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
vova2212 [387]
2 years ago
9

Suppose the value of owning a first car is worth $30,000 to you, and the value of owning a second car is worth $24,000 to you. S

uppose the price of each car is $25,000.Assume you have already purchased the first car. Since the total benefit of owning two cars equals $54,000, and the total cost of two cars costs $50,000, should you purchase the second car
Business
1 answer:
VLD [36.1K]2 years ago
6 0

Answer:

No, the second car shouldn't be purchased.

Explanation:

After buying the first car, when second car is to be brought the marginal benefit is lower than marginal cost. So, only one car should be brought.

You might be interested in
Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cash receipts are expected to
Leya [2.2K]

Answer:

Amount to be borrowed = $21,600

Explanation:

Provided details,

Opening cash balance as on 31 March = $36,400

Add: Expected Receipts = $641,000

Less: Expected purchases = ($608,500)

Less: Cash Expenses = ($27,000)

Less: Selling and administration ($33,500)

Total balance = $8,400

Balance to be maintained = $30,000

Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600

6 0
3 years ago
Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a rep
Tju [1.3M]

Answer:C) $2,125.

Explanation:

Interest = Principal x rate x time (period)

using days in a year = 360 days

Interest = $85,000 X 10% x 90/360

=$2,125

Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest

8 0
3 years ago
A single man lived in his residence for 3 years, sold it for a gain of 185000 he is 58 years old when preparing his tax return h
svlad2 [7]
File form 6239 for a reduced rate.
8 0
2 years ago
The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part t
Dmitry [639]

Answer: d. Business

Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.

5 0
3 years ago
What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet?
kiruha [24]

Answer:

As assets but separately from other receivables.

Explanation:

When a company lends money to its employees, managers or affiliated companies, or sells goods or services to them, it must report those accounts or notes receivables in a separate account than normal transactions carried out with external customers. This happens because the transactions must be verifiable to check if they were legal and followed the proper procedures, and at what price or interest rate were they carried out. E.g. a corporation that lens $10 million to its CEO at 1% interest rate is not doing things properly and that transaction should be reversed and proper interest rates must be charged.  

5 0
3 years ago
Other questions:
  • If goods are sold on terms fob shipping point, the ________.
    11·1 answer
  • Fixed assets. <br><br> A a building is one example. <br><br> B spreading costs over time
    6·2 answers
  • Which of the following reflects a true relationship between making decisions and reaching objectives
    13·1 answer
  • Which tasks are done by both historians and detectives? Check all that apply.
    6·2 answers
  • The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran, had the same general m
    9·1 answer
  • If the depreciable investment is $1,000,000 and the MACRS 5-Year class schedule is: Year-1: 20%; Year-2: 32%; Year-3: 19.2%; Yea
    5·1 answer
  • Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).
    8·1 answer
  • When analyzing a price-earnings ratio:_________.
    6·1 answer
  • Q5. You are launching the Pakistani street food cafe. Identify the marketing mix (four p’s) -
    9·1 answer
  • Eileen is a risk neutral consultant, doing work for acme, inc. The company offers her a choice of two compensation plans. Under
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!