An automobile dealership offers a car with $0 down payment, $0 first month's payment, and $0 due at signing. The monthly payment, starting at the end of month two, is $376 and there are a total of 37 payments. Assume that the APR is 10% compounded monthly. Find the negotiated sales prices. Choose the closest answer below. A. P=$32,916. OB. P = $16,083. O C. P $11,831. O D. P = $11,929.
Answers
The negotiated sales prices is $11,831 the closest answer is C.
To find the negotiated sales price, we can use the present value formula for an ordinary annuity:
P = PMT * (1 - (1 + r)^(-n)) / r
Where:
P = Negotiated sales price
PMT = Monthly payment
r = Monthly interest rate
n = Number of payments
In this case, the monthly payment (PMT) is $376, the monthly interest rate (r) is 10% divided by 12 (0.10/12), and the number of payments (n) is 37.
Substituting the values into the formula:
P = $376 * (1 - (1 + 0.10/12)^(-37)) / (0.10/12)
Calculating this expression gives us:
P ≈ $11,831
Therefore, the closest answer is C. P = $11,831.
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Related Questions
What is a major function of the public sector
Answers
Answer:
Public sector provides many services such as; education, health and social care.
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan?
- 403(b)
- Traditional IRA
- Roth IRA
- 401(k)
Answers
Answer:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Explanation:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Answer:
C. Roth IRA
Explanation:
prepaid insurance should be included in the numerator when computing the acid-test (quick) ratio. true false
Answers
The given statement "Prepaid insurance should be included in the numerator when computing the acid-test (quick) ratio" is true.
The acid-test ratio is a measure of a company's ability to meet its short-term financial obligations. It is calculated by dividing the company's current assets, excluding inventory, by its current liabilities.
Prepaid insurance is a type of asset that is considered "content-loaded prepaid insurance" because it has already been paid for but has not yet been used or consumed. Since it is a current asset, it should be included in the numerator of the acid-test ratio.
Therefore, the correct answer to the question is true. Prepaid insurance should be included in the numerator when computing the acid-test (quick) ratio.
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how has technology changed communication over the past decade?
Answers
Answer:
Explanation:
Advancements in technology and changes in communication generally go hand in hand. Landlines displaced the telegraph and cell phones replaced landlines. The arrival of the internet opened new doors of personal communication. E-mails replaced postal mails and social media took the place of text messages
Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices
Crowdfunding
Private foundations
Service Learning
Community Service
Answers
Present value of a perpetuity what's the present value, when interest rates are 6.50 percent, of a $250 payment made every year forever?
Answers
When interest rates are 6.50 percent, the present value of a $250 payment made every year forever is approximately $3,846.15.
The present value of a perpetuity refers to the current worth of an infinite series of future cash flows that are received at regular intervals. In this case, we need to determine the present value of a $250 payment made every year indefinitely, assuming an interest rate of 6.50 percent.
To calculate the present value of a perpetuity, we can use the formula:
Present Value = Cash Flow / Interest Rate
In this case, the cash flow is $250 and the interest rate is 6.50 percent (or 0.065 as a decimal).
Using the formula, we can calculate the present value as follows:
Present Value = $250 / 0.065
Simplifying this calculation gives us:
Present Value = $3,846.15
Therefore, when interest rates are 6.50 percent, the present value of a $250 payment made every year forever is approximately $3,846.15.
It's important to note that this calculation assumes that the payment of $250 will continue indefinitely. In reality, perpetuities are theoretical concepts and rarely occur in practice.
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Why does an enterprise need to listen to its customers
Answers
____ is The most familiar form of electronic banking, which dispenses cash, accepts deposits, and allows balance inquiries and cash transfers from one account to another.
Answers
ATM (Automated Teller Machine) is the most familiar form of electronic banking that fits the description provided. ATMs are self-service machines found in various locations such as banks, shopping centers, and convenience stores, offering a range of banking services to customers.
ATMs provide convenience and accessibility to account holders by allowing them to perform various transactions without visiting a physical bank branch. Users can withdraw cash from their accounts, deposit funds, check their account balances, and transfer money between accounts. Some ATMs also enable additional functionalities like purchasing prepaid services, printing mini-statements, and updating account information.
ATMs are designed to be user-friendly, with a screen interface and keypad for inputting commands and PINs. The machines are connected to the banking network, which enables real-time communication and verification of account details.
