Senior management uses finance and accounting information systems to

1 answer:

6 0

<span>Senior management uses finance and accounting information systems to plan long-term profit.
Every manager wants to make a profit, and if it is long-term, even better. These kinds of systems can actually make that happen, which is why senior managers use it often.
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey

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Answer:

$16,019.6

Explanation:

The amount of money Tracey puts down for the car = $0

The amount Tracey pays each month for the lease the car = $209.15

The number of years Tracey leases the car = 2 years

The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000

The selling price of the car today = $13,500

The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6

The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L

∴ C = $11,000 + $5,019.6 = $16,019.6

The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.

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