Author Question: If you are undecided as to whether you should rent or buy a piece of equipment that you use on a ... (Read 85 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
If you are undecided as to whether you should rent or buy a piece of equipment that you use on a regular basis, what steps can you take to help make your decision?

Question 2

What are the two types of income that are included in a budget? Give an example of each.



jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

Calculate the annual cost of renting the equipment. Then calculate how many years it would take for the rental price to exceed the purchase price. If the rental price quickly exceeds the purchase price, it may be a good idea to purchase the equipment.

Answer to Question 2

fixed income, example: weekly wages or monthly salary; variable income, example: stock dividends



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

For a complete list of videos, visit our video library