1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gemiola [76]
3 years ago
6

A student has a job that leaves her with $300 per month in disposable income. She decides that she will use the money to buy a c

ar. Before looking for a car, she arranges a 100% loan whose terms are $300 per month for 48 months at 9% nominal annual interest. What is the maximum car purchase price that she can afford with her loan
Business
1 answer:
egoroff_w [7]3 years ago
5 0

Answer:

$12,055.44

Explanation:

The computation of the maximum car purchase price that can afford the loan is as follows:

But before that following calculations must be done:

The Monthly interest rate is

= 9% ÷ 12

= 0.75%

The Maximum price ($) is

= $300 × PVIFA(0.75%, 48)

= $300 × 40.1848

= $12,055.44

You might be interested in
Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had comm
KATRIN_1 [288]

Answer:

b) $665,000.

Explanation:

Primer income: $625,000

SealCoat income: $50,000

Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.

Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)

3 0
3 years ago
What isa premises account ​
ss7ja [257]

Answer:

A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.

Hope it helps. pa brainliest pa follow nadin tysm gomo

6 0
3 years ago
Store A sells four times as many products as store B and one third as many as store C. If store C sells 105,960 products, how ma
nikitadnepr [17]

Answer: a. 8,830 products

Explanation:

Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:

= 105,960 / 3

= 35,320 products

Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:

= 35,320 / 4

= 8,830 products

8 0
3 years ago
What is a production possibility curve
d1i1m1o1n [39]
Hey I think A production–possibility frontier or production possibility curve is a curve which shows various combinations of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilised per unit time
8 0
3 years ago
A growth strategy that emphasizes both new products and new markets Unselected A growth strategy that introduces existing produc
vodka [1.7K]

Answer:

  1. A growth strategy that emphasizes both new products and new markets DIVERSIFICATION STRATEGIES
  2. A growth strategy that introduces existing products to new markets MARKET DEVELOPMENT STRATEGIES
  3. A growth strategy that focuses on selling new products in existing markets PRODUCT DEVELOPMENT STRATEGIES
  4. A growth strategy designed to increase sales of existing products to current customers, nonusers, and users of competitive brands in served markets MARKET PENETRATION STRATEGY

Strategic planning is the process by which a company's resources  and capabilities are matched to its market opportunities on a long term basis.

8 0
3 years ago
Other questions:
  • What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate​ for
    12·1 answer
  • If the cpi was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as
    14·1 answer
  • What is meant by “moe”? for the effectiveness analysis of a sport utility vehicle (suv), list what you think would be the 10 mos
    15·1 answer
  • Highland Industries makes custom yachts using a job cost accounting system. In anticipation of a busy year for 2019, Highland’s
    13·1 answer
  • Suppose that households became mistrustful of the banking system and decide to decrease their checking account balances and incr
    15·1 answer
  • 8. Which NIMS Management Characteristic allows units from diverse agencies to connect, share information, and achieve situationa
    10·1 answer
  • Thornton Industries began construction of a warehouse on July 1, 2016. The project was completed on March 31, 2017. No new loans
    7·1 answer
  • A branding strategy in which a firm markets some products under its own name and other products under the name of a reseller bec
    9·1 answer
  • A particle is moving along a projectile path at an initial height of 160 feet with an initial speed of 144 feet per second. this
    8·1 answer
  • Which of these may be integrated with an electronic stability control (ESC) system
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!