answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nat2105
2 months ago
7

If you were trying to decide whether to take out an auto loan for $6500 to buy your first car, thereby allowing you to commute f

or an impressive summer internship program next year, would that loan meet the requirements?
Business
1 answer:
soldi70 [3.6K]2 months ago
8 0

Response:

Indeed, obtaining a loan would fulfill our eligibility to travel for an exceptional summer internship program next year.

Justification:

A loan would provide the necessary funds for purchasing a car. We can manage the down payment. This will allow us to acquire a vehicle. Thus, deciding to take the loan is a sound choice.

This will facilitate our commute for the summer internship. Immediately upon making the down payment, we will get the car and be able to enjoy its advantages. This represents a favorable type of debt.

You might be interested in
If a person works on a ship for a cruise line headquartered in the country where he was born and resides, then he is a Answers:
Nady [3600]
The answer is option "A": PCN. In the realm of global staffing, a Parent Country National (PCN) refers to an employee recruited in their home country, where their employer's main office is located. Companies typically opt for PCNs when the cultures in foreign lands are quite different.
4 0
1 month ago
Why should teenagers, in particular, look for no-fee savings accounts?
marusya05 [3725]

Response:

The correct choice is option "D": It is likely that the fees imposed by a bank will exceed the interest offered on a teenager’s savings account during their initial saving period.

Clarification:

Financial institutions often impose elevated fees on savings accounts for teenagers since they lack a credit history. This can make them appear to be riskier financially, particularly concerning overdrafts. Consequently, banks generally offer lower interest rates on these accounts along with certain limitations that one should consider before selecting a bank for account opening.

8 0
3 months ago
Metro Company trades its used machine for a new model at Denver Solutions Inc.
Free_Kalibri [3773]

Answer:

Cost of the new machine:

= Price of new machine - Trade allowance + Market value of old machine

= $16,000 - $9,000 + $6,000

= $13,000

Consequently, the journal entry would be recorded as follows:

New Machine Cost A/c                               Dr. $13,000

Accumulated Depreciation (Book Value) A/c Dr. $4,000

Loss from machine exchange A/c                    Dr. $2,000

         To Old Machine (Book Value)                    $12,000

         To Cash (16,000 - 9,000)                        $7,000

(To document the equipment exchange)

4 0
1 month ago
Diversity is about _______. welcoming all people having at least one person from every race and religion recognizing the contrib
soldi70 [3635]

Respuesta:

tdyfddtrrststsstrstrhsrthrrdydryydrry

Explicación:

6 0
3 months ago
Other questions:
  • Andrew has been asked to estimate future cash flows for his company. He is having a hard time remembering how to estimate future
    12·1 answer
  • A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W
    8·1 answer
  • Stine Co. is a retail store operating in a state with a 6% retail sales tax. The retailer may keep 2% of the sales tax collected
    12·2 answers
  • You work for a Defense contracting company. The company develops software applications which perform intensive calculations in t
    11·1 answer
  • Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh
    15·1 answer
  • If ty chooses a smart phone simply because he perceives it to be rated highest on megapixels, which he believes is the most impo
    7·1 answer
  • Bryant Co. reports net income of $20,000. For the year, depreciation expense is $7,000 and the company reports a gain of $3,000
    15·1 answer
  • A stock index is valued at $800 and pays a continuous dividend at the rate of 3% per year. The 6-month futures contract on that
    14·1 answer
  • Blue Fin started the current year with assets of $709,000, liabilities of $354,500 and common stock of $209,000. During the curr
    12·1 answer
  • Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!