Flora's Flowers Bought a New Van Last Year for $10,000

question 25

Multiple Choice

Flora's Flowers bought a new van last year for $10,000.It can now sell the van for $8,500.To buy this year's model of the same van it would have to pay $11,000.What is the implicit rental rate using the car for one year at a zero percent interest rate?

• A)$2,500
• B)$3,500
• C)$1,000
• D)$10,000
• E)$1,500

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Definitions:

Vietnamization

A policy of the Richard Nixon administration during the Vietnam War to end U.S. involvement in the war by expanding, equipping, and training South Vietnamese forces to take over combat roles.

South Vietnamese Troops

Armed forces of the Republic of Vietnam (South Vietnam), which fought against the North Vietnamese Army and Viet Cong during the Vietnam War.

San Antonio Independent School District V. Rodriguez

A landmark Supreme Court case in 1973, which ruled that disparities in school funding based on local property taxes do not violate the Equal Protection Clause of the Fourteenth Amendment.

Milliken V. Bradley

A significant Supreme Court case in 1974 that ruled against a proposed plan to bus students across district lines to desegregate schools, essentially reinforcing suburban school segregation.