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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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Stolb23 [73]

Answer: e. The pervasiveness of immoral and amoral businesspeople.

Explanation:

Managers are sometimes pressured into engaging in unethical behaviors due to intense competitive pressures that can determine whether they keep their jobs especially in a company culture that puts the profitability and good business performance as the paramount yardstick of success.

Heavy pressures placed on company managers to meet or beat earnings targets can also lead to unethical behavior and on a more person level, so can an overzealous pursuit of personal gain, wealth, and other self-interests.

The pervasiveness of immoral and amoral business-people is not a major driver of unethical managerial behavior.

7 0
3 years ago
Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1,200 boxes of apples in
OLga [1]

Answer:

A

Explanation:

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.

Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.

Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.

An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.

Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.

8 0
3 years ago
Which budgetary category changed the most between your old budget and your new budget? Why?
Sunny_sXe [5.5K]

Answer:

The net savings changed the most, and this is because of the extra money coming in via total income. An extra $290.00 was added to the category.

Explanation:

7 0
2 years ago
A ____ is a graph of decisions and their possible consequences.
Free_Kalibri [48]

decision tree

Explanation :

A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.

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3 years ago
Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in,
elena55 [62]

Answer:

Revenue/Income; Expenses

Explanation:

Profit or Loss is determined as the difference between the revenue made by a business (also known as its income), and the expenses spent in the process of generating that revenue.

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If the difference is positive, the outcome is a profit. If the difference is negative, the outcome is a loss.

5 0
3 years ago
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