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harkovskaia [24]
3 years ago
7

Rodney Blevins is a vacuum cleaner salesman. He earns a 22 percent commission on every vacuum cleaner he sells. In the month of

December, Rodney sold 10 vacuum cleaners costing $1,258.00 each. What is Rodney’s commission for the month of December?
Business
1 answer:
lakkis [162]3 years ago
3 0
The commission for the month of December is $2,767.60

Solution:
(1,258*10)= $12,580 we apply the 22% to that result and we obtain $2,767.60
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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,600 monthly. The contract currently sells for $117
Tanzania [10]

Answer:

The monthly return on this investment vehicle is 1.37%

Explanation:

A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.

Monthly return will be calculated using following formula:

Present value of Perpetuity = Perpetuity Received / Interest rate

$117,000 = $1,600 / r

r = $1,600 / $117,000

r = 1.37%

Monthly return on the perpetuity is 1.37% for this perpetuity.

4 0
3 years ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
vekshin1

Answer:

c. Inferior

Explanation:

Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.

4 0
3 years ago
Find the future value of a five-year $113,000 investment that pays 10.00 percent and that has the following compounding periods:
Sati [7]

Answer: Future Value FV = 169,500

Explanation:

The information given to us are;

Present value PV = 113000

Interest R = 10% = 0.01

number of years T = 5

Future value FV = ?

So using the formula

FV = PV * [1 + (R * T)],

We input our value

FV = 113000 * [ 1 + ( 0.1 * 5) ]

FV = 113000 * [ 1 + 0.5]

FV = 113000 * 1.5

FV = 169500

3 0
3 years ago
In the absence of government regulation or private negotiation, firms will pollute less than the economically optimal amount.
juin [17]
Wrong in absence of gov. there will be no laws to abide so essentially they can do as they please.<span />
7 0
3 years ago
Which of the following represents procurement as part of the support value activities in a value chain​ analysis?
ArbitrLikvidat [17]

Answer:

E. Purchasing inputs such as raw materials, resources, equipment and supplies

Explanation:

In business, <u>Procurement</u><u> </u>is the process of acquiring goods/services in order to support operational activities.

It includes all the aspects related to a purchase: price ( estimates, biddings ) , payment terms, good specifications, quality, delivery, volumes, etc.

8 0
3 years ago
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