Answered: What is the main advantage for an LLC…

What is the main advantage for an LLC or Corporation? Select one: O a. taxes O b. to avoid personal liability O c. to raise capital O d. easy to create

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 4SCQ: Which has a higher average return over time: stocks, bands, or a savings account? Explain your...

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Question

What is the main advantage for an LLC or Corporation?
Select one:
O a. taxes
O b. to avoid personal liability
O C.
to raise capital
O d. easy to create

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5.6 Show What You Know - Buying vs Leasing A Vehicle /22 1. Tyler is a contractor in Winnipeg and needs a new truck for his business. The total purchase price is $59 300.45. He has $5000 saved for a down payment. He needs to decide whether he should buy or lease his vehicle. When you buy or lease a new vehicle you need to pay Federal and Provincial sales tax. Buying Option: O The loan for the purchase includes the taxes and must be repaid in 48 monthly payments of $1195.49 plus the down payment. Leasing Option: O There are 48 monthly payments of $720.25 plus taxes plus the down payment. O The purchase price at the end of the lease is $27 100. a. What is the total cost to buy the truck? b. What is the monthly lease payment including taxes? c. What is the total cost to lease for 4 years? d. What is the cost to buy the truck at the end of the lease? e. How much will Tyler have spent in total if he buys the truck after the four year lease? f. What would you suggest Tyler do and why?
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