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Anastasy [175]
3 years ago
7

Mini-Case: Read the mini case and answer the questions that follow. Suppose the local Honda dealership is offering a special lea

se deal on the 2017 Honda Accord LX Coupe. With a 36-month lease, the monthly price is $219, not including tax. The lease also requires a down payment of approximately $2,380, plus the first month's payment and sales tax on the down payment. Nigel decides he wants to lease the Accord, and he enters into a contract with the Honda dealership. He makes his lease payment every month for 36 months and subsequently drives the vehicle for 36 months. (Assume that the terms of his contract mean the contract cannot possibly be performed within a year.) Based on the terms of this contract, how long would the performance of the contract take
Business
1 answer:
ASHA 777 [7]3 years ago
8 0

Answer:

It would take 36 months

Explanation:

Based on the information given we were told that the dealership offers to lease the Honda Accord for 36 months which means that if Nigel have make a choice to lease the Accord by entering into a contract with the dealership after which the lease amount is paid by Nigel each month for 36 months in a situation were the contract terms cannot be possibly carried out within a year, Based on the terms of this contract between Nigel and the Honda dealership the performance of the contract would take 36 months because the Honda Accord lease deal is 36 months and secondly the lease payment is made every month for 36 months.

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Please help me asap. Will give brainliest answer too.
S_A_V [24]
An example is clothes. A younger teenager might want to show more skin and want all the cool new styles but older people generally just want to wear comfortable durable clothes. I hope that helps
8 0
3 years ago
You are an accountant working for Hotel Co. Your supervisor has asked you to research what amount of revenue Hotel Co. should re
Sonja [21]

Answer:

Hotel Co. should record the gross transaction fee and not only the net amount it receives from Expedia.

Explanation:

The revenue that Hotel Co. should account for in its books includes the gross transaction fee, while the collection expense that is withheld by Expedia is recorded as an expense or cost.  This method ensures that the revenue due to the Hotel Co. is actually accounted for while the collection expense by Expedia is also separately accounted for.  This will enable comparison with another hotel that does not use Expedia for its collection, for example.

5 0
3 years ago
In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitec
Andre45 [30]

Answer:

Price to be paid now = $52.89

Explanation:

<em>The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return. </em>

T<em>he stock would be held for just a period, hence we would use the single period return model. This is given as follows:</em>

Price now  = D/(1+r) + P×(1+r)

Dividend , r - rate of return, P -year-end price of stock

Dividend = 4.35, r-16%, P- 57

Price = 4.35/(1.16)  + 57/(1.16)= $52.89

Price to be paid now = $52.89

7 0
3 years ago
The services market sells diverse services such as legal advice, auto repair, and dry cleaning. Along with finance, insurance, r
omeli [17]

Answer:

Service Firms is the correct answer.

Explanation:

8 0
3 years ago
Evidence that the olmec engaged in extensive long-distance trade can be seen by the presence of
ZanzabumX [31]

The answer is obsidian and jade. The obsidian are being obtained by the Olmec in means of having to be able to contribute it for the growth of the polities of the Maya and a way of having to gain superior items. The jade are being used by the people in means of having to carve figures with the use of axes.

3 0
3 years ago
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