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melomori [17]
4 years ago
11

​John's 8minusyearminusold Chevrolet Trail Blazer requires repairs estimated at $ 8 comma 000 to make it road worthy again. His​

wife, Sherry, suggested that he should buy a 5minusyearminusold used Jeep Grand Cherokee instead for $ 8 comma 000 cash. Sherry estimated the following costs for the two​ cars: Trail Blazer Grand Cherokee Acquisition cost $ 25 comma 000 $ 8 comma 000 Repairs $ 8 comma 000 long dash Annual operating costs ​ (Gas, maintenance,​ insurance) $ 2 comma 680 $ 1 comma 800 What should John​ do? What are his savings in the first​ year?
Business
1 answer:
Setler [38]4 years ago
4 0

Answer:

$880

Explanation:

For savings, we have to compute the total operating cost of Trail Blazer and the Grand Cherokee which is shown below:

The Total operating cost of Trail Blazer = Repair +  Annual operating costs ​

= $8,000 + $2,680

= $10,680

And, the Total operating cost of Grand Cherokee would be

= Acquisition cost + annual operating cost

= $8,000 + $1,800

= $9,800

So, the net saving would be

= $10,680 - $9,800

= $880

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Chris wants to accumulate $112,000 in 4 years. He plans on making equal semiannual deposits into an investment account that earn
Katarina [22]

Answer:

$11,728.85

Explanation:

the future value of the annuity = $112,000

number of periods = 8 semiannual payments

interest rate = 10% compounded semiannually = 5%

future value = payment x FV annuity factor

FV annuity factor 5%, 8 periods = 9.5491

payment = $112,000 / 9.5491 = $11,728.85

8 0
3 years ago
All of the following are automatic stabilizers, except.
HACTEHA [7]

Answer: ( C ) Health care spending accounts

Explanation: All of the following are automatic stabilizers, except: Health care spending accounts.

***If you found my answer helpful, please give me the brainliest, please give a nice rating, and the thanks ( heart icon :) ***

4 0
3 years ago
Ginger is a retired school teacher that who makes baked goods in her spare time. She occasionally delivers a batch of her cookie
AnnyKZ [126]

Answer:

d. Ginger cannot be sued under the theory of product liability.

Explanation:

Ginger sells goods to restaurant, and not to direct customers.

Customers can sue the restaurant owner for selling such baked products to them, and not to the direct manufacturer of such products.

Therefore, Ginger cannot be sued.

Although for any loss, the restaurant owner can sue Ginger, but not the direct customers under any scheme of Product liability. As the liability is of restaurant towards people consuming such baked products.

3 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs. Match each law with its benefit for consumers. Economic Growth and Re
kow [346]

Answer:

1. Economic Growth and Regulatory Paperwork Reduction Act - <em>Consumer has less paperwork to go through to buy a new house</em>

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer  paperwork for the customers of such banks who for instance seek a mortgage to buy a house.

2.  Fair Credit Reporting Act - <em>Consumer disputes financial information reported to a credit scoring company</em>

The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.

3. Federal Deposit Insurance Act - <em>The FDIC has the right to review companies for consumers</em>

4. Children's Online Privacy Act - <em>Consumer refuses to provide their five-year-old child's financial data to a company.</em>

The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.

5 0
3 years ago
(PLEASE ANSWER FAST) (15 POINTS)
Fantom [35]

The given assertion about the role of clubs, organizations, and CTSOs to help narrow down a career choice is true.

<h3>What is a CTSO?</h3>

This refers to an acronym that means Career and Technical Student Organizations and they help students to pick a career choice.

Hence, we can see that because of the various importance of both clubs, organizations, and CTSOs, they can help to give real-life solutions and also helps them to develop problem-solving skills.

Read more about CTSOs here:

brainly.com/question/10917703

#SPJ1

3 0
2 years ago
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