These electronic banking devices have become a ubiquitous part of modern banking, offering round-the-clock availability and enhancing customer convenience. The widespread use of ATMs has revolutionized the way people access and manage their finances, providing a quick and efficient means of conducting basic banking transactions without the need for direct interaction with bank staff.
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How can a strong credit score help you to negotiate a better price on big purchases items, le cars?
a) People with strong credit scores present less risk to the lender
b) Astrong credit score guarantees the lender you will not make late payments
c) People with strong credit usually have friends with good credit that they can refer to the same business
c) All the above
Answers
Type the correct answer in the box.
Lois is planning to raise funds for her new business venture. Which factor of production is she working toward?
Lois is planning to raise funds for her new business venture. She is working toward satisfying the __________ factor of production.
Answers
Answer:
Capital
Explanation:
Factor of production are defined as resources or input that are used in production process to get output.
The factors of production includes land, labour, and capital.
Although these are not part of the final product , they facilitate production.
In the given scenario Louis is planning to raise funds for her new business venture.
This is an activity aimed at raising capital for the business.
Capital is a sum of money that is used to start or run a business.
Answer:
The capital factor of production.
Explanation:
Allmax is concerned that its subsidiary in Venezuela could be expropriated (seized) by the host government without compensation within the next few years. The type of risk Allmax faces with its Venezuelan subsidiary is termed ______ risk.
Answers
Allmax faces the risk of expropriation without compensation of its Venezuelan subsidiary, which is an example of political risk.
Political risk refers to the potential for political actions or instability to negatively impact a company's operations or assets, including the seizure of assets by a government without compensation. This risk can arise from various sources, such as changes in regulations, expropriation, political violence, and government instability, among others. Companies can mitigate political risk by conducting due diligence, purchasing political risk insurance, diversifying their operations across different regions and countries, and developing contingency plans.
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The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology
Answers
Answer:
A.Law, Public Safety Corrections, and Security.
Explanation:
Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.
Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.
you have to talk about trade between different nations,Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also. you have to talk about trade between different nations
Answers
Answer:
hi u can be my friend
Explanation:
old plz
Can you be wise and intelligent at the same time .
Answers
Answer:
yes :)
Explanation:
wisdom comes from experience intelligence doesn't
Answer:
yes of course .................
when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___
three to nine weeks
there to six years
six to nine months
three to six months
Answers
Companies go through different phases to reach product/market fit. These phases are the:
A) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
C) idea stage, the traction stage, the monetization stage, and the growth stage.
D) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
Answers
Answer: D is the correct answer.
Explanation: The different phases to reach the product/ market fit are:
The idea stage: It is the first stage, where the idea of a product comes into existence.The prototype stage: here, the idea converts into a modelThe launch stage: the product is launched in the market for the consumers.The traction stage: the initial progress of a startup and the momentum it builds as it grows.The growth stage: the consumers have accepted the product and are buying it.
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You are about to start a new project at work you think might be dangerous. Where might you look for health and safety information before you start? Check all of the boxes that apply.
• the OSHA website
• the manufacturer's instructions
• your health and safety office
• research will not help; you cannot protect yourself
Answers
Answer:
A. the OSHA website
B. the manufacturer’s instructions
C. your health and safety office
Explanation:
this is correct
When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:
DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.
Answers
To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.
To perform DuPont Analysis in Excel, follow these steps:
Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.
Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.
Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.
By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.
In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.
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suppose that mdu represents the damages associated with ambient levels of benzene in an urban area and mdr represents those same damages in a rural area. if both firms are subject to the same abatement cost curve, the socially efficient level of emissions for each region reveals
Answers
If both firms are subject to the same abatement cost curve, the socially efficient level of emissions for each region reveals lower concentrations of benzene in urban area and higher concentrations of benzene in rural areas.
Since the marginal damage curve for urban areas is greater than the marginal damage curve for rural areas and both have the same marginal abatement cost curve, this indicates that societal costs are higher in urban areas. Benzene concentration will thus be lower in metropolitan areas. However, due to reduced social costs, the concentration in rural areas will be larger.As a result of the marginal damage curve of rural areas being less than that of urban areas, societal costs in rural areas will also be smaller. This will result in a rise in benzene concentration in rural areas. However, it will also result in less benzene being present in urban areas.Learn more about Benzene, here
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An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answers
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test
For corporations, maximizing the value of owner's equity can also be stated as:_______
Answers
For corporations, maximizing the value of owner's equity can also be stated as maximizing shareholder wealth.
