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
sweet-ann [11.9K]
3 years ago
7

Why would you want to offer a down payment on an item such as a car or a house?​

Business
2 answers:
Aliun [14]3 years ago
8 0

Answer:

A down payment helps the buyer to obtain ownership of the property or vehicle and also helps them to reduce the monthly payment towards the mortgage principal and interest. The buyer can get a lower interest rate by paying a higher down payment.

CaHeK987 [17]3 years ago
3 0
When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.
You might be interested in
Tamarisk, Inc. purchased a delivery truck for $29,200 on January 1, 2020. The truck has an expected salvage value of $2,200, and
solmaris [256]

Answer:

1. $3375

$3375

2. $4347

$3456

3 $7300

$5475

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $29,200  - $2,200,) / 8 =  $3375

depreciation expense each year is  $3375

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  = 2/8 = 0.25

2020 = 0.25 x 29200 = 7300

2021 = 0.25x( 29200 - 7300)

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

8 0
2 years ago
how do i go about getting a job i have applied to multiple places so many times and i never get a call back
Aneli [31]

keep trying and call every once or twice a time in the week

3 0
3 years ago
Correct way to put on body harness?
AfilCa [17]
There are video tutorials online. It might be a lot easier to understand it if you see it, rather than read it. Hope this helps! :)

7 0
2 years ago
Read 2 more answers
Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab
Lana71 [14]

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

4 0
3 years ago
A law enforcement agent is in charge of getting a writing sample from an uncooperative suspect. the agent puts the suspect in a
zmey [24]
According to my opinion, what the agent did wrong is that he asked him to write the answers of the questions two more times because when we write again and again the same thing our handwriting changes.And what the agent did right is that he influenced him to compose all that he says as he directs the data to the suspect because in this way they can see whether the handwriting matches it or not.
5 0
3 years ago
Other questions:
  • What is the key assumption for the single-server queue model?
    11·1 answer
  • During May, 2018, Sugar Inc. performs consulting services. The client does not pay Sugar until June, 2018. Multiple Choice Using
    9·1 answer
  • Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.55 percent and semiannual payments. The bond mature
    6·1 answer
  • A book that weighs 0.35 kilograms is kept on a shelf that’s 2.0 meters above the ground. A picture frame that weighs 0.5 kilogra
    9·2 answers
  • Ed died while employed by Violet Company. His wife collected $40,000 on a group term life insurance policy that Violet provided
    12·1 answer
  • An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last​ year, she purchased $7,000 worth
    7·1 answer
  • What is true about credit unions?
    11·1 answer
  • Sunland Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead c
    6·1 answer
  • All leaders tend to share several common characteristics.<br> O True<br> O False
    5·2 answers
  • Help me please please
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!