Answer:
Option C,$2,997 is the correct answer.
Explanation:
The amount to be paid in quarterly installments over a 5 year period is the list price less the down payment and the trade-in value of $10,000 as shown below.
list price $65,000
down-payment ($6,000)
trade-in-value ($10,000)
balance $49,000
The quarterly installment can be computed using the pmt formula in excel as follows:
=pmt(rate,nper,-pv,fv)
rate is the quarterly interest rate of 8%/4=2%
nper is the number of quarterly installments which is 4*5=20
pv is the present value of the amount to be paid in installments which is $49000
fv is the future value ,it is not unknown,hence it is zero
=pmt(2%,20,-49,000,0)
=$2,996.68
approx.$$2,997
A. Sounding your horn to have fun is just absurd, and could cause an issue. Either leading to other drivers to have a scare and wonder what was the problem, or they would get angry because they'd think you're trying to be rude. So, answer A. is incorrect.
B. Sound your horn to demand the right-of-way is extremely wrong, and incorrect. So, answer B. is incorrect.
C. You must sound your horn when necessary in order to avoid any collisions. You must do this to help warn and prevent another driver from getting into an accident with you. Therefore, C is correct.
D. Sound your horn to give other driver a piece of your mind. This is also known as road rage, it's not worth doing since you could get distracted while driving, and could lead to serious (sometimes fatal) issues. So, answer D. is incorrect.
So, as I said above, the correct answer is: C. W<span>hen necessary to avoid collisions
Good luck with your studies, and I truly hope this helps!~</span>
Answer:
Scholarship Trust fund is an example of private trust funds
Explanation:
Private purpose trust funds are fiduciary funds established to account for gifts the school district receives to be used for a particular purpose or to account for moneys and property received and administered by the school district as trustee.
Answer:
Long-term capital gain = $73,000
Explanation:
The long-term capital gain (LTCG) can be calculated using the following formula:
Long-term capital gain = Selling price - Cost of acquisition - Cost of improvement .............. (1)
Where;
Selling price = $212,000
Cost of acquisition = $113,000
Cost of improvement = $26,000
Substituting the values into equation (1), we have:
Long-term capital gain = $212,000 - $113,000 - $26,000 = $73,000
Note:
Since no information on cost inflation index is given in the question, that implies that there is no need to use indexed cost of acquisition and indexed cost of improvement in our calculation. Therefore, the Cost of acquisition and Cost of improvement has to be used as given in the question.
