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olga2289 [7]
3 years ago
11

King Cones leased ice cream-making equipment from Ace Leasing. Ace earns interest under such arrangements at a 6% annual rate. T

he lease term is eight months with monthly payments of $10,000 due at the end of each month. King Cones elected the short-term lease option.What is the effect of the lease on King Cones’ earnings during the eight-month term (ignore taxes)?
Business
1 answer:
DiKsa [7]3 years ago
4 0

Answer: $80,000

Explanation:

Given that,

Annual interest rate = 6%

Lease term = Eight month

Monthly payment at the end of each month = $10,000

King cones earning reduced by $10,000 per month.

Therefore,

Lease Expense = Monthly payments × Lease term

                         = $10,000 × 8

                         = $80,000

Above is the lease expense for the eight month term, ignoring taxes.

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Ally Bank is emphasizing the Empathy dimension of service quality

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Empathy -

It refers to the practice of providing proper attention and help to consumers , is referred to as empathy .

In companies these practice is done in order to help the consumers in the best possible manner , which will in turn help the company with good feedback and profit .

Hence , from the given scenario of the question ,

The correct answer is empathy .

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Why are import and export two terms that are often involved in conversations about international trade or channel management? Ev
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International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market

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3 years ago
When a firm has many potential competitors and tries to develop a marketing strategy to differentiate its products from the comp
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2 years ago
Your boss has asked you to email a client to let her know that the company will be late in delivering a report she’s requested.
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4 years ago
jim is haggling with a car dealer on the price of a used car. if the dealer is getting a bonus per sale made, in addition to the
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Since the car dealer receives commission on each transaction as well as a bonus for each one, he or she will make an effort to close as many deals as possible haggling.

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How much of an increase in the amount to be sold do we have? 50 - 30 = 20 20/30 = 66.67 appx 67% Consequently, a 67% drop in the car's price will result in a 67% rise in sales volume. The car will cost $20,000 * 67%, which equals $13,400. The new price is $20,000 - $13,400, which is $6,600.

Learn more about car dealer hear :

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