Business
Business, 16.04.2020 22:47, sum72

Lease-versus-purchase decision Personal Finance Problem Joanna Browne is considering either leasing or purchasing a new Chrysler Sebring convertible that has a manufacturer's suggested retail price (MSRP) of $ 33 comma 000. The dealership offers a 3-year lease that requires a capital payment of $ 3 comma 500 ($ 3 comma 100 down payment + $ 400 security deposit) and monthly payments of $ 493. Purchasing requires a $ 2 comma 600 down payment, sales tax of 6.4 % ($ 2 comma 112), and 36 monthly payments of $ 903. Joanna estimates the value of the car will be $ 17 comma 000 at the end of 3 years. She can earn 4.8 % annual interest on her savings and is subject to a 6.4 % sales tax on purchases. Make a reasonable recommendation to Joanna using a lease-versus-purchase analysis that, for simplicity, ignores the time value of money. a. Calculate the total cost of leasing. b. Calculate the total cost of purchasing. c. Which should Joanna do?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 07:40, sistersquad
Myflvs -question 3 multiple choice worth 2 points)(10.04 hc)in panama city in january, high tide was at midnight. the water level at high tide was 9 feet and1 foot at low tide. assuming the next high tide is exactly 12 hours later and that the height of thewater can be modeled by a cosine curve, find an equation for water level in january for panamacity as a function of time (t).of(t) = 4 + 5of(t) = 5 cost + 4o 460) = 5 cos 1+ 4of(0) = 4 cos + 5
Answers: 1
image
Business, 22.06.2019 13:40, ilovecatsomuchlolol
A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.
Answers: 3
image
Business, 22.06.2019 19:50, joel4676
The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000
Answers: 2
image
Business, 23.06.2019 02:10, jljhenkel
Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.
Answers: 1
Do you know the correct answer?
Lease-versus-purchase decision Personal Finance Problem Joanna Browne is considering either leasing...

Questions in other subjects:

Konu
Mathematics, 05.05.2020 05:53