Ask question

Ask question

All categories

3 years ago

6

Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someon

e is willing to pay for it, what was the percentage change in the value of the a car

1 answer:

vodka [1.7K]3 years ago

5 0

Answer:

-20.27%

Explanation:

Value = ($14,750 / $18,500) - 1 = -20.27%

You might be interested in

Jane transferred a piece of real estate to her son Christopher 6 months ago. Jane purchased the real estate for $90,000 six year

goldenfox [79]

Answer:

c. Christopher will have a dual basis for income tax purposes.

Explanation:

Due to the fact that the basis of Jane in the specific property was higher than the FMV of the property on the specific date that she gave out the property, therefore, the double basis principle will apply to Christopher. In addition, Christoper will not collect any additional basis for the tax paid on the gift. The correct answer is option c.

7 0

3 years ago

Equilibrium is defined as:

Mamont248 [21]

<span>The answer is d. quantity demanded equals quantity supplied</span>

5 0

4 years ago

Read 2 more answers

Who is a shareholder? A Shareholder is the partial owner of the company who purchases and owns _____ in a company.

e-lub [12.9K]

A Shareholder is the partial owner of the company who purchases and owns share of stocks in a company.

7 0

3 years ago

Read 2 more answers

(1) By early 2008 the U.S. economy was in a significant downturn. The unemployment rate began to

alexandr1967 [171]

Answer:

The economic principle governing the congressional package is known as economic stimuli.

Explanation:

The phenomenon of Economic stimuli is described as a change in economic or fiscal policy to enable economic growth in an economic slump. Some of the other activities may include dropping interest rate or quantitative easing.

7 0

3 years ago

A woman bought a home. The asking price for the home was $585,000; the woman offered $565,000 and the seller accepted. The appra

omeli [17]

Answer:

The multiple choices are as follows:

A: 82%

B: 83%

C: 84%

D: 85%

The correct option is C,84%

Explanation:

Loan-to-Value ratio(LTV)=loan amount/appraised value of the property

the price paid for the property was $565,000,out of which the buyer paid $94,600 from her pockets and borrowed the remainder,the remainder that was borrowed is computed thus:

amount borrowed=sales value-cash

=$565,000-$94,600=$470,400

The appraised value of the property is $560,000

LTV=$470,400/$560,000=0.84

The property loan to value ratio is 84%

7 0

3 years ago