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3 years ago

It costs less to purchase a used car than a new car because

Business

2 answers:

Oksanka [162]3 years ago

6 0

The answer is: 3.used cars are more likely to need repairs.

Because of the needed repairs, the sellers would most likely have to drive the price down to make up for the cost that the buyers will spend to repair the cars. Other factor that make used car cheaper is that most often it still has not keep up with the current technological development that invented for vehicles. Because of this, the value sink even further.

GREYUIT [131]3 years ago

6 0

used cars are most likely to need repairs

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Mr. Warner buys 10 cartons of cigarettes a day for $50 each and sells them at a higher price. If Mr. Warner earns $450 in profit

Ainat [17]

Answer:

Total revenue = $950

Explanation:

Total revenue is the total income made from the sales of goods or services. It can be determined in any of the following ways:

Total revenue = Unit price × Units product sold
Total revenue = Total cost of cost of sold + Profit

Note that total cost = (unit cost × units purchased) + any other expenses.

So we can apply the above to our question. Specifically, the second relationship is okay.

Total revenue = (10 × $50) + $450= $950

3 0

3 years ago

Antoine transfers property with a tax basis of $524 and a fair market value of $647 to a corporation in exchange for stock with

podryga [215]

Answer: $446

Explanation:

Antoine will receive the same basis in the stock that was in the property.

The Corporation however, assumed $78 of the liability of the property transferred which would reduce Antoine's basis in that property

Antoine's basis = Property base - Liability assumed by corporation

= 524 - 78

= $446

3 0

3 years ago

You have just purchased a newly issued municipal bond for $1,000. The bond pays $50 to its holder at the end of the the first, s

SCORPION-xisa [38]

Answer

The answer and procedures of the exercise are attached in the 2 images below.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a 2 sheets with the formulas indications.

7 0

3 years ago

WILL BE MARKED BRAILIEST!!

statuscvo [17]

Answer:

They company goes out of business?

Explanation:

8 0

3 years ago

The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $15.90 for each of the 25 million shares s

Studentka2010 [4]

Answer:

22.38%

Explanation:

Raven corporation has just gone public

They received $15.90 for each 25 million shares that was sold

The first step is to calculate the net amount raised

Net amount that was raised= 15.90×25,000,000 = 397,500,000

397,500,000-860,000-330,000

= 396,310,000

Underwriter spread= 17.50-15.90

= 1.6 per shares

Total underwriter spread= per share spread× number of shares that were offered

= 1.6×25,000,000

= 40,000,000

Total direct costs= 40,000,000+860,000

=40,860,000

Indirect flotation cost= indirect cost+price appreciation

= 330,000+(19.40-17.50)×25,000,000

= 330,000+1.9×25,000,000

=330,000+47,500,000

= 47,830,000

Total flotation cost= 47,830,000+40,860,000

= 88,690,000

Therefore, the flotation cost as a percentage of funds raised can be calculated as follows

= 88,690,000/396,310,000 × 100

= 0.2238×100

= 22.38%

Hence the flotation costs as a percentage of funds raised is 22.38%

3 0

3 years ago