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trasher [3.6K]
2 years ago
13

A car dealer is willing to lease you a car for $319 a month for 60 months. Payments are due on the first day of each month start

ing with the day you sign the lease contract. If your cost of money is 4.9 percent, compounded monthly, what is the current value of the lease

Business
1 answer:
telo118 [61]2 years ago
6 0

Answer:

$17,014.35

Explanation:

For this question we use the PV function that is presented on the attachment

Data provided in the question  

Future value = $0

Rate of interest = 4.9%  ÷ 12 months = 0.40833%

NPER = 60 months

PMT = $319

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the current value of the lease is $17,014.35

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After Sue purchased the business, one of her goals was better work-life balance, and she promoted employees to management positi
makvit [3.9K]

Answer:

<u>D) Compared the hours she spent with her dog to her goal of 2 hours a day of "dogtime"</u>

Explanation:

Remember, Sue wants to in the end determine whether performance met standards for the strategic objective of better work life.

Work life here includes the hours one spents in his or her job, therefore she should compare the hours she spent with her dog to her goal of 2 hours a day of "dogtime".

8 0
2 years ago
Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not
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Answer: democratic leadership

Carmen stated a possible solution that was increasing tuition fee and then Carmen said that it should be considered. This means that she did not impose it that that is the only solution and that has to be done in any way, if she did then it would’ve been autocratic leadership.

Carmen left some room for discussion and this means it is a democratic approach in leadership.  


8 0
2 years ago
If revenues exceed expenses for the accounting period, the retained earnings account: a. Will have a lower balance after closing
Sati [7]

Answer:

The correct answer is letter "D": All of these answer choices are incorrect.

Explanation:

Retained earnings are the part of the company's net profits which does not pay out as dividends to shareholders. The company keeps this money in the business to reinvest it or uses it to pay off a part of its debt.

When revenues of a company exceed the expenses of a period, the firm has net income. Net income is reported as a credit entry. Thus, the retained earnings will have a credit balance prior to closing.

7 0
2 years ago
16. John Smith has been a bachelor for most of his life and has been very happy that way. He has spent the last seven years livi
matrenka [14]
#16 is B because I know I’ve had that problem before
6 0
2 years ago
On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $650, and the cost of unit B was $625.
attashe74 [19]

Answer:

Debit : Cost of Goods Sold : $75

Credit : Inventory : $75

Explanation:

The lower-of-cost-or-market method is based on the conservative accounting theory. This is where company accounts are prepared with caution and verification. All losses are recorded as they are discovered whereas gains are recorded only after realised. In this case, there is a gain in Inventory A, hence it won’t be recorded as of yet. However, the value of Inventory B has reduced and this requires to be recorded.

The cost of Inventory B should be reduced to the lower net realizable value, hence it would be reduced by the difference : $625 - $550 = $75

Debit : Cost of Goods Sold : $75

Credit : Inventory : $75

3 0
2 years ago
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