All categories

3 years ago

Lindsay needs to purchase a car. The car she is planning o in purchasing costs $8,000

Business

1 answer:

Firlakuza [10]3 years ago

8 0

Answer:

1. $6,000

2. $60

3. $8,180

Explanation:

With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000

As Lindsay would pay for a term of 3 years

=> In each year, the amount finance is: $2,000

In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60

=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180

The actual cost of the car for Lindsay to own:

Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180

= $8,180

You might be interested in

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assign

Tcecarenko [31]

<span>120
The simple answer is that 5 items can be arranged 5! (5 factorial) different ways. But let's expand upon that brief answer. We have 5 jobs and 5 machines with which to perform those jobs. So let's look at the 1st machine. Any of 5 of the jobs may be assigned to it. Now we have 4 jobs left unassigned. So let's look at the 2nd machine. For that machine, any of the 4 remaining jobs may be assigned to it, leaving 3 unassigned jobs. We can continue in that fashion, assigning at random one the of 3 remaining jobs to the 3rd machine, one of the 2 remaining jobs to the 4th machine, and finally, the only unassigned job to the 5th machine. So there's 5 * 4 * 3 * 2 * 1 = 5! = 120 different ways to assign those 5 jobs to all 5 machines.</span>

3 0

3 years ago

What is a public good?

Pie

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment

7 0

3 years ago

Zoning regulations often prevent a landowner from doing whatever she wants with her property. Some people believe that such zoni

Afina-wow [57]

Answer:

The correct answer is takings.

Explanation:

The principles set forth in the Fifth Amendment to the United States Constitution are fundamental to anyone accused of committing a crime. Although there are several provisions of this amendment, the elements that protect a person accused of committing a crime are four: the right against forced self-incrimination; the right to a grand jury; the right not to be tried twice for the same crime (exception of res judicata) and the right to due process.

5 0

3 years ago

Prebankruptcy counseling includes all of the following except:

Anon25 [30]

My answer would probably be B!

7 0

3 years ago

Owner made no investments in the business, and no dividends were paid during the year. Owner made no investments in the business

lyudmila [28]

Answer:

A corporation had the following assets and liabilities at the beginning and end of this year.

Assets Liabilities

Beginning of the year $ 76,500 $ 32,796

End of the year 132,000 53,460

Details a b c d

1 Beginning of the year Equity 43,704 43,704 43,704 43,704

2 Owner's investment (+) - - 45,000 35,000

3 Dividends (-) - 10,200 - 10,200

4 Net income / loss (+) 34836 45,036 -10164 10,036

5 End of the year Equity 78540 78540 78540 78540

Explanation:

Equity = Assets - Liability

Beginning of the year = 76500 - 32796 = $43,704

End of the year = 132000 - 53460 = 78540

Net income = End of year equity - (Beginning of the year Equity + Owner's Investment - Dividends)

a) Net income = 5 - (1 + 2 - 3)

= 78540 - (43704 + 0 - 0)

= 34,836

b) Dividend of 850 per month = 850 * 12 = 10,200

Net income = 5 - (1 + 2 - 3)

= 78540 - (43704 + 0 - 10200)

= 45,036

c) Net Income = 5 - (1 + 2 - 3)

= 78540 - (43704 + 45000 - 0)

= -10,164

d) Dividend of 850 per month = 850 * 12 = 10,200

Net Income = 5 - (1 + 2 - 3)

= 78540 - (43704 + 35000 - 10200)

= 10,036

Owner's investment increases equity

Dividends reduce equity

Net Income increases equity

6 0

3 years ago