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Lubov Fominskaja [6]
3 years ago
10

Lindsay needs to purchase a car. The car she is planning on purchasing costs $8,000 and she has $2,000 that she will be using as

a down payment. She is offered credit terms of 3% APR for a term of 3 years. Please calculate the following:
To purchase the car, what is the amount that Lindsay will need finance? (1 point)
In one year, how much interest will Lindsay pay on this loan? (1 point)
After three years, in order for Lindsay to OWN the car, what will the actual cost of the car be in dollars? (3 points)
(down payment+amount financed+interest=actual cost of car)
Business
1 answer:
Mariana [72]3 years ago
7 0

Answer:

Lindsay will have to take a loan of 6000$, with annual interest after first year of 180$ and actual cost of the car equal to 8180$

Explanation:

Since Lindsay already has 2000$ as a down payment, which is initial up-front payment for purchases of expensive goods, like car or a house, she would need only 6000$ more in form of the loan. Since the annual interest rate is 3%, after one year her annual interest in absolute value would be 6000*0.03= 180$. Therefore, total cost for purchasing of a car is 2000+6000+180=8180$

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Richard Beck has a life insurance policy which he has modified to include an accidental death benefit payable to his son and dau
Ksju [112]

Answer:

The correct answer is number (1): double indemnity provision.

Explanation:

A double indemnity provision is added in life insurance to double the amount the beneficiaries of the policyholder receive in front of his or her death in an accident. Double indemnity provision does not cover events in which the policyholder dies because of natural reasons or when those individuals had hazardous jobs. Premiums are higher with a double indemnity provision.

7 0
3 years ago
________ is defined as a business strategy where business buyers prefer to buy a complete solution to a problem from a single se
Lyrx [107]

Answer: Systems selling

Explanation:

 The system selling is one of the type of business strategy that helps in understanding the selling process by sell he various types of products an the services in the market in the interrelated manner rather than independently.

According to the given question, the system selling is the concept in which the business deliver the goods by using the interlocking and also consolidating the products from the supplier.

 Therefore, System selling is the correct answer.

6 0
3 years ago
Parker Corp. owns 80% of Smith Inc.'s common stock. During Year 1, Parker sold Smith $250,000 of inventory on the same terms as
IrinaVladis [17]

Answer:

c. $500,000

Explanation:

Given that :

Parker Corp. owns 80% of Smith Inc.'s common stock

During Year 1, Parker sold Smith $250,000 of inventory

Therefore; adjusted for inter Corp. sales = $250,000

The following information pertains to Smith and Parker's sales for Year 1:

                         Parker                     Smith

Sales                 $ 1,000,000            $ 700,000

Cost of Sales    $400,000                $ 350,000

Total                   $ 600,000              $ 350,000

For the Unadjusted Cost of Sales of Parker and Smith = $400,000+$ 350,000

= $750,000

The amount that Parker should report as cost of sales in its Year 1 consolidated income statement = Unadjusted Cost of Sales - adjusted for inter Corp. sales

= $750,000 -  $250,000

= $500,000

7 0
3 years ago
Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?
mart [117]

Answer:

C) I only.

Explanation:

According to the Uniform Securities Act, A civil case underneath the provisions of the United States must be filed in 3 years of the alleged infringement, or 2 years from the detection of the breach, whatever comes first.

Also, The passing of the consultant or the client doesn't really eliminate a civil liability prima facie case. Waivers to statements agreed to sign by the customer waiving adherence by the consultant with the provisions of this act on which the suit is focused aren't ever legitimate on the examination.

Therefore the option i is correct

8 0
3 years ago
Alex’s business is experiencing diminishing market shares and no longer needs any external finance. In fact, it is trying to buy
sdas [7]

Answer:

decline stage

Explanation:

In this stage the company has already took the benefits of issuing stocks as a way of funding. Had managed to make great investments, alliances, projects, that lead to a powerful market position. Then, having their stocks shared with lots of stakeholders is more a burden than a blessing. For this reason, they prefer to consolidate the control of the company as they don’t see valuable opportunities in the future market scenarios.

4 0
3 years ago
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