Maximizing shareholder wealth refers to the process of increasing the value of the company's stock, which in turn benefits the shareholders who own that stock. This can be achieved through various strategies such as increasing profits, expanding market share, and making smart investments. By focusing on maximizing shareholder wealth, corporations aim to create long-term value for their owners and stakeholders. However, it's important to note that maximizing shareholder wealth should not come at the expense of ethical and socially responsible business practices.
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if using a multichannel approach, it is harder to tell which promotion is the most effective. group of answer choices true false
Answers
The statement "If using a multichannel approach, it is harder to tell which promotion is the most effective" is true.
A multichannel approach is a marketing strategy that employs various mediums and platforms to interact with potential customers or target audience members. For example, an online store may use an e-commerce platform, social media, and email marketing to attract and engage customers. The idea behind this approach is to reach out to customers on the platforms they use the most, allowing the company to engage with a wider audience.
But it is harder to tell which promotion is the most effective when using a multichannel approach. Because businesses are using more than one channel to reach their customers, the success of each channel's promotion becomes more difficult to track and measure. When a single channel is used, it is easy to determine which promotions are the most successful by analyzing metrics such as clicks, views, and sales. However, with multichannel marketing, each channel may have its own metrics to analyze, making it difficult to determine the most effective promotions.
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What does the phrase high risk = High reward mean when it comes to investing?
Answers
Answer: The phrase “higher risk, higher reward” is used in the general sense to set ratios between riskier stocks and more stable bonds and cash holdings. Investors adjust their risk according to their station in life.
Explanation:
similarities between editing and proofreading
Answers
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Hope this helps :)
HELPPPPP I AM STUCK ! Explain how production gives form utility to natural resources.
Answers
Answer:
land has a broad definition as a factor of production and can take many forms from agricultural land to commercial real estate. natural resources such as oil and gold can be extracted and refined for human consumption
cultivation of crops on land increases its value and utility
which of the following is an example of a capital input? group of answer choices a computer a share of stock an hour of a worker’s time $50,000
Answers
An example of capital input is a computer.
What is capital input?
Capital input refers to any type of tool, machinery, or building that is used by the company in the production of goods or services.
In this question, we have to identify the example of capital input from the given option. From the given examples a computer is an example of capital input because the computer is used by the company to produce services or do any other business-related work. Hence, the example of capital input is a computer.
Option (a) is not correct because it is not used in production.
Option (c) is not correct because it is not used in production.
Option (d) is not correct because it is not used in production.
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In order to obtain a permit, food service establishments must first
A. obtain a tax ID number
B. apply for initial inspection
C. pay the inspection fee
D. pass a food safety exam
Answers
Answer:
d
Explanation:
i use to work at a company like this i got to own a grocery outlet so i know anything
What is the term for a contract agreement in which an offeror promises to pay after the occurrence of a specified act, and the offeree is not required to respond in words?.
Answers
The term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
What is a Unilateral Contract?A unilateral contract can be defined as a contract agreement whereby an offeror is obligated to pay only after a specified act has been fulfilled by the offeree.
For example, "I will pay you $2,500 if you bring my car from Texas all the way to Cleveland". The specified act that must be fulfilled before I pay is for you to bring my car. That is the acceptance.
Therefore, the term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
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Description
Managers must be able to identify the value of human resource management activities in an organization. Additionally, the knowledge, skills and abilities of the HR professional provide substantial value to all industries and organizations.
Discussion: Is it a good idea for companies not to have an HR department or HR professionals?
(answer with original works ONLY)
Answers
It is not a good idea for companies to operate without an HR department or HR professionals. HR management activities provide significant value to organizations, and the knowledge, skills, and abilities of HR professionals are crucial in ensuring effective people management.
Having an HR department and HR professionals in an organization is essential for several reasons. Firstly, HR professionals play a vital role in managing the organization's workforce and ensuring that employees are aligned with the company's goals and objectives.
They handle recruitment, selection, and onboarding processes, which are crucial for building a skilled and motivated workforce.
Secondly, HR professionals are responsible for managing employee relations, performance evaluations, and training and development initiatives. They create and implement policies and procedures that promote a positive work environment and support employee growth and development.
Additionally, HR professionals provide expertise in areas such as compensation and benefits, labor laws, and compliance, which are critical for ensuring legal and ethical practices within the organization.
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can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation: