Answer: Conventional Mortgage
Explanation:
A conventional mortgage or conventional loan is a home buyer's loan that is not offered or secured by a government entity. It is available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac.
Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.
Answer:
The answer is D
Explanation:
I got it right on my quiz. :)
Do you like Mr.Beast why or why not.
Answer:
yes i do
Explanation:
Why is it important to customers that sales are rung up differently? Why is it important to a retailer that sales are rung up accurately? Why is it important for sales to be rung up quickly?
It is important to customers that sales are rung up differently because accuracy in pricing and product information can affect their purchasing decisions and ensure that they are not overcharged. Customers also expect to receive the correct change and a clear and detailed receipt of their purchases.
What is the retailer about?It is important to a retailer that sales are rung up accurately for several reasons. Firstly, accuracy helps to maintain customer trust and loyalty by ensuring that they are not overcharged. Secondly, accurate sales records are crucial for the retailer to track their inventory and make informed business decisions.
Therefore, It is important for sales to be rung up quickly because it helps to minimize wait times for customers, improve the overall shopping experience, and increase the number of customers that can be served in a given time period.
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Perfect competition for a product:
Raises buyer’s value for the product
Lowers buyer’s value for the product
Raises the price of buyer’s outside option
Lowers the price of buyer’s outside option
Raises seller’s marginal cost
Lowers seller’s marginal cost
Perfect competition in a market lowers the buyer's value for the product, as price competition reduces the perceived value. It also lowers the price of the buyer's outside option, as an abundance of substitute products puts downward pressure on prices. Additionally, sellers in perfect competition strive to lower their marginal costs through efficiency improvements.
Perfect competition is a market structure characterized by many buyers and sellers, homogeneous products, ease of market entry and exit, ideal information, and no market power. Understanding the effects of perfect competition on buyers' value, the price of the outside option, and sellers' marginal cost can provide insights into how the market dynamics shape these factors. In a perfectly competitive market, buyers are faced with numerous sellers offering identical products. This competition among sellers leads to price competition, which can lower the buyer's perceived value for the product. With multiple options available at similar prices, buyers become more price-sensitive and may be less willing to pay higher costs for the product. This can influence their decision-making process and bargaining power. Substitute products in a perfectly competitive market increase the buyer's options. This abundance of alternatives can put downward pressure on the prices of these substitute products, including the buyer's outside chance. The availability of lower-priced substitutes gives buyers the flexibility to switch to alternative products if the cost of the offered product is deemed too high. This competitive pressure on prices can significantly impact the buyer's perceived value for the product. On the seller's side, perfect competition incentivizes sellers to operate efficiently and reduce costs to stay competitive. With little to no market power, sellers must find ways to lower their production costs, including their marginal costs. This cost reduction can be achieved through continuous improvements in production processes, adoption of new technologies, or finding cost-effective suppliers. By lowering their marginal costs, sellers can offer competitive prices to attract buyers while maintaining profitability. In summary, perfect competition in a market affects the buyer's value for the product by lowering it due to price competition. It also influences the price of the buyer's outside option by providing great substitute products and putting downward pressure on their merits. Additionally, a perfect match drives sellers to reduce their marginal costs through efficiency improvements and cost-cutting measures, enhancing their competitiveness in the market.
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Store Policies that are open to interpretation by store employees
a) Customer satisfaction
b) Government law
c) Safety
d) Liability of product
Answer:
a) Customer satisfaction
Explanation:
The following information pertains to Crane Video Company.
1. Cash balance per bank, July 31, $7,863.
2. July bank service charge not recorded by the depositor $34.
3. Cash balance per books, July 31, $7,884.
4. Deposits in transit, July 31, $1,800.
5. Bank collected $1,200 note for Crane in July, plus interest $42, less fee $26. The collection has not been recorded by Crane, and no interest has been accrued.
6. Outstanding checks, July 31, $597.
The following information pertains to Crane Video
The following information pertains to Crane Video
Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)
CRANE VIDEO COMPANY
Bank Reconciliation
July 31
Bank service chargeOutstanding checksCollection of note receivableDeposits in transitAdjusted cash balance per bankCash balance per bank statement
$
LessAdd: Cash balance per bank statementAdjusted cash balance per bankOutstanding checksCollection of note receivableBank service chargeDeposits in transit
LessAdd: Adjusted cash balance per bankCollection of note receivableCash balance per bank statementBank service chargeDeposits in transitOutstanding checks
Collection of note receivableBank service chargeAdjusted cash balance per bankDeposits in transitOutstanding checksCash balance per bank statement
$
Bank service chargeCash balance per booksOutstanding checksAdjusted cash balance per booksDeposits in transitCollection of note receivable
$
LessAdd: Bank service chargeCash balance per booksCollection of note receivableAdjusted cash balance per booksDeposits in transitOutstanding checks
AddLess: Bank service chargeCash balance per booksOutstanding checksAdjusted cash balance per booksCollection of note receivableDeposits in transit
Bank service chargeDeposits in transitCash balance per booksAdjusted cash balance per booksOutstanding checksCollection of note receivable
$
SHOW LIST OF ACCOUNTS
The following information pertains to Crane Video
The following information pertains to Crane Video
Journalize the adjusting entries at July 31 on the books of Crane Video Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
July 31
(To record the collection of the note)
July 31
(To record the bank service charge)
SHOW LIST OF ACCOUNTS
The following information pertains to Crane Video
The following information pertains to Crane Video
Question Attempts: 0 of 2 used
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SUBMIT ANSWER
The following information pertains to Crane Video
Answer:
A. Cash balance per bank $ 9,066
Cash balance per books $9,066
B.Jul'31
Dr Cash $1,216
Dr Expenses for collection $ 26
Cr Note receivables $ 1,200
Cr Interest revenue $ 42
Jul'31
Dr Miscellaneous Expenses $ 34
Cr Cash $ 34
Explanation:
A. Preparation of Bank Reconciliation at July 31
BANK RECONCILIATION
Cash balance per bank, July 31, $7,863
Add Deposit in transit $ 1,800
Less Outstanding checks ($597)
Adjusted cash balance $ 9,066
Cash balance per books, July 31 $7,884
Collection of note receivable $1,216
($1200+$42-$26)
Less Bank service charge ($34)
Adjusted cash balance $ 9,066
B. Preparation of the adjusting journal entries at July 31 on the books of Crane Video Company
JOURNAL ENTRIES
Jul'31
Dr Cash $1,216
Dr Expenses for collection $ 26
Cr Note receivables $ 1,200
Cr Interest revenue $ 42
(To record note collection by bank)
Jul'31
Dr Miscellaneous Expenses $ 34
Cr Cash $ 34
(To record bank service charges)
3. Given the demand and variable costs functions to be:
P + 2Q = 2, VC = 1 + 5/Q , FC = 10.
a) Find the expressions for marginal cost and marginal revenue.
b) Calculate the change in profit due to a 2 units increase of output from current level of output of 4.
c) Find the level of output that maximizes the profit and the maximum profit.
a. The marginal cost expression is given as -5/Q².
b. The change in profit due to a 2-unit increase in output is found to be -$35.583.
c. there is no level of output that maximizes profit
How do we calculate?a.
The Demand function: P + 2Q = 2
Variable cost function: VC = 1 + 5/Q
Fixed cost = 10
d(P + 2Q)/dQ = 2
VC = 1 + 5/Q differentiate with respect to Q
FC = 10
TC = VC + FC
TC = (1 + 5/Q) + 10
TC = 11 + 5/Q
dTC/dQ = d(11 + 5/Q)/dQ
dTC/dQ = -5/Q²
b)
Current level of output: Q = 4
New level of output: Q = 4 + 2 =
P + 2Q = 2
P + 2(4) = 2 since Q= 4
P + 8 = 2
P = -6
TR = P * Q = (-6) * 4 = -24
Total cost (TC) at Q = 4:
TC = 11 + 5/4 = 12.25
We then find the total revenue and profit for level 4 till 6
Change in profit:
Change in profit = Profit at Q = 6 - Profit at Q = 4
Change in profit = (-71.833) - (-36.25) = -35.583
c)
Profit (π) = TR - TC
π = (P * Q) - (VC + FC)
π = (P * Q) - (1 + 5/Q + 10)
dπ/dQ = P - (-5/Q²) = P + 5/Q²
We solve and get a quadratic equation:
2Q² - 2Q + 5 = 0
we solve and finds it has no real solutions.
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Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In a three paragraph
essay (a minimum of 4-5 sentences), write an analysis of these opportunities that answers the following questions.
Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? What are the true
risks of investment with this company, and does the company accurately describe these risks? What are the potential
returns on an investment, and does the company accurately describe these returns?
All investment types do possess some level of risks hazard. Based on the evidence available to me, the investment opportunity that more likely to be fraudulent is the first investment that is made.
The true risks of investment with this company are hazard linked to land, stocks, wares, or court cases.
What are the potential returns on an investment?In regards to the investment made, Projected return, or what we call the potential return, is one that can create a lot of profit or loss.
Note that it is seen as a form of calculated metric that aids investors to be able to the amount of potential profit an investment may get and in the above case it may yield more profit or loss.
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Answer:
"After reviewing the investment opportunities provided by Earll Investments and Pima Financial Trading, it is evident that the investment opportunity offered by Pima Financial Trading is more likely to be fraudulent. The investment opportunity offered by Pima Financial Trading promises extremely high returns, which is usually a red flag for fraudulent activities. On the other hand, Earll Investments offers a more conservative investment opportunity, which promises a reasonable return on investment.
The true risks of investing with Pima Financial Trading are not accurately described by the company. The company claims that their investment opportunities are low-risk, but this is unlikely given the high returns promised. The higher the potential return on investment, the higher the risk involved. Pima Financial Trading also fails to provide detailed information about the investment strategies they use, making it difficult for investors to assess the risks involved.
In contrast, Earll Investments accurately describes the risks involved in their investment opportunity. The company acknowledges that there is a risk of loss, but emphasizes that this risk can be minimized by diversifying investments. The potential returns on an investment with Earll Investments are also accurately described, with the company offering a reasonable return on investment. Investors should exercise caution when considering investment opportunities offered by Pima Financial Trading, and carefully assess the risks involved."
The new boss gave workers better family leave, vacation, and sick leave policies. She is probably:
A. task-oriented.
B. narcissistic.
C. toxic.
D. relationship-oriented.
Answer:
Relation Oriented? its not A, B, or C...
Explanation:
Answer:
D. Relationship Oriented!
Explanation:
I just took the test!
how many tines in earth does the sun intersect equartor
Answer:
два
Explanation:
If Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS), an equivalent equation can be written as a. BI+P-COGS + EI b. EI + P =COGS - BI C. BỊ –P COGS + EI d. BI + P =COGS - EI
If Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS), an equivalent equation can be written as: BI + P = COGS - EI. The correct answer is option D
Given the equation: Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS), we can rewrite this equation as:
BI + P - COGS = EI
This is because if we add COGS to both sides of the equation, we get:
BI + P = COGS + EI
Then, by subtracting EI from both sides, we obtain:
BI + P - EI = COGS
Finally, subtracting COGS from both sides gives us the equivalent equation:
BI + P - COGS = EI
So, the correct answer is option d: BI + P = COGS - EI. This equation is an alternative way of expressing the relationship between beginning inventory, purchases, ending inventory, and the cost of goods sold.
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Complete question:
If Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS), an equivalent equation can be written as
a. BI+P-COGS + EI
b. EI + P =COGS - BI
C. BỊ –P COGS + EI
d. BI + P =COGS - EI
Do players expect more than they are worth? Or do management and
owners take too large a share of the profits for themselves? What
do their stances imply for the future of pro sports?
This relates to the dynamics between players, management, owners, and the distribution of profits in professional sports. It is a complex and subjective topic with varying perspectives. Here are some general points to consider:
Player Expectations: Based on their performance, skills, market value, and income they bring in for the team or league, players, particularly high-profile athletes, may have high expectations for their salary. Some contend that athletes need to receive equitable compensation for all of their contributions to the game, including their talent, commitment, and entertainment value for spectators.
Share of Management and Owners: In professional sports, management and team owners often exercise significant control and decision-making authority. They make significant investments in player pay, team operations, marketing, and infrastructure. They can contend that in order to cover these costs, take on these risks, and guarantee the long-term viability and expansion of the team or league, they ought to receive a larger cut of the earnings.
Distribution of Revenue: In professional sports, the distribution of revenue is influenced by a number of variables, including revenue streams (such as ticket sales, television rights, and sponsorships), collective bargaining agreements, pay ceilings, and revenue-sharing arrangements. These elements affect the compensation that players earn in comparison to management and owners.
Collective bargaining: To decide on issues like pay scales, benefits, and income sharing, player unions or organizations negotiate with management and owners. Finding a balance between player salary and the financial stability of teams and leagues is the goal of these collective bargaining procedures.
Future Implications: How players, management, and owners feel about profit sharing may have an impact on professional sports. Players may engage in contract disputes, strikes, or the investigation of alternative revenue streams if they feel their compensation is insufficient. If management and owners claim too large a share, it may affect player retention, talent acquisition, and overall league competitiveness.
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in 2018, online retail sales reached over $517, or approximately______percent of all retail sales.
In 2018, online retail sales reached over $517 billion, or approximately 14.3 percent of all retail sales.
What exactly are retail sales?Retail sales refer to the goods or services sold by businesses directly to consumers for personal or household use. Retail sales typically occur in physical stores, but they can also happen through e-commerce websites or other digital channels.
Retail sales can include a wide variety of products, including clothing, electronics, groceries, furniture, and more. They can also include services such as haircuts, car repairs, or other types of personal services.Retail sales are an important indicator of economic activity, as they reflect consumer demand and spending patterns. Many companies rely on strong retail sales to generate revenue and profit, and fluctuations in retail sales can have a significant impact on overall economic growth.To learn more about e-commerce, click
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In an attempt to promote renewable energy, the president and congress approve an annual rebate to those who install solar panels on their roofs. What type of economic policy would this represent?.
This type of economic policy would represent is neither fiscal nor monetary policy.
A course of action designed to affect or regulate the economy's behavior is known as an economic policy. The government typically implements and oversees economic policies. The systems for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership, and many other areas of government interventions in the economy, are all included in the concept of the economy of governments. The federal government works to achieve three policy objectives in order to maintain a robust economy: stable prices, full employment, and economic growth. The federal government has additional objectives to maintain the sound economic policy in addition to these three policy goals.
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Breton Woods Standards were found to be inadequate mainly because
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
Can you help me solve this problem?
Answer:
Explanation: you read it slowly and get it understand
My audience would be the people that are of teenage to early adult age.
How to create the adWhen creating an ad, it is important to use attention-grabbing headlines that evoke emotions and curiosity. Use persuasive techniques such as social proof, scarcity, and authority to make your product or service more appealing to your target audience.
Social proof refers to the idea that people are more likely to follow the actions of others. For instance, you can use customer reviews or testimonials to demonstrate that your product or service is trusted by others.
Scarcity involves creating a sense of urgency by indicating that there are limited quantities available or for a limited time only. This can prompt people to take action and make a purchase.
Finally, authority involves using credible sources to support your claims. This can be achieved by using statistics or endorsements from reputable organizations.
In terms of the headline and message, it should be clear and concise, with a strong call-to-action. For example, "Join the Green Revolution Today! Reduce Your Carbon Footprint with Our Sustainable Products"
To be more persuasive, it's important to understand your target audience and tailor your message to their needs and preferences. Additionally, it may be helpful to provide incentives or promotions to encourage people to try your product or service. By using these techniques, you can increase the likelihood of persuading your audience to buy your invention or service.
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can someone recommend me some research topics for economics.would really appreciate if it is in a list
Explanation:
here are some research topics for economics::
1. The effect of income changes on consumer choices
2. The effect of labor force participation on the economy and budget – A comparison
3. The impact of marital status on the labor force composition: A case of [your country] economy
4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends
5. The relationship between salary levels and ‘economic convergence’ in [your country]?
6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.
7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.
8. Dynamics of the Gini index as a reflection of the problem of inequality in income
9. Cashless economy: The impact of demonetization on small and medium businesses
10 Privatization of Public Enterprises and its implications on economic policy and development
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Sentinals FC, a soccer club, is hiring new players. The applicants are required to be of a certain height and physical build to qualify for the next round of the selection process. Consequently, some applicants do not qualify despite having exceptional soccer skills. This best exemplifies _____. disparate impact status-blind hiring summary dismissal nepotism
Considering the situation described in the question, the phrase that exemplified the situation is "disparate impact."
This is because the disparate impact is a phenomenon or situation that occurs when some policies or decisions are made in a neutral sense.
However, the effect of such policy appears to affect a certain set of people, thereby appearing as if it is discrimination.
In other words, a disparate impact is a form of unintentional discrimination that is originally established as impartial policies or regulations that are made generally but whose effects appear to affect a certain set of people.
In this case, the policy made by Sentinals FC on hiring new players affects a certain set of people.
Hence, in this case, it is concluded that the correct answer is "disparate impact."
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If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
Full question:
If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
Country A to specialize in growing corn while Country B specializes in making cars.
Country A to specialize in making cars while Country B specializes in growing corn.
both countries to compete in growing more corn.
Answer:
Country A to specialize in growing corn while Country B specializes in making cars.
Explanation:
Agricultural country typically has a suitable climate to maximize the growth of crops. So, focusing its resources to specialize in one agricultural product might be an effective economic strategy for country A.
Since Country B has many cities and factories, country B can efficiently transform several raw materials and combined them into one finished products. Specializing its resources to produce vehicles can be a suitable approach that fit With Country's B specialty.
After making their own specialization, both country A and country B could conduct trade with one another in order to obtain products that they did not produce.
The demand function for super big bright led light bulbs is Q^d=(45 million)-(3.5 million * P).If the company charged a price of $8 per bulb
Answer:
74
Explanation:
saif
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
A friend told Mohammed, Your business would be more successful if you only served in the shop and let your workers make the bread and cakes. Do you agree? Justify your answer
Answer:
Yes
Explanation:
As the 9wner of business, you will know how to controll your finance than paying someone.
Which of the following is a total measure of productivity?
A)Output / Labor
B)Output/ Inputs
C)Output/ (Labor + Capital + Energy)
D)Output/ Materials
E)All of the above
Output/ Inputs is a total measure of productivity. Option B is the correct answer.
Productivity is assessed by comparing the total units of output to the total amounts of input throughout a country's economy. An essential indicator of an economy's capacity for growth is productivity. Potential increases in salaries, corporate profits, and living standards are constrained when productivity growth is insufficient. Option B is the correct answer.
Productivity is calculated by dividing an organization's output by the units utilized to produce that output. Businesses with outstanding levels of productivity include the global leader in automobiles, Toyota, and the king of the online marketplace, Amazon. How much "work" is completed in a given amount of time is the simplest definition of productivity in the workplace.
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What is a trade deficit? How is a trade deficit related to the net inflow of foreign capital? If the investment (both real and financial) of foreigners in the United States are greater than those of Americans abroad, how will the impact the trade balance? Is a trade deficit bad? Why or why not?
A trade deficit occurs when a nation imports more goods and services than it exports. The imbalance is typically determined by calculating the difference between a country’s exports and imports.
The amount of money a country spends on foreign goods and services is greater than the money it earns from exports. A trade deficit is a source of concern because it puts pressure on the value of a country’s currency. The trade deficit and the net inflow of foreign capital are linked.
When foreigners' investment in the US is greater than the US investment abroad, it will increase the deficit of trade balance. The trade deficit, in turn, is viewed as either a good or a bad thing depending on the context.
On one hand, it can be seen as a positive thing because it can improve the standard of living for citizens of a country. On the other hand, it can be viewed negatively because it can lead to a decline in domestic industries, job losses, and higher interest rates.
The answer to whether a trade deficit is bad or not is a complex one that depends on the specific circumstances in question.
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management's refusal to let workers enter a plant or building to work is a: question 25 options: 1) boycott 2) reverse strike 3) management strike 4) lockout 5) union-busting approach
Management's refusal to let workers enter a plant or building to work is option 4) lockout.
A lockout is a state of affairs during which employers shut an area of labor and stop employees from coming into it till the employees settle for the employer's new proposals on pay or conditions of labor. [business] The opposition might resume if no new contract agreement is signed.
Strike action, conjointly referred to as labor strike, labour strike, or just strike, may be a job action caused by the mass refusal of workers to figure. A strike typically takes place in response to worker grievances. Strikes became common throughout the commercial Revolution, once mass labor became vital in factories and mines.
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which kind of flour contains more gluten and less starch
a.all purpose flour
b.bread flour
c.cake flour
d.soft flour
Answer: b. bread flour
Explanation:
Different types of flour have varying gluten and starch content which is as a result of the kind of wheat used in making the flour.
Bread flour which is also called hard flour has gluten content of 13 to 14% which makes it the highest of the options. All purpose flour has around 12%, Cake flour has about 7.5 to 9% and soft flour is quite low as well.
or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
What part of the sustainable marketing mix involves producing more environmentally friendly products, such as electric automobiles?
Product Strategies part of the sustainable marketing mix involves producing more environmentally friendly products, such as electric automobiles.
Product strategy defines a high-level plan for developing and commercializing a product, how the product will support business strategies and goals, and is realized through a product roadmap.
Product strategy describes a company's strategic vision for its product offering by determining where the product will go, how it will get there, and why it will succeed. A product strategy allows you to focus on a specific target market and feature set instead of trying to offer everything to everyone.
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When you lease a car, you never have to worry about the number of miles you drive
True or false
Answer:
False
Explanation:
Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars
Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed