Mini-Case: Read the mini case and answer the questions that follow. Suppose the local Honda dealership is offering a special lease deal on the 2017 Honda Accord LX Coupe. With a 36-month lease, the monthly price is $219, not including tax. The lease also requires a down payment of approximately $2,380, plus the first month's payment and sales tax on the down payment. Nigel decides he wants to lease the Accord, and he enters into a contract with the Honda dealership. He makes his lease payment every month for 36 months and subsequently drives the vehicle for 36 months. (Assume that the terms of his contract mean the contract cannot possibly be performed within a year.) Based on the terms of this contract, how long would the performance of the contract take

Answers

Answer 1

Answer:

It would take 36 months

Explanation:

Based on the information given we were told that the dealership offers to lease the Honda Accord for 36 months which means that if Nigel have make a choice to lease the Accord by entering into a contract with the dealership after which the lease amount is paid by Nigel each month for 36 months in a situation were the contract terms cannot be possibly carried out within a year, Based on the terms of this contract between Nigel and the Honda dealership the performance of the contract would take 36 months because the Honda Accord lease deal is 36 months and secondly the lease payment is made every month for 36 months.


Related Questions

How do I prepare and balance the personal accounts appearing in the ledgers of small moon enterprises as at December 31,210

Answers

Answer:

For each account title shown on your sales and cash receipts journal columns and ... The sum of all general ledger debit balances should always equal the sum of all ... of business, you will use many, but probably not all, of these account names.Explanation: For each account title shown on your sales and cash receipts journal columns and ... The sum of all general ledger debit balances should always equal the sum of all ... of business, you will use many, but probably not all, of these account names.

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total yearly sales to Nolan are 10,000 units, it will grant a rebate of 2.00%. If it sells up to 20,000 units, it will grant a rebate of 4.00%. If it sells up to 30,000 units, it will grant a rebate of 6.00% In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000.00. Manual, based on past experience, has sold over 40,000 units to Nolan per year. Based upon the above information, what amount should Manual record as revenue based upon both the net and gross method? (check figure: gross method sales revenue $107,800.00)

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
yes
no

Answers

Answer:

No

Explanation:

Edge 2021

Answer:

NO    edge 2023

Explanation:

here's a career question :)

Answers

Answer:

A. stock value of the company

To be eligible for Bright Futures, you must

submit a statement explaining how all money will be repaid
submit a plan of action for all courses throughout college
take at least three remedial credits in the first semester
take at least six non-remedial credits per semester

Answers

i believe you would submit a plan of action for all course throughout college so Bright Futures knows how their money would be spent :)

Answer:

I think is B. submit a plan of action for all courses throughout college.

Explanation:

look at the picture ​

Answers

Okay, Lets get started.

For number one lets make a company named "Bluberry"

One way we use technology is for creating our websites, Employing people, and to talk to our workers.

2. BlueberryBoss and BerryPIcker

The rest I have no Idea how to help with.

Why are cooperatives formed?

Answers

To work together for the greater good of a community.
Be us to people can work together to the the same output with less work

when you create a professional ____, you are creating a version of yourself you want employers and other professionals to see.

Answers

Answer:

Appearance

Explanation:

Hope this helps;)

The management accountant at Light Manufacturing oversees the company's day-to-day operations at the firm. The management accountant observed that the company generated $800,000 in product sales and the management accountant uses that information to run the daily business operations. The information is also to the management accountant because the data reveals which products generate the most sales; and, the management accountant uses that information to adjust products and develop the marketing strategy.Which of the following management accounting responsibilities is the management accountant using in this example?a)designingb)controllingc)planningd)implementinge)directing

Answers

Answer:

e)directing

Explanation:

Directing is a management function that entails the instruction, guidance, and oversight of business activities with an aim of meeting set goals and objectives.

In the given scenario the management accountant adjusted products and developed marketing strategy by observing that the company generated $800,000 in product sales, also he discovered which products are selling most.

This information was used in the daily running of the business.

Luis and Margo are both candidates for a housekeeping job at a major hotel. The selection process includes having applicants demonstrate their ability to clean a room quickly. The work sample is graded by a housekeeping supervisor. Margo was turned down for the job because she scored below 70 on the assessment. The hotel requires all employees to be retested every year and Margo knows that two of her cousins who work for the hotel get scores that vary significantly from year to year, depending on the supervisor doing the scoring. Margo contends that this employment test does not seem to have ______________.

