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3 years ago

What is not a potential risk of purchasing a used car?

Business

2 answers:

Alja [10]3 years ago

6 0

Answer:

used cars can have lower initial cost

Explanation:

Remember, the term risk often refers to an unpleasant or unwelcome event such as a loss arising from a particular action.

Hence, since we are looking for what is not a loss (potential risk) of purchasing a used car, the best option that matches this is that used cars have a lower initial cost which ofcourse can be seen as an advantage.

Leno4ka [110]3 years ago

6 0

Answer:

the answer is USED CARS CAN HAVE A LOWER INITIAL COST

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Teenage entrepreneurship is growing especially in the _____ industry

taurus [48]

Teenage entrepreneurship is growing especially in the health industry and saving the environment.

6 0

3 years ago

Read 2 more answers

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.

nasty-shy [4]

Answer:

$3,340

Explanation:

Step 1 : Determine the Depreciation rate

Depreciation rate = Cost - Salvage Value ÷ Estimated Units

Depreciation rate = $0.10

Step 2 : Depreciation Expense

Depreciation Expense = Depreciation rate x units produced

Depreciation Expense = $3,340

Therefore,

the machine's second-year depreciation using the units-of-production method is $3,340

4 0

3 years ago

Kallie Smith, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charg

user100 [1]

Answer:

Use the high-low method to determine Flower Hour's cost equation for van operating costs.

total cost = $1,355 + ($0.25 x total miles)

Use your results to predict van operating costs at a volume of 15,000 miles.

total cost (15,000 miles) = $1,355 + ($0.25 x 15,000) = $5,105

Explanation:

Month Miles driven Van Operating Costs

January 15,800 $5,460

February 17,300 $5,680

March 14,600 $4,940

April 16,000 $5,310

May 17,100 $5,830

June 15,400 $5,420

July 14,100 $4,880

high cost - low cost = $5,680 - $4,880 = $800

high cost - low cost = 17,300 - 14,100 = 3,200 miles

variable cost per mile = $800 / 3,200 miles = $0.25 per mile

total variable cost when driving 14,100 miles = 14,100 miles x $0.25 per mile = $3,525

total fixed cost = $4,880 - $3,525 = $1,355

total cost = $1,355 + ($0.25 x total miles)

total cost (15,000 miles) = $1,355 + ($0.25 x 15,000) = $5,105

5 0

2 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

satela [25.4K]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

7 0

3 years ago

TB MC Qu. 08-152 Minor Company installs a machine... Minor Company installs a machine in its factory at the beginning of the yea

Neko [114]

Answer:

The correct answer is "$54000".

Explanation:

According to the question,

Annual depreciation rate will be:

= $\frac{100 \ percent}{5}$

= $20$ (%)

hence,

The depreciation as per double decline will be:

= $2\times Annual \ depreciation \ rate\times Beginning \ value$

By putting the values, we get

= $2\times 20 \ percent\times 135000$

= $54000$ ($)

5 0

3 years ago