(27 Points)
You just bought your first new (used) car for $15,000. The car is out of factory warranty but the salesmen can offer you an extended warranty that is 5 years, 50,000 miles and covers the same items as a factory warranty for $2,000. Will you purchase it? Why or why not?

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?