M-a-k-e- -a- -d-e-t-a-i-l-e-d- -s-o-l-u-t-i-o-n- -a-n-d- -e-x-p-l-a-n-a-t-i-o-n- -o-f- -h-o-w- -e-v-e-r-y- -o-f- -t-h-a-t- -a-m-o-u-n-t- -g-o-t- Automobile Lease vs. Purchase Costs AnalysisLEASE1. Initial DescriptionItem Descriptiona. Down payment (capital cost reduction)b. Security deposit2. Terms of lease and loan (years)3. Term of lease and loan (months) (item 2 x 12)4. Monthly lease payment5. Total payments over the term of the lease (item 3 x item 4)6. Interest rate earned on savings (in decimal form)7. Opportunity cost of initial payment (item 1 x item 2 x item 6)8. Payment/refund for market value adjustment at the end of the lease(P0 for closed-end leases) &/or estimated end-of-term charges9. Total cost of leasing (item 1a + item 5 + item 7 + item 8)PURCHASEItem Description10. Purchase price11. Down payment12. Sales tax rate (in decimal form)13. Sales tax (item 10 x item 12)14. Monthly loan payment (terms: 18.500_, 48 months, 7%)15. Total payments over the term of the loan (item 3 x item 14)16. Opportunity cost of down payment (item 2 x item 6 x item 11)17. Estimated value of the car at the end of the loan18. Total cost of purchasing (item 11 + item 13 + item 15 + item 16-item 17)2,200.00500.00Amount22,000.003,500.000.051,100.00443.0121,264.27560.0012,100.0012,324.27Amount2,700.00448350.0016,800.000.040432.000.0019,432.00

A lease is a contract wherein one party offers another party the right to use real estate or other…

Answered: 1. Initial Description Item Description…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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According to the conceptual framework, comparability and timeliness are aningredient of:FaithfulRepresentation/Relevance /Enhancing Qualitiesa. Yes -------------No ------------Yesb. Yes ------------Yes -------------Noc. No------------- Yes------------- Yesd. No------------ No --------------Yes
i need the answer quickly
G and H are mutually exclusive events. P (G) = 0.5 P (H) = 0.3 P( H | G) = 0.6 Find P (H OR G) Are G and H independent or dependent events? why?

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