Answers

Answer: reliability

Explanation:

Since Margo knows that two of her cousins who work for the hotel get scores that varies from year to year, depending on the supervisor doing the scoring, thus shows that the employment test isn't reliable.

The differences in the scores shows that it's not reliable. Reliability has to do with trust. In this case, it's not trustworthy.

630-689
Fair
690-719
Good
300-629
Bad
720-850
Excellent
Which of the following is most likely true for a person with a credit score of 600?
A) That person will find it easy to get a loan
B) That person will find it difficult to get a loan
C) That person's loan will likely have high interest rates
D) That person will probably not have to make very high monthly payments

Answers

Answer:

b

Explanation:

our score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Which of the following is NOT intellectual property?
A a new office building
B. the design for the building
C. a painting of the building
D. software used inside the building

Answers

Answer:

software used inside the building

explain the different levels of specialization.​

Answers

There are two types of specialisation:

structural specialisation (topic or map level)

and domain specialisation (element level).

In the context of a job advertisement, what does 'self-starting' mean?​

Answers

Answer:

A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.

Explanation:

What is the first thing a company should do after determining a business need?

A. locate a vendor

B. fill out a purchase order

C. submit an invoice

D. choose a specific product

Answers

Answer:

A :locate a vendor

Explanation:

you can fill vendor fields on the purchase invoice in two ways depending on whether the vendor is already registered .

The locate a vendor, is the first thing a company should do after determining a business need. Thus, option (a) is correct.

What is business?

The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.

The first step in locating a vendor was to determine the core operational services that your company will require. It is critical to establish and maintain strong vendor partnerships for customer service, cost effectiveness, quality, and market expansion. Vendors, as business allies, can play a critical role in an organization's success or failure.

As a result, to locate a vendor, is the first thing a company should do after determining a business need. Therefore, option (a) is correct.

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plz,what is memorandum​

Answers

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

an informal written record of an agreement that has not yet become official.

A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that may be used in a business office. ... In business, a memo is typically used by firms for internal communication, while letters are typically for external communication.

Type of energy classified as solids

Answers

kinetic energy
In a solid, particles are packed tightly together so they don't move much. The electrons of each atom are constantly in motion, so the atoms have a small vibration, but they are fixed in their position. Because of this, particles in a solid have very low kinetic energy.

Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD? Pls explain how u got the answer

A) $200,000
B) $300,000
C) $60
D) $600,000

Answers

Answer: $600,000

Explanation:

The sales revenue will be gotten as:

= Cost + Contribution Margin

where,

Cost = $400,000

Contribution Margin = $20 x 10,000 = $200,000

Therefore, Sales revenue will be:

= $400,000 + $200,000

= $600,000

Any christian guys wanna be friends?

Answers

Answer:

Explanation:

Im not a guy im a girl but can we still be friends

URGENT 20poinThe income of the individual falls under one main category​

Answers

Answer:

ok

Explanation:

ok what's the questioned

Answer:

Explanation:

Earned Income. The first type of income is the most common: earned income.

Capital Gains Income. The next type of income that you can earn is called capital gains income.

Passive Income. The final type of income that you can earn is called passive income.

Nov 25, 2019

Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.

Answers

Answer:

B. To help determine how much inventory to keep in stock of each item in the outlet, I would consider two factors. The first one is the certain amount of each item type in the first week - determining the number of each items input in the stock to be the original data to compare. The second is the number of items sold and still on stock. This would help determine invetory to keep in stock.

B. If I was running a store, I would prefer to use the pick up at store buying method. There would be cashier at the register to check the products and bills as well as receive money from the customers. This is the traditional and still always the most common methods. As the fact that people nowadays still like shopping in physical store, this is definitely the most effective method.

C. The inventory control method I would use when operating a store is to adopt modern technology like bar code to control the inventory stock. By using this technology, I would need to consider the bar code for each type and establishing software to automatically input the information about the number of items sold and in stock. With inputting the number of total items at the beginning and giving each item its corresponding bar code, the sales or number of stock would be tracked by the software.

D. An example of two commodities to be displayed together at store is pencil and rubber. Pencil and rubber undoubtedly are complementary products of each other. Complementary products are made to be used together. Each item requires the other for their complete uses. This is also the case of Rubber and Pencil and each item would not be fully used without the presence of the other.

Explanation:

What do smart companies do to account for depreciation?

A. lower their prices

B. locate cheaper vendors

C. put money in savings

D. purchase an insurance policy

Answers

Smart companies in a bid to account for depreciation put money in savings. Option C

This is further explained below.

