Where a car loan fits into one's financial plan is long-term liability account
What is a long-term liability account?Long-term liabilities is otherwise known as long-term debts. Long-term liabilities are debts an organization owes a third-party creditors that are refundable after 12 months. This differentiates them from current liabilities, which an organization must pay within 12 months. In a balance sheet, long-term liabilities appear along with current liabilities.
Therefore, the correct answer is as given above. Long-term liabilities will afford the borrower the opportunity of enough time to work with such car or for such car to earn the money expended and as a result having the financial strength to refund the loan.
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One way of classifying law in Australia is by the ways in which it is made. There are two sources of law in Australia: common law and statute law.
Explain the difference between the way that laws are made in Australia through parliaments and through the courts.
which of these amounts is NOT a required minimum insurance for Colorado's Financial Responsibility Law?
a. $5,000 for parked vehicles
b. $15,000 Property damage
c. $50,000 for bodily injury to two or more persons in any one accident
d. $25,000 for bodily injury to one person in any one accident
Under the 4th Amendment, the police
can NOT do which of the following?
A. Search your vehicle for drugs if they see them in plain
sight during a traffic stop.
B. Search your home with a warrant signed by a judge.
C. Search your home for evidence of a crime with no
warrant.
Answer:
C
Explanation:
Its C because if the police search your of a crime with no warrant the police cant search any premisis with a warant
Answer: C
Explanation:
Under the 4th Amendment, law enforcement cannot search personal property (for example, home, vehicle, etc.) without a warrant.
Do you think the crime control model or the due process model is better for society? Why?
The due process model represents liberal ideals, while the crime control model represents conservative values.
What is crime control model and the due process model ?Which model shapes criminal justice policy at a particular period depends on the political environment. Due process rules and concepts dominated the criminal justice system in the politically liberal 1960s.
For instance, the due process model would state that a person is innocent until proven guilty by the courts as opposed to the crime control model, which would state that a person is guilty unless proven innocent by the courts.
Due Process and the Crime Control Model are only comparable in that they both relate to the structure of the US Constitution. They both support efforts to uphold the Constitution and values associated with our adversarial system.
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If your long-term financial goal is to retire as a millionare and you plan to invest at least $200 per month for 40 years, what rate of return would keep you from ending up a millionare based on the Building Wealth Charts?
If your rate of return is below 9.221%, it would keep you from ending up a millionaire (with a future value of $1m) after investing $200 per month for 40 years.
How is the interest rate determined?The rate of return is the interest rate required to achieve a financial goal (having a future value of $1m), especially with periodic compounding.
For instance, if an investor deposits at least $200 per month for 40 years, and the interest rate is up to 9.221% or above, the investor becomes a millionaire.
However, if the interest rate falls below this threshold, the investor ends up not a millionaire.
We can compute the interest rate using an online finance calculator, set to the following parameters.
N (# of periods) = 480 months (40 years x 12)
PV (Present Value) = $0
PMT (Periodic Payment) = $200
FV (Future Value) = $1,000,000
Results:
I/Y = 9.221% if interest compounds 12 times per year (APR)
I/Y = 9.621% if interest compounds once per year (APY)
I/period = 0.768% interest per period
Sum of all periodic payments = $96,000 ($200 x 480)
Total Interest = $904,000.0
Thus, to end up a millionaire by investing $200 monthly for 40 years, the compounding rate of interest should be above 9.22%.
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What is the truth about Arizona states’s lemon law
Arizona's lemon law says a manufacturer must replace or repurchase any nonconforming vehicle they or their authorized agents are unable to repair. However, the lemon law says the consumer must allow the manufacturer a reasonable number of attempts to correct the nonconformity.
What are two major options for paying for a new car?
Answer:
Explanation: You have two financing options: direct lending or dealership financing.
Direct lending means you're borrowing money from a bank, finance company, or credit union. ...
Dealership financing means you're applying for financing through the dealership. ...
Shop for the Best Financing Deal.
What is a policy?
(1 point)
O course of action
O record of expenditures
O characteristics of a population
O repossession of property
Answer:
A course of action :)
Explanation:
a policy is a set of plans for the future basically
Gary hires Hanna, an attorney, on a contingency fee to seek $100,000 in damages in a
personal injury suit against XYZ Corporation. If Gary wins. He must pay
O neither Hanna's fee nor court fees and other expenses.
O Hanna's fee only.
O Hanna's fee, court fees, and other expenses.
court fees and other expenses, but not Hanna's fee.
