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enot [183]
3 years ago
13

. Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight of

f her total
6. Using the Loan Calculator(https://www.bankrate.com/calculators/mortgages/loan-calculator.aspx) and the 1.9% APR offer, how much will Molly’s monthly payment be?
Business
1 answer:
Anon25 [30]3 years ago
3 0

Answer: $286

Explanation:

First and foremost, we have to calculate the loan that is need by Molly which will be:

= $25495 - $2500 - $500

= $22495

At 1.9% APR, the monthly interest rate will be:

= 1.9%/12

= 0.0112

=0.001583

Since the number of payments is 84, then the monthly payment of Molly will be:

= 22495 × 0.001583 / (1-1/1.001583^84)

= $286

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At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for
Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

PED = -1.9% / 10% = -0.19, very inelastic

expected price increase $0.40

% change in price = ($3.45 - $3.05) / $3.05 = 13.11%

% change in quantity demanded:

-0.19 = D / 13.11%

D = 2.49%

quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons

8 0
3 years ago
What are the effect of enterprise/business on environment? write them
GrogVix [38]

Answer:

Varies

Explanation:

They can go against natural resources.

4 0
2 years ago
A Kubota tractor acquired on January 8 at a cost of $315,000 has an estimated useful life of 10 years. Assuming that it will hav
grandymaker [24]

Answer:

A. Year 2 $31,500

Year 2 $31,500

B. Year 1 = 63,000

Book Value of Tractor $252,000

Year 2 $ 50,400

Book Value of Tractor $201,600

Explanation:

a. Calculation to Determine the depreciation for each of the first two years by the straight-line method

Year 1 = $315,000 / 10

Year 1 = $31,500

Year 2 = $315,000 / 10

Year 2= $31,500

B) Calculation to determine the depreciation for each of the first two years by the double-declining-balance method

Based on the information given we are first going to calculate the percentage of depreciation using straight line method and then double it

Percentage = $ 315,000 *10%

Percentage=$31,500

Now let depreciation the book value each year by 20% Using the double-declining-balance method method

Year 1=20% of $ 315,000

Year 1= 63,000

Book Value=$315,000 - $63,000

Book Value= $ 252,000

Year 2= 20% of 252,000

Year 2 = $ 50,400

Book Value=$ 252,000 -$50,400

Book Value= $201,600

8 0
2 years ago
What are the determinants of supply? Instructions: In order to receive full credit, you must make a selection for each option. F
inysia [295]

Answer:

Number of producers

Prices of other goods

Technology

Resource prices

Explanation:

Supply is the total amount of goods and services available to consumers in a market

The higher the number of producers, the higher the number of goods produced and  the higher the supply all things being equal. The reverse would be the case if the number of producers fall.

If the price of other good increases, it would be more profitable to produce the other goods. As a result, the number of producers available to  good would reduce.

Technological progress that reduces cost of production and makes production more efficient, would lead to an increase in supply.

If the price of inputs increases, it becomes more expensive to produce the good and as a result, supply would fall.

7 0
3 years ago
Read 2 more answers
A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $30
Lady bird [3.3K]

Answer:

12,000

Explanation:

The aggregate amount of revenue of the stadium is $300,000 from which they have $180,000 from the stadium parking lot which has 12,000 cars inside it. So, it is $12,000 × $15 is equal to $180,000.

So, remaining will be

= $300,000 - $180,000

= $120,000

This amount needed for attaining the revenue.

So, from satellite, they revenue of $120,000. So, the number required to make it this amount is computed as:

= $120,000 / Rate of parking

= $120,000 / $10

= 12,000

5 0
3 years ago
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