What is depreciation?

Generally, The word "depreciation" is used in the field of accounting to refer to two different facets of the same concept: first, the real decline in the market value of an asset over time, for as the annual decline in the value of a manufacturing facility's equipment.

In conclusion, Companies that are financially savvy put money into savings in order to accommodate for depreciation. Alternative C

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Differentiate between GVA at basic prices and expenditure on GDP at market price

Answers

Answer:

Explanation:However, GVA at basic prices will include production taxes and exclude production subsidies available on the commodity. On the other hand, GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies

Why is it a good idea to invest in both bonds and stocks?

Answers

Stocks and bonds each have a different level of risk and behave differently in response to changes in the financial markets. They may also be key ingredients in your mutual funds.

Putting portions of your money into different types of investments could help you in case some of them don’t measure up.

Answer:

Diversifying your account by investing in both stocks and bonds provides protection because you can offset some, or all, of your losses in one investment with the gains in the other investment.

If supply increases and demand stays the same, there will be a

A) higher equilibrium price and quantity

B) lower equilibrium price and higher quantity

C) lower equilibrium price and quantity

D) higher equilibrium price and lower quantity

Answers

Answer: B) lower equilibrium price and higher quantity

Explanation:

Demand and supply simply shows the interaction that takes place between the producers and their consumers.

In a case whereby there's an increase in the supply for a product while the demand first change and remains the same, this will lead to a surplus, and hence there'll be a higher quantity.

Also, since there is surplus and the demand doesn't change, there'll be a reduction in the price of the product. Therefore, the correct option is B.

Answer:

the answer is B

Explanation:

what does NBT stand for?
For Life Orientation

Answers

Demystifying the NBTs | National Benchmark Test Project.

The NBT stands for National Benchmark Test.

What is NBT  (National Benchmark Test)?

NBT stands for National Benchmark Test. This is an examination set up by the National Benchmark Test Project The NBT test is a set of tests used to assess a learner’s academic literacy, general knowledge, and mathematical skill in an effort to measure academic readiness for university.

The NBT tests were implemented in 2008 and are managed by the Alternative Admissions Research Project at the University of Cape Town. NBT results are used by many universities as an extra admission criterion for applicants to their institutions.

They serve to complement and support, rather than replace or duplicate NSC results. The National Benchmark Tests (NBTs) is known to be a kind of assessment test that is given to first-year applicants to higher education.

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what is example of an interest leading to a career choice

Answers

Answer:

"I have always been interested in cars so I became a auto mechanic." or "I have always been interested in cars so I decided to work at a car dealership."

Explanation: A big interest that you have that leads you to pick a job related to that interest.

Question 7 of 10
Why might employee education be an important step in preventing security
breaches?
A. Some employees are tempted to sell their employer's intellectual
property
B. Many security breaches occur as a result of ignorance or
carelessness.
C. Education improves employee morale.
D. Disgruntled employees are often the source of security breaches
SUBMIT

Answers

Answer:

Explanation:

B

Many security breaches occur as a result of ignorance or carelessness: be an important step in preventing security breaches. Thus, option B is the correct option.

What is a security breach?

Any occurrence that allows unauthorized access to computer data, applications, networks, or devices is referred to as a security breach. As a result, unapproved access to information occurs. Usually, it happens when a burglar is able to get past security measures. There is a difference between a security breach and a data breach technically. A data breach occurs when a cybercriminal escapes with information, whereas a security breach is essentially a break-in.

Consider a burglar; the security breach would be when he scales the window, and the data breach would be if he took your laptop or purse. Information that is confidential has great value. Names and credit card numbers, for instance, may be purchased on the dark web and used for the purposes of identity theft or fraud.

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A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and take some of its customers. An example of a market risk is the risk that the economy might enter a recession, reducing sales. True or False: The company's shareholders would more likely demand a higher return due to the stock's firm-specific risk because it affects only that particular stock.

Answers

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

Dean Ayers, who was the Department Chair of the Accounting Dept. before he became Dean of Terry College, is an example of external recruiting, the advantages of which are that
(i) the new hire already knows company culture, background, and products;
(ii) the new hire can make a quicker and more meaningful impact in the new role;
(iii) demonstrates to other employees a potential career path that allows growth and development; and
(iv) the firm already is aware of the skills and potential of the candidate when making the hiring decision

Answers

Answer:

(ii) the new hire can make a quicker and more meaningful impact in the new role;

Explanation:

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