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madam [21]
3 years ago
12

According to AAA the average monthly maintenance cost on a used car is $75 per month. You are looking to pay cash for the exact

same Jeep at two different dealers. Dealer "A' wants $4,995.00. Dealer "B" wants $5,595.00 with free maintenance coverage for one year. Which is the best deal?
Business
1 answer:
Colt1911 [192]3 years ago
5 0

Answer:

Dealer "B"  at $5,595.00

Explanation:

Comparison of cost charges for dealer A and dealer B will have to include the one-year maintenance offered by dealer B.

The cost for dealer A will be

maintenance for one year= $75 x 12=  $900

cost of the car=  $4,995.00.

total cost for dealer A

= $4,995.00 + $900

=$5,895

The cost from dealer B is $5,595.

Dealer B has the better deal as they are cheaper by $300

( $5,895- $5,595)

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Ted purchased an annuity today that will pay $1,000 a month for five years. He received his first monthly payment today. Allison
victus00 [196]

Answer:

The correct option is E,Ted's annuity has a higher present value than Allison's

Explanation:

Both annuities do not have equal amount today as $1000 received today is higher in value terms than $1000 receivable in a month's time since cash receivable earlier is much more valued than the one receivable later.

Ted's annuity is an  annuity due not an ordinary annuity

Allison's annuity is an ordinary annuity not annuity due

Allison's annuity has a lower present value than Ted's and not the other way round.

The only correct statement is option E,since Ted is expected to receive $1000 today, his annuity has a higher present value compared to Allison's

7 0
3 years ago
Leondra looks over her Algebra homework and says to herself ""I’m probably not going to be able to do this - I’m just not a math
sveticcg [70]

Answer:

Fixed mindset

Explanation:

Mindset could be explained as an individual's psychological state which often transcends into how we perceive challenges, what we can do and what we can't. Usually the ability to solve a puzzle, face and conquer a challenge starts and ends with an individual's mindset as it is where either the strength to execute or depression to walkway is derived.

The growth mindset gives individuals who exhibit the trait the strength and morale to face challenges, instead of backing out without trying, they try to find ways of constantly improving at what seems difficult.

On the other hand, the fixed mindset which is what is exhibited by Leandro could be deemed as a rigid type of notion whereby an individual believes all he knows and all he can do are already fixed, hence anything aside those cannot be successfully executed this kind of individuals fail to try new challenges.

7 0
3 years ago
Will supply curve have the same exact shape in all market? if not, how will the differ?
Licemer1 [7]

Answer:

At the markets eqilibirium , the quantity demand and the quantity supplied will be equal.If there is a shortage, the quantity demand will be larger than the quantity supplied. If there  is a surplus , the quantity demand will be smaller than the quantity supplied.

Explanation:

4 0
3 years ago
On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rat
Pavlova-9 [17]

Answer:

See explanation

Explanation:

Selling Price of Bonds =396,210

                                  Journal Entry

Date        Account Title and Explanation        Debit       Credit

1 Jan      Cash                                                $396,210  

                        Bond payable                                           $380,000

                        Premium on bond payable                       $ 16,210  

               (To record issuance of bond)

Working

Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds

= $396,210 - $380,000 = $ 16,210  

Interest payment:

Semi-annual interest = 7%× 380,000× 1/2 =13,300

Date        Account Title and Explanation        Debit       Credit

June 30    Bond interest expense                  $13,300                              

                        Cash                                                           $13,300

               (To record semi annual interest paid on bond)

4 0
3 years ago
The average annual cost of tuition at Dr.B U is normally distributed with a mean of $18,695 and a standard deviation of $2,163.
nadezda [96]

Answer:

98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents

Explanation:

We have to normilize the tuiton standard deviation adn then, look into the table for the accumulated probabiliti at their Z value:

P_z = \frac{X - \mu}{\sigma} \\\\P_z = \frac{23,185-19,695}{2,163}

Pz = 1,613499768839575

We look into the able and the probability is 0.981044728 that is 98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents

5 0
3 years ago
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