Ask Question
BusinessBusiness
3 May, 22:44

Jim wants to buy a car, but he'll probably only need it for a couple of years. He has a short commute to work, so he won't be putting many miles on his vehicle. What's the best transportation option for Jim?

A Use his savings to buy the car in full

B Buy the car using an auto loan

C Lease the car

D Take public transportation

+5
Answers (1)
  1. 4 May, 01:59
    0
    The correct option is C

    Explanation:

    As Jim want to bought a car but needed for a couple of period and also he has to commute to work but will not be used for many miles. Therefore, the correct option would be to lease a car because leasing will provide the person all the benefits which he want from that particular asset, as it grant the the party right to its exclusive possession for a particular period under stated conditions, in return for periodic rental.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jim wants to buy a car, but he'll probably only need it for a couple of years. He has a short commute to work, so he won't be putting many ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
LO 8.4The variable overhead efficiency variance is caused by the difference between which of the following? actual and budgeted units actual and standard allocation base actual and standard overhead rates actual units and actual overhead rates
Answers (1)
Match each feature with the savings account type. Basic Savings Acount Cd allows money transfers has a maturity date allows ATM withdrawals offers a higher interest rate
Answers (1)
Montoya Group Inc. is an American firm based in Utah that manufactures and distributes mountaineering equipment such as carabiners, pulleys, harnesses, helmets, ice axes, crampons, etc.
Answers (1)
A firm that has the ability to control to some degree the price of the product it sells
Answers (1)
Which best describes the effect of globalization on china's economy?
Answers (1)
New Questions in Business
A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.
Answers (1)
the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?
Answers (1)
Someone who likes building, designing, or creating things probably has a (n)
Answers (1)
A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.
Answers (1)
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000.
Answers (1)
Home » Business » Jim wants to buy a car, but he'll probably only need it for a couple of years. He has a short commute to work, so he won't be putting many miles on his vehicle.
Sign Up Forgot Password?