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2 years ago

Complete the description of how George financed his car purchase.

1 answer:

4 0

The correct answers are:- B. credit union- B. high-risk
Thus the sentence goes: George bought a new car at a car dealership that offered on-the-spot financing through a CREDIT UNION. George's credit score is poor, but he was still offered a HIGH-RISK loan.
These things are often associated with car dealerships to gain profit quick from customers who are quite impulsive.

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Seth owns a local business that provides email updates on surf conditions. He is the only supplier of these email updates in San

klasskru [66]

Answer:

Seth's total profits is $1,535.359

Explanation:

According to the given data we have the following:

MC = 0 and we will ignore fixed costs

Therefore TC = 0

Demand function in Santa barbara is

p = 74 - q

MR = 74 - 2q

Since Seth sets different uniform prices in two markets to maximizes his profit therefore ,

MR = MC

74 - 2q = 0

2q = 74

q=37

p = 74 - 37 = 37

Profit = pq - TC

= 37*37 - 0

= $1,369

Inverse demand finction Goleta is

p = 39 - 4q

MR = 39 - 8q

MR = MC

39 - 8q = 0

8q = 39

q = 4.875

p = 39 - 4.875 = 34.125

Profit = pq - TC

= 34.125*4.875 - 0

= $166.359

Therefore, Seth's total profits = $1,369 + $166.359

Seth's total profits= $1,535.359

Seth's total profits is $1,535.359

6 0

2 years ago

Richard Anderson, an entrepreneur residing in Arizona, noticed that many of his friends and neighbors complained of the intense

elena-s [515]

Answer:

Inelastic

Explanation:

When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:

PED = % of change in quantity / % of change in price

For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.

5 0

2 years ago

Standlar Company makes and sells wireless speakers. The price of the standard model is $360 and its variable expenses are $210.

Vladimir79 [104]

Total contribution margin = $3,000, standard models sold at break even=800, deluxe models sold at break even=400, superior models sold at break even=100

Explanation:

1.Using sales mix stated in the fact from Figure to form a package what is the total contribution margin?

total contribution margin =($150 multiply 8) plus ($200 multiply 4) plus ($1,000 multiply 1) = $3,000

2.Refer to Figure, What is the number of standard models sold at break even.

break even units =Fixed cost divide contribution margin per package

= $300,000 divide $3000 =100 package standard models sold at break even=100 package multiply 8 = 800

2.Refer to Figure, What is the number of deluxe models sold at break even.

break even units

=Fixed cost divide contribution margin per package = $300,000 divide $3000

=100 package deluxe models sold at break even = 100 package multiply 4

6 0

2 years ago

6-19. Six sites have been identified for a parking lot in downtown Blacksburg. Because the sites are plots of land, their salvag

Lemur [1.5K]

Answer:

Site B should be chosen based on the IRR criterion

Explanation:

Please check the attached image for the complete question

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

When comparing projects, the project with the highest IRR should be chosen.

I hope my answer helps you

3 0

2 years ago

Huai takes out a $3,600 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he tran

Alja [10]

Answer:

a. The monthly payment on loan 1 is $76.03.

b. The monthly payment on loan 2 is $411.69.

Explanation:

a. Calculate the monthly payment on loan 1.

To determine the amount of periodic payments, the present value of annuity formula should be used:

$PV=P(\frac{1-(1+r)^{-n} }{r} )$

Where:

PV= present value

p=periodic payment

i=rate of interest

n=number of periods

We get the data for this exercise:

PV= 3,600 (loan).

p= unknown (we must find this value)

i= 6.6% or 0.066. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.066 / 12).

n= 4 years and 7 months, that is 55 months.

And we replace in the formula:

$3600=P(\frac{1-(1+\frac{0.066}{12})^{-55} }{\frac{0.066}{12} } )$

$3600=P(\frac{1-(1+0.055)^{-55} }{0.0055} )$

$3600=P(\frac{1-(0.7395812268)}{0.0055} )$

$3600=P(\frac{0.2604187732}{0.0055} )$

$3600=P(47.348867)$

Therefore:

$P=\frac{3600}{47.348867}$

$P=76.03$

The monthly payment on loan 1 is $76.03.

b. Calculate the monthly payment on loan 2.

We get the data for this exercise:

PV= 11,600 (loan 2).

p= unknown (we must find this value)

i= 7.3% or 0.073. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.073 / 12).

n= 2 years and 7 months, that is 31 months.

And we replace in the formula:

$11600=P(\frac{1-(1+\frac{0.073}{12})^{-31} }{\frac{0.073}{12} } )$

$11600=P(\frac{1-(1+0.006083)^{-31} }{0.006083} )$

$11600=P(\frac{1-(0.8286047296)}{0.006083} )$

$11600=P(\frac{0.1713952704}{0.006083} )$

$11600=P(28.1761088936)$

Therefore:

$P=\frac{11600}{28.1761088936}$

$P=411.69$

The monthly payment on loan 2 is $411.69.

8 0

2 years ago