Answer:
Explanation: Gary hires Hanna, an attorney, on a contingency fee to seek $100,000 in damages in a
personal injury suit against XYZ Corporation. If Gary wins. He must pay
Hanna's fee, court fees, and other expenses.
Gary hires Hanna, an attorney, on a contingency fee to seek $100,000 in damages in a personal injury suit against XYZ Corporation. If Gary wins. He must pay Hanna's fee, court fees, and other expenses. Therefore option C is correct.
What are expenses?When an asset is utilized to produce income, its value decreases, which is referred to as a cost. Depreciation is a cost that is incurred over the course of an asset's useful life when it is expected to be utilized for an extended period of time. It is customary to charge an expense to expense as incurred if it is for something that will be consumed right away, like a salary.
An expense is often only recorded under cash basis accounting when a cash payment has been made to a supplier or an employee. When an asset's value decreases, an expenditure is recorded as previously mentioned under the accrual basis of accounting, regardless of any associated cash outflow.
If the cost of the asset purchase falls below the company's capitalization limit, it may be reported as an expenditure. The payment would have been recorded as an expense at a later time when the asset was used if the amount paid had exceeded the capitalization limit.
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Which of the following expert witnesses would testify on a case involving embezzling money from a company?
O Medical
O Forensic
O Financial
O Vocational
Girl: Ah, Finally, this is the moment!
Boy: Will you ever leave me
Girl: Nah!
Boy: Do you love me?
Girl: Yes, A lot!
Boy: Have you ever cheated on me?
Girl: Are you crazy?! Of course not!
Boy: Do you want to kiss me?
Girl: Everytime I get the chance!
Boy: Would you ever hit me?
Girl: Why are you even asking me this?! No!
Boy: Can I trust you?
Girl: Yes
Boy: Darling
Girl: Gasp No...
Boy: Will you marry me?
Now read it backwards
Answer:
Whats the question
Explanation:
Which of the following would be a good argument to buy rather than lease? a. “Money is really tight. I need the lowest possible monthly payment.” b. “It is very important for my image to drive the newest cars available.” c. “I’m only going to need it for a few years before I move back to Great Britain.” d. “I would prefer to walk out of the deal in the end with something to show for the money I put in.” Please select the best answer from the choices provided A B C D
"I would prefer rather to walk out of the deal in the end with something to show for the money I put in." This statement is a good argument to buy rather than lease and option (d) is the answer.
Does "lease" mean "rental"?However, the length of the contract is the main difference between a leased property and a rented property. Leases are usually short-term, usually a few months, as opposed to leases, which usually cover a longer period specified in the contract (usually he a year or more).
Buildings, land, and automobiles are examples of municipal assets that are leased. We also lease devices for businesses and industries. Thus, a lease agreement is basically a contract between a lessor and a lessee. However, leasing has lower upfront costs, lower monthly payments, and no resale hassles.
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Which attribute defines a socially disorganized neighborhood?
O wealthy and racially homogenous population
O poor and racially heterogeneous population
O middle-class and racially heterogeneous population
O wealthy and racially heterogeneous population
According to Bursik (1988), social disorganization is the inability of members of a community to attain values they share or to resolve issues they share.
What does it imply to be socially disorganized in a community?
According to Bursik (1988), social disorganization can be defined as a community's inability to realize the common values of its members and maintain effective social controls. As a result, communities that lack social organization are unable to effectively combat crime, which is a common goal or value among residents.
What is an illustration of social disorder?
Examples from the Social Disorganization Theory Consider living in a community where people constantly moved in and out, preventing relationships from being formed. People would be less likely to protect their neighbors if they did not know each other well.
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PLEASE HELP WILL GIVE 80 POINTS FOR THE RIGHT ANSWER AND BRAINLIEST AND 5 STARS!!!!, IF WRONG I WILL REPORT, PLEASE ASAPPP!!!!
Locke, who is frequently recognized as the father of contemporary "liberal" thought, developed the concepts of natural law, social contract, religious toleration, and the right to revolution, all of which were crucial to the success of the American Revolution and the subsequent U.S. Constitution.
What was Locke against?Locke's hostility to authoritarianism is a recurring theme in much of his writing. This is evident at both the individual and institutional levels, including those of the government and the church.
Natural rights, such as life, liberty, and property, according to Locke, are inalienable and cannot be taken away from people or even willingly waived by them. They were "inalienable" rights. Regarding Hobbes' view of the social compact, Locke also disagreed.
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