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3 years ago

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.

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Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs $ 5,870,000

Elenna [48]

Answer:

$2.80 per chair

$2.25 per table

Explanation:

If cost is assigned at a rate based on direct labor hours, the total disposal cost for chairs and tables is, respectively:

$D_c=\frac{254,000}{16,400+254,000}*\$630,000=\$591,789.94\\D_t=\frac{16,400}{16,400+254,000}*\$630,000=\$38,210.06\\$

The respective disposal cost per unit is:

$C = \frac{\$591,789.94}{211,000}=\$2.80/chair\\ T=\frac{\$38,210.06}{17,000}=\$2.25/ table$

5 0

3 years ago

Read 2 more answers

Your grandmother recently surprised you and gave you $15,000 expressly for the purpose of starting your retirement savings. Her

qaws [65]

Answer:

A. $115,291.30

B. $421,536.55

C. $1,471,502.67

Explanation:

The expression that describes the final amount of a $15,000 investment compounded annually for 35 years is:

$A = \$15,000*(1+i)^{35}$

A. 6% per year

i = 0.06

$A = \$15,000*(1+0.06)^{35}\\A = \$115,291.30$

B. 10% per year

i = 0.10

$A = \$15,000*(1+0.10)^{35}\\A = \$421,536.55$

C. 14% per year

i = 0.14

$A = \$15,000*(1+0.14)^{35}\\A = \$1,471,502.67$

3 0

3 years ago

A company allowed its employees to take a half hour lunch break. However, the break was uncompensated, and the employees were no

hoa [83]

Answer:

FLSA rules establish that only short coffee breaks (between 5 to 20 minutes) should be compensated as work time. Meal periods that last at least 30 minutes are not compensable work time.

If maintenance workers are recalled earlier, that time counts as work time because they are performing their normal work tasks.

8 0

3 years ago

In Australia Coca-Cola launched Mother, an energy drink. However, most people did not like the taste. Rather than introducing an

vitfil [10]

Answer: (D) Styling

Explanation:

The coca-cola is changing the styling of products as it increase the marketing and the business. By changing the styling of existing product we make the product more attractive by developing new ideas on the product.

We can create and develop the new product by changing the existing drawbacks and create into the new styling of the product and also re-position the existing product in the market.

By advertising the new products on the different types of platform like the social media we advertising the brand of the products.

Therefore, Option (D) is correct.

5 0

3 years ago

Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information

kondaur [170]

Answer:

The expected return on Bo's complete portfolio will be "10.32%".

Explanation:

The given question is incomplete. Please find attachment of the complete question.

According to the question, the given values are:

Port's expected return,