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
olchik [2.2K]
3 years ago
13

A new sports car sells for $40,000. The value of the car decreases by 12% annually. After how many years will it be worth half o

f its selling price
Business
1 answer:
Marysya12 [62]3 years ago
8 0

Answer:

n= 6.11 years

Explanation:

Giving the following information:

Present value= $40,000

Future value= $20,000

Decrease rate= 0.12

<u>To calculate the number of years for the car to reach a value of $20,000; we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

n= ln(20,000/40,000) / ln(1.12)

n= 6.11 years

You might be interested in
In a process costing system, the application of factory overhead usually would be recorded as an increase in: (CPA adapted) A. F
otez555 [7]

Answer: Factory overhead control

Explanation: Factory overhead is the account where the amount of cost incurred while manufacturing a product is recorded and no direct labour or material is recorded. When the manufactured goods are finished and produced they are recorded as expenses when the goods are sold as manufactured finished products.

All the expenses related to the factory are included in this account such as rent, utility, electricity, supplies, tools. Factory overhead is known as manufacturing burden or expenses.  

7 0
3 years ago
What is the best advice for negotiating a business deal in a cross-cultural setting? avoid a win/win outcome. conduct transactio
DerKrebs [107]

In this case, you would want to avoid a win-lose situation.

1. You would want a win-win (where both parties feel as though they are gaining something from the transaction).

2. You can never go into an international negotiation with the same mentality as you would for in the US. Every culture is different and you should be aware of those differences.

3. You should not move too quickly between subjects. You should always ensure all parties understand and agree, which may take time.

7 0
3 years ago
A teenage driver crashes her​ parents' minivan into an office​ building, causing​ $85,000 in damage to the building. The automob
bulgar [2K]

Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

Explanation:

the insurance limit 100/250/75 coverage, which translates into $100,000 coverage per person for bodily injury, including death, that you cause to others; $250,000 in  bodily injury per accident; and property damage up to $75,000.

7 0
3 years ago
If the paint on your house was eaten away by the fumes from a factory nearby and you hired a lawyer to sue the polluting firm, y
AlexFokin [52]

Answer:

It would be external costs

Explanation:

7 0
3 years ago
If the price of a good increases, all else the same, then the consumer's total utility will increase. decrease. remain the same
AnnyKZ [126]

When the price of a good increases, all else the same, then the consumer's total utility will decrease.

<h3>What is utility?</h3>

Utility simply means the satisfaction that's gotten when one consumes a particular product.

In this case, it should be noted that when the price of a good increases, all else the same, then the consumer's total utility will decrease. This is because less products will be bought.

Learn more about utility on:

brainly.com/question/24922430

6 0
2 years ago
Other questions:
  • In the expression of formulas, the products are obtained from the __________;and essence "change partners" – that is plus to ___
    6·1 answer
  • 1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home chil
    10·2 answers
  • Which of the following statements is correct?
    9·1 answer
  • You are part of an Information Systems project team. Your job is to ensure that the technology and vendor suggested for use in t
    11·1 answer
  • Earleton Manufacturing Company has $2 billion in sales and $600,000,000 in fixed assets. Currently, the company's fixed assets a
    10·1 answer
  • Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also availa
    9·2 answers
  • Park &amp; Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The
    10·1 answer
  • What do you call an economy in which the government- ideally- has nothing to say about what, how, and for whom goods are produce
    5·1 answer
  • HEY IS THIS THING ON
    15·2 answers
  • Many people who do not smoke cigars are bothered by the odor of cigar smoke. If private contracting is impossible, will too many
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!