Automobile leasing is actually just a long-term rental agreement with the lessor. True False
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- When you purchase a new car, the “sticker price” includes a “destination” charge. Are you purchasing the car FOB shipping point or FOB destination? Explain:Think of the last time you had to make a thoughtful purchasing decision. This could be any type of purchase from a car to a phone, or entertainment l. What questions did you ask when making your decision. How would your decision change if your considering the concept of substantially utility?Conduct research on a real-world retailers trade discounts and policies, and discuss the following questions. Which company did you choose? What do they sell? What is a trade discount? What products are subject to a trade discount? Describe the discount terms/program in detail. Give examples. Are there any restrictions? What incentive does this company have to give a trade discount? How does this discount benefit the buyer? If the buyer had to choose between receiving a trade discount or regular cash purchase discount, which would benefit them more? Why?
- Uber and Lyft are two popular ride-sharing services. Imagine that you are visiting New York City for a family vacation. You are trying to decide whether to use one of these ride-sharing services to get around the city or rent a car and drive yourself. Considering the perspectives of the passengers (your family), the drivers, and the company (Uber or Lyft), explain the following: A. why ride-sharing services have gained in popularity B. the financial considerations relevant to your decision C. the nonfinancial considerations relevant to your decision48352 1 A car dealer carries out the following calculations. What is the annual percentage rate? List price $5, 206.00 Options $1,625.00 Destination charges $ 200.00 Subtotal $ 7,031.00 Tax $ 431.58 Less trade - in $ 2,932.00 Amount to be financed $4,694.01 7% interest for 48 months $1,501.63 Total $6, 195.64 MONTHLY PAYMENT S 129.00 7.0% B) 11.7% 17.5% D 14,3% 13.7%You have decided to open up a small convenience store in your hometown. As part of the initial set-up process, you need to determine whether to use a perpetual inventory system or a periodic inventory system. Write an evaluation paper comparing the perpetual and periodic inventory systems. Describe the benefits and challenges of each system as it relates to your industry and to your business size. Compare at least one example transaction using the perpetual and periodic inventory systems (a purchase transaction, for example). Research and describe the impact each system has on your financial statements. Decide which system would be the best fit for your business, and support your decision with research.
- Assume you are considering opening a retail business. You are trying to decide whether to have a traditional brick-and-mortar store or to sell only online. Explain how the activities and costs differ between these two retail arrangements.Identify the pricing practices or policy: Launch of Mobile phones, Television by a new company Car rentals, TelecommunicationWhich of the following is most effective to show that you really know your target market? O Commitments to buy O Data from third party databases Surveys of potential customers Own personal expertise relationships O Prior sales
- Which of the following retailers would be the best fit for the Jackery product? (Highlight one answer) Amazon Walmart Cabela’s REI Explain your answerAccounting for Merchandising Businesses Computers have become a staple in the lives of most people. There are many companies that provide computers on the market. Assume that you are planning to purchase a new laptop for your school, work, and home use. Please go to the websites of two major United States computer manufacturers such as Dell, Hewlett Packard, Acer, Apple, etc. and make a selection. Once you have made your selection, please complete the following items and questions:Choose A, B, C, or D. Martin’s number one financial goal is to buy a car. The first step he should take in making this consumer purchase is to A : evaluate whether he can afford to buy and own a car. B : get preapproval from his bank for a car loan so that he can negotiate more effectively with car dealers. C : research all the different types of cars that might meet his needs to determine their safety, reliability, and fuel economy. D : evaluate whether he needs a car and, if so, what type of car he needs.
