Leonard Owns an Auto Dealership

question 65

Multiple Choice

Leonard owns an auto dealership. This week he must order 61 new Ford Transits. If each Ford Transit costs Leonard $8,532, how much is his total purchase?

• A) $299,952
• B) $132.25
• C) $520,452
• D) $254,832

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Definitions:

Penalties

Sanctions or punishments imposed for breaking a law, rule, or contract.

Taxpayer

An individual or entity obligated to pay taxes to governmental authorities based on earnings or property ownership.

Securities Violations

Illegal activities involving the trading or handling of securities, such as insider trading, fraud, or manipulation of the market.

Due Diligence

A required standard of care that certain professionals, such as accountants, must meet to avoid liability for securities violations.