Ask Question
BusinessBusiness
11 June, 12:27

Jim has $16,000 in savings, and he's considering a $15,000 car. He'll likely be driving quite a bit since he has a long commute to his downtown office from his house. In addition, Jim wants to keep a large savings safety net in his bank account. What's the best option for Jim?

+5
Answers (2)
  1. 11 June, 12:32
    0
    The best option for Jim would to be is looking for a car that's less if he wants to keep a large savings net in his bank account
  2. 11 June, 13:43
    0
    Jim should buy a cheaper and commute to work. Buying the $15,000 car will leave him with only $1,000. Sine the commute is long, the car appears necessary for the case. He'd better buy a cheaper car that will do the job. He will both acquired the car and saved a substantial amount o cash for future occasions.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jim has $16,000 in savings, and he's considering a $15,000 car. He'll likely be driving quite a bit since he has a long commute to his ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Charlie is thinking about starting a new business. The company would require $375,000 of assets, and it would be financed entirely with common stock. He will go forward only if he thinks the firm can provide a 11.
Answers (1)
As a politician, you would be more inclined to propose an increase in the minimum wage when you believe that the new minimum wage would:
Answers (1)
Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke. What can you say about Jon's marginal rate of substitution?
Answers (1)
Increased professionalism in police forces has been made possible by two-way radios, telephones, and automobiles. in what way has society not benefited from this increased professionalism
Answers (1)
Nell is considering forms of business organization for Optic Center, a medical eye clinic. An advantage of a limited liability partnership is that, depending on the applicable state statute, partners can avoid personal liability for a.
Answers (1)
New Questions in Business
The general ledger of Red Storm Cleaners has the following summary of the transactions for the year: 1. March 12 Provide services to customers, $60,000, of which $21,000 is on account. 2. May 2 Collect on accounts receivable, $18,000. 3.
Answers (1)
General Mills conducted focus groups to collect and interpret data to gain insights into customer preferences and loyalty. Which best describes the process General Mills has used? A. Determining the research design B.
Answers (1)
If the reserve ratio is 10%, and banks do not hold excess reserves, when the Fed purchases $10 million of government bonds, bank reservesA) increase by $10 million and the money supply could eventually increase by $10 million.
Answers (1)
What does a clean kitchen show an inspector about a restaurant? a. a clean kitchen shows that the person in charge is working their shift. b. clean kitchens show that the team is healthy and not sick. c.
Answers (1)
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10) $ 160,000 Direct materials and direct labor $ 96,000 Overhead (20% variable) 16,000 Selling and administrative expenses (all fixed) 32,000
Answers (1)
Home » Business » Jim has $16,000 in savings, and he's considering a $15,000 car. He'll likely be driving quite a bit since he has a long commute to his downtown office from his house. In addition, Jim wants to keep a large savings safety net in his bank account.
Sign Up Forgot Password?