In which type of economy is a business owner most likely to benefit from free enterprise?

Each day you have $5 for lunch. Today, you decided to save $2

prisoha [69]

Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

to save and store the purchasing power

Explanation:

The term money can be defined as a thing that serves as

A medium of exchange which is usually financial in nature.
It is used by the borrower to repay back to the lender-used to repay the debt.
It is used as an unit of accounting to measure your income and expenditure.
It is used to store the value of money -in other words used to save the purchasing power of an individual

Thus we can say that ,

Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

to save and store the purchasing power

8 0

3 years ago

Riverside Manufacturing designs and manufactures bathtubs for home and commercial applications. Riverside recorded the following

Gnoma [55]

Answer:

Explanation:

Variable MOH rate variance = Actual Hours × (Actual Rate - Standard Rate)

= 4050 × ($7.50 - $4.50)

= 12150

4 0

3 years ago

Holly would like to plan for her daughter’s college education. She would like for her daughter, who was born today, to attend co

Ugo [173]

Answer:

Holly must save $2845.81 at the end of each year

Explanation:

first calculate the value of tuition fees at n = 18

Cash flow formula = Tuition × $(1+0.07)^{n}$

Discounted CF formula = Cash flow ÷ $(1+0.10)^{year}$

10.00% 0

Year Cash flows Discounted CF

0 33,799.32 33799.32

1 36,165.28 32877.52

2 38,696.84 31980.86

3 41,405.62 31108.66

FV = $129,766.37

PV = 0

N = 18

rate = 10%

using PMT function in Excel

Annual contribution = $2845.81

4 0

3 years ago

A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva

just olya [345]

Answer:

22%

Explanation:

Net income = Annual cash flow - Depreciation

Net income = 24350 - (80,000-5,000 / 5)

Net income = 24350 - 15,000

Net income = $9350

Average investment = Beg. value + End. Value / 2

Average investment = 80,000 + 5,000 / 2

Average investment = $42,500

Annual rate of return = Net income / Average investment * 100

Annual rate of return = $9350 / $42,500 * 100

Annual rate of return = 0.22 * 100

Annual rate of return = 22%

7 0

3 years ago

Read 2 more answers

You're deciding whether to install an $800 moonroof and a $400 security system in your car. Suppose the marginal benefit from th

blsea [12.9K]

Answer:

Install Security System

Explanation:

The security system should always be purchased, because, the marginal benefit of the security system is higher than the marginal cost of this system.

The marginal benefit of the security system is $600, the marginal cost of this system is $400.

In Moonroof marginal benefit is lesser than its marginal cost.

8 0

2 years ago