1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zimovet [89]
4 years ago
7

to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48%

residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?
Business
1 answer:
max2010maxim [7]4 years ago
6 0

Answer:

The approximate monthly payment is $383

Explanation:

Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.

Firstly, we start off by subtracting 48% residual value from the MSRP

48% of 26,500 = 48/100 * 26,500 = $12,720

We subtract this from $26,500

That will be $26,500 - $12,720 = $13,780

We have 3 years and that is 36 months

So the approximate monthly payment will be;

$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit

You might be interested in
use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that h
Goryan [66]

Gross investment can be zero but never negative because it is the investment in the capital stock.

<u>Explanation:</u>

Gross investment in a country is the amount that has been spent by the economy on the fixed assets of the economy in a given period of time. It is the addition done to the total capital stock of the country in a particular period of time.

So this shows that it can be zero meaning that no amount is spent on the addition of the capital stock in a particular period of time but it can never be negative.

5 0
3 years ago
The main source for recruiting members into the FBLA is through school guidance counselors and teachers.
Mama L [17]

Answer:

That statement is false.

Explanation:

FBLA stands for Future Business Leaders of America. It's an organization that was created to focus on preparing its members for future careers / leaderships position.

Currently, the FBLA recruited most of its members through a campaign that they personally do in campuses. They sent out  design posters, flyers, banners, and other advertisement medium to spread awareness of their group/.

6 0
3 years ago
company purchased factory equipment on June 1, 2013, for $80,000. It is estimated that the equipment will have a $5,000 salvage
mylen [45]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The company purchased factory equipment on June 1, 2013, for $80,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 10-year useful life.

Under the straight-line method of depreciation, we need to use the following formula to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (80,000 - 5,000)/10= 7,500

Now, we need to calculate the depreciation for 7 months:

Depreciation expense 2013= (7,500/12)*7= $4,375

8 0
3 years ago
PUILPie CIUILE QUSLU11 00
adell [148]

Answer:

The journal entry to record the issuance of new stocks is:

Dr Cash 164,800

    Cr Common stock 72,100

    Cr Additional paid in capital in excess of par value 92,700

When you issue new stocks, the common stock account increases by par value (= 10,300 stocks x $7). Any money obtained over par value must be recorded under the additional paid in capital account (= 10,300 x $9).

4 0
4 years ago
Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for
k0ka [10]

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

5 0
4 years ago
Other questions:
  • Today was a tough day at Brightland Real Estate. Word came down from city hall about new zoning requirements that will make it h
    15·1 answer
  • In the Month of March, Digby received orders of 104 units at a price of $15.00 for their product Dell. Digby uses the accrual me
    13·1 answer
  • Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the m
    14·1 answer
  • All parties in the chain of​ _____ of a defective product are​ _____ liable for the injuries caused by that product.
    8·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    9·1 answer
  • Chester currently has $14,000,000 in cash and management has decided to issue stocks and bonds worth an additional $8,000,000. T
    7·1 answer
  • Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevan
    14·1 answer
  • Which of these are commonly found on a partnership agreement?
    8·1 answer
  • Which group is legally responsible for implementing
    6·2 answers
  • You are working on a brochure about your business. The type for the body text will be black and that for the section headings wi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!