The following data pertain to Ronaldo Enterprises:

Lindsay needs to purchase a car. The car she is planning on purchasing costs $12,000 and she has $2,000 that she will be using a

adell [148]

a) To purchase the car, Lindsay will need to finance the dollar amount of <u>$10,000</u>.

b. In one year, the dollar amount of interest Lindsay will pay on loan is $300.

c. In two years, for Lindsay to finally OWN the car, the actual cost of the vehicle will be in dollars, that is (down payment + amount financed + 2 years interest = actual cost of the car) is <u>$12,600</u>.

<h3>What is a down payment?</h3>

A down payment is an initial payment made upfront for the purchase of an asset, which is being financed by another entity at a stated interest rate.

A down payment reduces the amount that is subject to the loan terms.

<h3>Data and Calculations:</h3>

Cost of a car = $12,000

Downpayment = $2,000

Car Loan = $10,000

APR = 3%

Interest for two years = $600 ($10,000 x 3% x 2)

Thus, since Lindsay is making a down payment of $2,000 for the car, she will finance $10,000 of the purchase costs.

Learn more about down payments at brainly.com/question/26173748

#SPJ1

4 0

1 year ago

You invest $650 in security A with a beta of 1.2 and $450 in security B with a beta of 0.7. The beta of this portfolio is ______

e-lub [12.9K]

Answer:

Beta of this portfolio = 0.9953

Explanation:

Given:

Investment in security A = $650 beta 1.2

Investment in security B = $450 beta 0.7

Find:

Beta of this portfolio

Computation:

Beta of this portfolio = [650 / (650+450)]1.2 + [450 / (650+450)]0.7

Beta of this portfolio = [650 / (1,100)]1.2 + [450 / (1,100)]0.7

Beta of this portfolio = 0.7090 + 0.2863

Beta of this portfolio = 0.9953

6 0

4 years ago

Name of unemployment that occurs when a person wants to take time to find job

deff fn [24]

<span>I'm pretty sure that it is: frictional unemployment which is when a period of time is taken off between jobs when someone is looking for or would like to transition from one job to another.</span>

6 0

3 years ago

Read 2 more answers

In order to remain competitive in the contemporary business environment, several firms have started training their employees to

igomit [66]

Answer:

A.There has been a renewed emphasis on integrative thinking and solving problems cross-functionally.

Explanation:

In order to live competing in the present marketing situation, various firms have commenced preparing their employees to hinder viewing obstacles as strictly operative, an accounting problem, or a marketing obstacle, concerning example, there has been a restored emphasis on integrative reasoning as well as working problem cross-functionally this trend explains concerning strategic management. Basically, as we know that strategic management is the ongoing planning, analysis, monitoring as well as evaluation of all that is essential for an association to meet its aims as well as objectives.

4 0

4 years ago

Terrence contributed $15,000 to a foreign charitable organization. At the time of the contribution, the organization told him th

Alexxx [7]

Answer:

B, $7,500

Explanation:

Deductible tax or tax deduction is the reduction or deduction that reduces an individuals tax liabilties by lowering his/her taxable income.

Deductible tax from charity contributions is up to 50% of the contributed amount for income tax purposes.

In the case of Terrence's contribution in the question, there is a clause that says to ignore income limitations.

We therfore take 50% of $15,000 which gives us $7,500 as the amount that is deductible from the contribution.

i.e; (50÷100) × $15.000

Cheers.

7 0

4 years ago