

Explanation:

Saves $2100 as a deposit for the car.

If 2100 is 10%, the total budget for the car

Total budget = 100%

$2100 = 10%

100% = $2100/10 x 100

=210 x 100

=$21, 000

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Which do you prefer: a bank account that pays 5 %5% per year (EAR) for three years or: a. An account that pays 2.5 %2.5% ever

Kobotan [32]

Answer:

c. An account that pays 0.5 %0.5% per month for three years.

Explanation:

We can evaluate all the option using following formula:

EAR = ( 1 + ( r / m ) )^m -1

2.5% every six months for three years

r= 2.5% = 0.025 / 6 =

m = 12/6 = 2

EAR = ( 1 + 0.025 )^2 -1

EAR = 0.050625 = 5.06%

7.5% every 18 months for three years

r= 7.5% for 1.5 years = 7.5% / 18 = 0.4167% per month = 0.004167 per month

EAR = ( 1 + 0.004167 )^12 -1

EAR = 0.051166 = 5.12%

0.5% every month for three years

r= 0.5% = 0.005

EAR = ( 1 + 0.005 )^12 -1

EAR = 0.0616778 = 6.17%

We will prefer an account that pays 0.5 %0.5% per month for three years, it pays the highest return.

6 0

4 years ago

As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc

Natalija [7]

Answer:

Nursery Supplies at year-end 76,000,000

Gain on investment 12,000,000

Explanation:

Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.

value of the investment at year end:

begining 67,000,000

income 60,000,000 x 20% = 12,000,000

cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)

ending investment 76,000,000

8 0

3 years ago

Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a

adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

= $50,000

Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

= $50,000 - $109,000 + $410,000 + $94,200

= $443,400

3 0

3 years ago

In terms of dollars, the marginal benefit of working five days a week instead of four days a week is A) the wages received for 4

dalvyx [7]

Answer:

B) the wages received for the fifth day of work.

Explanation:

Marginal benefit is the increment in benefit generated by an increase by one unit of output. In this situation, the marginal benefit is given by difference in wage of working five days a week from the wage of working four days a week. Therefore, the marginal benefit is the wage received for the fifth day of work.

The answer is alternative B)

7 0

3 years ago

The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing

zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0

3 years ago