2a. What is the shortest loan (36 months, 48 months, 60 months or 72 months) that has a monthly payment within your $500 budget that will allow you to buy the $30,000 car? Answer: Through Bank of America, I found a rate of 2.99% for the 36, 48 and 60 month loans. We are able to put down 20% and will need to finance $24,000. The shortest loan period for the $30,000 car that would be under our $500 limit is the 60 month loan at a rate of $431.13 per month.
Ford founded the Ford Motor Company on June 16, 1903. The following month they sold their first car to a Detroit doctor. Ford wanted to make automobiles affordable for everyone, not just the rich. The Model T was invented with this in mind. Ford priced his first Model Ts at $850, undercutting the $2,000 cost of most early cars.
The emergence of mammoth business enterprises from 1895 to 1915 led to inevitable changes in managerial attitudes, business organization, and worker roles. * The Innovative Model T In 1913, Henry Ford established a moving assembly line to mass produce his standard automobile, the Model T. By dramatically reducing the time and costs of production, Ford managed to lower prices and expand sales and profits. The passage of the Federal Roads Act in 1916 established a national highway system. * The Burgeoning Trusts Standard Oil began a national trend among American big businesses toward oligopoly by swallowing up smaller competitors. By 1909, nearly one-third of the nation's manufactured goods were produced by only one percent of the industrial companies.
The proposal was negotiation about selling the Eagle brand tire in Sears. Goodyear reconsidered the proposal by Sears in 1992 because the decreasing in market. During 1987 to 1991 Goodyear decline an average of 3.2 percent in the tires market share for passenger car tires in the US. The loss from the sale fall through the Goodyear Tire dealers and warehouse membership club stores and discount tire retail outlets due to the increasing trend. Discounts and multi-brand dealers saw the market share grew by 8%, while warehouse clubs saw a growth of 6%.
Assignment 4.1 Model T Henry Ford has become an icon of American society. His dream was to build a car for the masses during a time when cars were a luxury only available for the wealthy. Ford created the Model T in 1908, igniting a revolution in America that changed manufacturing, transportation, and everyday life for the common man. When Ford first began producing the Model T, they were individually constructed by hand and took over twelve hours to complete. In order to make automobiles more accessible, Ford developed a way to automate the manufacturing process by using an assembly line to construct parts and assemble the chassis, thus lowering the price and highly increasing the efficiency.
In 1918 the same year that Chevrolet became part of General motors they released the first truck. The truck was based on the Model 490 car frame. Six years later Chevrolet opened another plant in Copenhagen, Denmark; it was the first plant outside the U.S. and helps put Chevy on top of Ford selling over one million car and tucks. Back in the United States during the spring of 1929 the Chevrolet Six was released called “a six for the price of a four.” It was called that because the other companies offered a four-cylinder engine for the same price. In 1934 Chevy started to innovate even more introducing independent suspension on the 1935 model master series.
b) Assuming the government collected $43 million in cigarette tax revenue last year. If the average price of a pack of cigarettes is $2.50, calculate how much of an effect this tax increase will have on (1) quantity of cigarettes consumed and (2) cigarette tax revenue. 6. Sony cut the price of its 42” HDTV plasma TV from $3000 in the first quarter of 2005 to $2500 in the second quarter. Sales increased from 25,000 to 30,000 a) Based on this information, what is your best estimate of the price elasticity of demand?
40 miles * 16.5¢/mile=$6.60 per trip * 3 trips/wk=$19.80/wk * 52wks/yr=$1029.60 per year in tax deductible transportation costs. 52. On April 1, 2010, Paul sold a house to Amy. The property tax on the house, which is based on a calendar year, was due September 1, 2010. Amy paid the full amount of property tax of $2,500.
Henry Ford was very famous for promoting this wonderful commodity that represented a new kind of freedom. It was a symbol of the American Dream, and everyone was striving to have the new product. “The automobile was the backbone of economic growth.” The first real automobile appeared in Middletown in 1900; however, it wasn’t until Henry Ford came around and created a mass production of automobiles that the machine that would provide easy travel would become popular. Although the automobile created such a wonderful freedom, many adults thought that it was tearing families apart. Teenagers were spending more time with their friends driving around instead of staying at home with their family.
VW has likewise propelled an inner request. With VW reviewing just about 500,000 autos in the only us, it has put aside €6.5bn (£4.7bn) to take care of expenses. The carmaker has said it will start reviewing autos in January. In any case, that is unrealistic to be the end of the monetary effect. The EPA has the ability to fine an organization up to $37,500 for every vehicle that breaks benchmarks - a greatest fine of about $18bn.