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
Anni [7]
3 years ago
14

there are differences between leasing and buying a car. when you _____, you own the car when you finish paying. purchase a car w

ith a car loan lease a car
Business
2 answers:
Ivahew [28]3 years ago
7 0

I believe it is "Purchase a car with a car loan"

Sedbober [7]3 years ago
3 0
When you buy a car, you own the car when you finish paying. Leasing is when you rent it.
You might be interested in
On January 1, Year 1, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. Interest is payable annually on December 3
Tasya [4]

Answer:

a) Cash received = $183,350

b) Interest expense = $12,730

c) Carrying value = $186,010

Explanation:

As per the data given in the question,

a) Face value of bond = $190,000

Issued at =0.965

Cash received = $190,000 × 0.965

= $183,350

b) Discount on bonds payable = $190,000 - $183,350

=$6,650

Annual amortization of discount on bonds payable =$6,650÷5

= $1,330

Cash interest = $190,000×0.60

= $11,400

Interest expenses = $11,400+$1,330

= $12,730

c)

carrying value = $183,350 + ($1,330 × 2)

= $186,010

6 0
3 years ago
On January 1, 2010, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,085. During the first 11 months of the ye
ch4aika [34]

Answer:

(a) What was the total of accounts written off during the first 11 months?

bad debts written for the first 11 months = allowance for bad debt accounts January 1 balance + bad debt expense - allowance for bad debt accounts November 30 balance = $13,085 + $21,937 - $9,919 = $25,103

(b) As the result of a comprehensive analysis, it is determined that the December 31, 2010, balance of the Allowance for Bad Debts account should be $9,450. Show the adjustment required in the journal entry format.Allowance for bad debt Debit $Bad debt expenses Credit $

to determine the amount of bad debt expense that must be adjusted, we must subtract the estimated balance in December 31 from the balance in November 30 = $9,919 - $9,450 = $469. Since the November 30 amount is larger, it means that we over estimated our bad debt expense and it must be reduced:

Dr Allowance for doubtful accounts 469

    Cr Accounts receivable 469

6 0
3 years ago
Christie and Jergens formed a partnership with capital contributions of $390,000 and $490,000, respectively. Their partnership a
xxMikexx [17]

Answer:

Christie 's share =  $ 37759.09

Jergens Share = $ 47,441

Explanation:

Partner's Profit share are calculated after the deduction of salary or any other interest incomes.

Profit for the current year = $ 163,000

Christie' s Salary                    $ 69,000

Christie Interest Income          $ 3900

10 % 0f $ 390,000

Jergens  Interest Income         $ 4900

10 % 0f $ 490,000

Profit  Balance                                       $ 85,200

Profit Sharing Ratio

Christie : Jergens

390,000: 490,000

39: 49

Christie 's share = $ 85,200 * 39/88= $ 37759.09

Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441

6 0
3 years ago
Seventy farmers in Morgan County joined together to hire Rusty to spray their crops one time (with his cropduster plane). These
Triss [41]

Answer:

d. joint venture.

Explanation:

A cooperative, business trust or a franchise are generally stable businesses that are formed to operate in the long run.

On the other hand, a joint venture occurs when different entities get together to do business and that can be a one time event only. In this case, Rusty was hired for spraying the fields one time only (one time event).

3 0
3 years ago
Which of the following journals would a company use to record cash collections from customers, net of discounts taken?
erastova [34]

Answer:

b. Cash receipts journal.

Explanation:

When cash will be collected from customers net of discounts cash receipts journal will be used.

As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.

Also, as there are no purchases purchase journal will also not be affected, and sales journal will be affected at time of sale but not at he time of receiving payments from customers.

Thus, correct answer is

b. Cash receipts journal.

6 0
3 years ago
Other questions:
  • Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit mar
    8·1 answer
  • Janice is a 48-year-old married woman who uses technology as a major source of information and shopping. she has a dvd drive on
    12·1 answer
  • Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. Th
    7·1 answer
  • Should gambling casinos advance credit to gamblers
    10·1 answer
  • These bonds are collateralized securities with first claims in the event of bankruptcy. These bonds are not backed by any physic
    8·1 answer
  • Manufacturing overhead is applied to the product based on machine hours used in each department under the rate of $20 per machin
    11·1 answer
  • Improving quality seems to be a strategic weapon in gaining market share. However, improving quality entails allocation of resou
    6·1 answer
  • Abby left her native land in Eastern Europe in order to become a nanny for a family in a western suburb of Chicago, Illinois. On
    6·1 answer
  • I learned that before application of shampoo it is important to​
    10·1 answer
  • A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!