Suppose You Want to Get "Plugged In" and Buy an All-Electric

question 116

Multiple Choice

Suppose you want to get "plugged in" and buy an all-electric Tesla Model S, the world's leading all-electric, zero-emission car that has a 265-mile range and can be recharged in three hours. The Tesla Model S Performance model has a list price of $87,500. However, you want several options (Performance Plus Package, red multi-coat armor paint, Tech Package, Sound Studio Package, home charging station, performance wheels, and others) that will cost $17,500. An extended warranty will add an additional $5,000. However, if you put $50,000 down now and finance the balance over the next year, you will receive a dealer rebate of $5,000 off the list price. The dealer will give you a $7,000 trade-in allowance for your 2008 Honda Civic DX four-door sedan. In addition, you will have to pay a state sales tax of $10,000, an auto registration fee of $1,000 to the state, and a $1,000 destination charge to ship and prep the car. But because the Tesla Model S is an alternative energy vehicle, you qualify for a $2,500 state rebate and a $7,500 federal tax credit! Finally, your total finance charge is $7,000. Applying the price equation, what is your final price for the Tesla Model S?

• A)$57,000
• B)$68,000
• C)$87,500
• D)$107,000
• E)$151,000

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Definitions:

Interpret Relative Ages

The process of determining the chronological order of geological events or rock layers without necessarily determining their absolute age.

Crosscuts

Geological features that intersect other features, often used in the context of veins or faults cutting across different layers of rock.

Relative Ages

The determination of the age of one feature, rock, or artifact in relation to another without specifying its exact age in years.

Igneous Rock

Rock formed from the cooling and solidification of magma or lava.