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KiRa [710]
3 years ago
10

Kevin is an auto mechanic. He spends 33 hours when he replaces the shocks on a car and 22 hours when he replaces the brakes. He

works no more than 5454 hours a week. He routinely completes at least 44 shocks replacements and 66 brake replacements a week. If he charges ​$500500 for labor replacing shocks and ​$250250 in labor for replacing​ brakes, how many jobs of each type should he complete a week to maximize his​ income?
Business
1 answer:
ahrayia [7]3 years ago
8 0

Answer:

To maximize income, Kelvin should use 5445 hours to replace 165 shocks.

Explanation:

The number of hours taken for replacing the shocks is 1.5 times higher than replacing the brakes. (1.5 = 33 hours/ 22 hours)

While the income from replacing the shocks is double/ 2 times higher than replacing the brakes (2.0 = $500500/$250250)

It’s viable that replacing the shocks is more effective in term of income compared to hours  taken.

If Kevin use his maximum 5,454 hours a week for replacing the shocks, then he can replace 165 shocks and earn $82,582,500.

If the customer resource is unlimited, then it It is better to focus on replacing shocks only.

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Christy enjoys baking pies from fresh fruit, especially blueberries, blackberries, and strawberries. When she goes to the market
Bess [88]

Answer:

Christy's demand for blackberries is elastic.

Explanation:

Christy purchases blueberries, blackberries, and strawberries. When the price of blackberries rises to a small extent, Christy will instead purchase strawberries or blueberries.  

This shows that the demand for blackberries is elastic. Elastic demand refers to the situation when a small change in price causes the quantity demanded to change to a great extent.

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There are 2 methods of accounting for uncollectible receivables: Direct Write-Off and Allowance methods. Describe and compare th
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The direct write off does not report about the bad debt and does not use the allowance where as the allowance method uses the allowance for doubtful accounts because it provides an estimate for the same.

<u>Explanation:</u>

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The allowance method utilizes the stipend for doubtful records to catch amassed assessments of awful obligations. The direct write-off method does not report bad debt estimates; therefore, it does not use the allowance for doubtful accounts when reporting bad debts.

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4 years ago
Calculate the IRR of a machine that is purchased for $5,500, sold at the end of year 4 for $2,500, and produces the following ca
prohojiy [21]

Answer:

2.21%

Explanation:

The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.

The IRR can be determined using the excel IRR function as shown thus:

=IRR(values)

values are the cash flows from years 0-4

Find attached excel file for IRR computation

Download xlsx
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