Read each of the given problems and then select the best of the given answers in Problems
Question:
Read each of the given problems and then select the best of the given answers in Problems 3–29.
Ben wants to finance the purchase of a guitar that is priced at $1,500. He contacts ABC Finance Company, and they believe the value of the guitar to be worth 10% less than that, and their policy is to lend only 80% of the value of the guitar. What is the down payment?
A. $420
B. $1,320
C. $1,080
D. $1,350
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Value of guitar 09015...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
Read each of the given problems and then select the best of the given answers in Problems 329. When Melissa went to purchase a purse from a street vendor, she negotiated a purchase price that was 15%...
-
Read each of the given problems and then select the best of the given answers in Problems 329. How many prime numbers are less than 100? A. 23 B. 24 C. 25 D. 26
-
Read each of the given problems and then select the best of the given answers in Problems 329. In 2009, Pablo Sandoval (San Francisco Giants) had 633 plate appearances, with 189 hits and 25 home...
-
Procter & Gamble just received payment for a large export of Tide in the amount of 275,000 Denmark kroner (DKK). If the exchange rate is $0.1992 CAD per DKK, how many Canadian dollars will...
-
Effect of flow rate on exit temperature from a heat exchanger (a) Repeat parts (b) And (c) Of Problem 14A.2 for oil flow rates of 200, 400, 800, 1600, and 3200 lb m /hr. (b) Calculate the total heat...
-
Your consulting firm will produce cash flows of $ 100,000 this year, and you expect cash flow to keep pace with any increase in the general level of prices. The interest rate currently is 8%, and you...
-
Describe the activities of each department that participates in the execution of cash receipts transactions.
-
In Problems 5-15 and 5-16, three different forecasts were developed for the demand for fertilizer. These three forecasts are a 3-year moving average, a weighted moving average, and a trend line....
-
Assume the following table of one-way interactions between two computing nodes in an institution. Start A Destination B Distance (m) 20 D E 40 C D -15 B E 15 D B 10 E A C D -30 5 Table 2. a) Perform...
-
Read each of the given problems and then select the best of the given answers in Problems 329. Srens major bills are a variable-rate mortgage, car payments ($325/mo), food ($525/mo), and utilities...
-
Read each of the given problems and then select the best of the given answers in Problems 329. Lou figures that his monthly car insurance payment of $180 is equal to 35% of the amount of his monthly...
-
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool Co.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on January 1, 2014,...
-
Which contract attorney program, either fixed price or fixed fee, do you think is better? Can you think of any other way that a contract program could operate?
-
Do you think more of an effort should be made to increase public perception of public defenders given the amount of criticism they receive?
-
Given that indigent defendants have no right to choose the counsel that is appointed to them, what do you think should be the solution if they do not like the attorney appointed them or cannot work...
-
Do you think the two-pronged test announced in Strickland creates too high of a standard by which to judge the effectiveness of assistance of counsel?
-
If you were a defense attorney and thought that your client was guilty, how would you weigh this against your duty to ethically represent him or her and safeguard this person's rights?
-
Estimate the relative cost of grinding a steel part to a tolerance of 0.0005 in versus turning it to a tolerance of 0.003 in.
-
Respond to the ethical judgments required based on the following scenarios. Scenario 1. Assume you have collected a sample using MUS and that you have evaluated that sample to calculate a total...
-
Figure 11.33 shows a part of a chemical processing system in which propyl alcohol at 25°C is taken from the bottom of a large tank and transferred by gravity to another part of the system. The...
-
For the system designed in Problem 11.45, compute the total head on the pump. In Problem A sump pump in a commercial building sits in a sump at an elevation of 150.4 ft. The pump delivers 40 gal/min...
-
A sump pump in a commercial building sits in a sump at an elevation of 150.4 ft. The pump delivers 40 gal/min of water through a piping system that discharges the water at an elevation of 172.8 ft....
-
Use Earth's value of the gravity field, g = -9.8 for this problem. - m sec2 Position y (meters) GPE KE E (Joules) (Joules) (Joules) 6.00 47.04 0.00 47.04 5.00 4.00 31.36 15.68 3.00 2.00 1.00 0.00...
-
What can reflective statements be challenging in the oars model? Provide Explanation.
-
Identify your resistances according to the figure below: Black 0 Brown 1 2nd Digit Red 2 No. of Zeros Orange 3 1st Digit Tolerance Yellow 4 Green 5 Blue 6 Violet Gray White 7780 7 8 9 Fourth Band...
Study smarter with the SolutionInn App