Tom is in dire need of a new washing machine. He knows what model he would like to get, but doesn't have the cash to pay for it. He plans to get a line of credit (credit card) at the store when he purchases his new washer. He found four different stores that carry the same washing machine for different prices. The lines of credit they offer also come with different APRs. Tom's primary goal is to minimize his monthly payment as he pays the washing machine off over the next 18 months. From which of the four stores should Tom purchase his washing machine? Store Price ($) Credit Card APR Bob's Nuts and Bolts $450. 00 21% Steve's Scratch and Dent $405. 00 22% Wally's Washing Machines $432. 00 19% Al's Appliances $475. 00 16% a. Bob's Nuts and Bolts b. Steve's Scratch and Dent c. Wally's Washing Machines d. Al's Appliances Please select the best answer from the choices provided A B C D.

"Scratch and dent" is a term used in the retail business to describe minor defects in things such as home furnishings. The dents and dings on these items are the consequence of warehouse damage or transportation.

Scratches and dents are largely cosmetic in nature, implying that the appliance or other device is still functional. The scratches or dents are mostly on the surface, and they detract from the appearance of the item. In many circumstances, damage will be seen in that location that is not visible when the product is in the home.

Tom hopes to reduce his monthly payment in this way so that he may purchase the machine from a "scratch and dent" business, where broken goods can be sold at much reduced prices.

Details of the response:

Grade: High School

Scratch and Dent is a business that sells scratched and dented cars.

Economics is the topic.

zb902700 zb902700 · Answer 2 · 2022-05-11T14:19:55+02:00

zb902700 zb902700

11-05-2022

Answer:

B

Explanation:

Steve's Scratch and Dent

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