Kangaroo Autos is offering free credit on a new $13,500 car. You pay $1,500 down and then $400 a month for the next 30 months. Turtle Motors next door does not offer free credit but will give you $1,070 off the list price.   a. If the rate of interest is 0.70% a month, calculate the present value of the payments to Kangaroo Autos. (Do not round intermediate calculations. Round your answer to 2 decimal places.)           b. Which company is offering the better deal?   multiple choice Turtle Motors Kangaroo Autos

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.