BUSINESS HIGH SCHOOL

John is considering a purchase of a new Toyota that costs $25,000 at a local dealership. John estimates the annual cost of maintenance, registration, insurance, and gas to be about $1,000. After extensive internet research, John estimates that he can sell his Toyota in three years for $10,000. What is John's estimated cost of owning and driving the car for three years? Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices A) $25,000 3 x $1,000 + $25,000 = $28,000
B) 3 x $1,000 + $25,000 - $10,000 = $18,000
C) $25,000 - $10,000 = $15,000

Answers

Answer 1
Answer:

Answer:

The correct answer is B) 3 x $1,000 + $25,000 - $10,000 = $18,000

Explanation:

John's estimated cost of owning and driving the car for three years is calculated with three elements.  

  • Initial investment $25,000
  • Cost of maintenance $1,000 each year
  • Savage value  $10,000

We add  Initial investment with Cost of maintenance,  Savage value  must be discounted because we recover that money at the end of the 3 years.  

So,

Cost of owning and driving the car= Initial investment + Cost of maintenance-Savage value

Cost=$25,000+ 3 x $1,000 - $10,000 = $18,000

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Because she beat her goal this year by nearly 30 percent, Helena has been telling everyone in the sales department of her incredible skill as a salesperson. But last year when she didn't even reach her goal, she said her failure was due to the poor economy. Helena provides an example of____________.A. fundamental attribution bias.B. the halo effect.C. a self-fulfilling prophecy.D. self-serving bias.E. selective perception error
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which of any essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor

Answers

One of the essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor is : Food Products.

If the price of fuel increased, the distribution cost for the food products is likely to be increased, which will affect the cost per product of all food Products, which will affect even the poorest of the poor

What is one of the advantages of buying an existing business?A.Its track record lets you know what to expect.
B. You can get it at a bargain price.
C. The previous owner will help fund the business.
D. You don't need to do any more advertising.

Answers

One of the advantages of buying an existing business is that its track record lets you know what to expect.The correct option among all the options that are given in the question is the first option or option "A". It is a fact that the new buyer will also get some cash flow already going as is not the case with new business.

Answer:

A. It's track record lets you know what to expect.

Explanation:

The ___ states that more of an item will be purchased at a lower price than at a higher price .

Answers

I think that a good phrase to fill in the blank space is "demand curve" or the "law of deman" - the demand curve portrays that if the prize is low, more goods will be bought than if the prize is higher - then people would want to buy less.

Graphically it is seen as a line that is higher on the left(when the x axis is the prize and the y axis is the demand) 

____ can help organizations to maintain flexibility as they plan.

Answers

Option-based planning can help the organization to maintain flexibility as they planned. When you say options-based planning, allows the staff in a certain team or organization to coordinate to be able to gather options for planning.

When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit toA. Cash and a credit to each individual creditor.
B. each individual creditor and a credit to Cash.
C. each individual partner’s capital account.
D. each individual partner’s capital account and a credit to Cash.

Answers

When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:

B.) each individual creditor and a credit to cash.

When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.a) true
b) false

Answers

Answer:

a) true

Explanation:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.

Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.

Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.

Final answer:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates efficiency, not overcapacity.

Explanation:

The correct answer is b) false. If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates that the firm is using its fixed assets more efficiently compared to its competitors in the same industry. It means that the firm is generating higher sales with the given fixed assets, which is a positive sign of efficiency. Adding more fixed assets in this scenario would not be necessary as it would decrease the fixed assets turnover ratio.

Learn more about Fixed assets turnover ratio here:

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