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3 years ago

Not all types of work are covered by a minimum wage. True False

Business

2 answers:

baherus [9]3 years ago

8 0

True bc mainly restaurants serve minimum wage. if your major is a dentist or something then you'll get so much more (:

KiRa [710]3 years ago

7 0

the answer is true that not all jobs cover minimum wage

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4 years ago

Arista always spends 20 % of her income on whatzits. Assume that her income increases by some percentage while the price of what

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3 years ago

1. Use a financial calculator or computer software program to answer the following questions:

netineya [11]

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

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3 years ago

Use Annual Cost Analysis to determine whether Alternative A or B should be chosen. The analysis period is 5 years. Assume an int

emmasim [6.3K]

Answer:

A should be chosen, because its equivalent annual cost is $252.15 lower than Alternative B's.

Explanation:

a) Data and Calculations:

Interest rate = 6% per year

Alternative A Alternative B

Initial Cost 2800 6580

Annual Benefit 450 940

Salvage Value 500 1375

Useful Life (yrs) 5 5

Annuity factor = 4.212 for 5 years at 6%.

Present value factor = 0.747 for 5 years at 6%.

Alternative A Alternative B

Present value of

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PV of salvage value 373.50 1,027.12

Total present value

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Initial Cost 2,800 6,580

Net present value $531.10 $1,593.60

The equivalent annual cost

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($531.10/4.212) ($1,593.60/4.212)

Equivalent annual cost $126.09 $378.35

Difference:

Alternative B = $378.35

Alternative A = $126.09

Difference = $252.26

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