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Alex777 [14]
3 years ago
6

Does it make sense for ethan to take a year off of school to raise the money?

Business
2 answers:
xz_007 [3.2K]3 years ago
7 0

Answer:

YES

Explanation:

taking a year off school means deferring school for a year and this is very necessary in situations where the student might not be able to meet up with the obligations associated with school either Financial or Academically.

As with Ethan's case he is about to take a year off to raise money for himself and probably to raise fees to pay his tuition and other bills like buying of textbooks and accommodation and association dues.

Taking a loan to finance his education is also an alternative that he should have considered but the cost of servicing a loan is much more expensive than taking a year off to raise the required money himself.

Vinvika [58]3 years ago
4 0
I would argue yes, you don’t want to borrow a loan because then they still charging fees if you don’t pay monthly. Taking a year of to earn money for school and not having to loan money is a great idea.
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Wanna join a pad let with me, ill send li nk,
ValentinkaMS [17]
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5 0
3 years ago
Bette and Jamal are partners at a management consulting firm.
kodGreya [7K]

Answer:

Jamal

Explanation:

Given that

Number of required slides = 50 slides

Creating slides Per hour = 15 slides

Bill amount per hour = $750

So by considering the above information, Bette's opportunity cost of creating slides would be

= Bill amount per hour ÷ creating slides per hour

= $750 ÷ 15 per hour

= $50

For making 50 slides, the opportunity cost would be

= $50 × 50 slides

= $2,500

And, Jamal opportunity cost is 30% lower, so it would be  

= $50 - $50 × 30%

= $50 - $15

= $35

And, the billing rate is 25% higher, so it would be

= $750 + $750 × 25%

= $750 + $187.50

= $937.50

So in one hour, it would be

= $937.50 ÷ 35 slides

= 26 slides

Based on the creating slides, the Jamal gains a competitive advantage over Bette

4 0
3 years ago
A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ord
Marianna [84]

Answer:

the total cost of ordering and holding sugar is $1,000 per year

Explanation:

<em>Step 1 Calculate the Economic Order Quantity(EOQ).</em>

EOQ = √(2×Total Demand×Ordering cost)/ Holding Cost per Unit

        = √(2×250×20×5)/20

        = 50

<em>Step 2 Calculate the total  cost of ordering and holding sugar</em>

Total cost = Ordering Cost + Holding Cost

                = (250×20)/50 × $5 + 50/2 × $20

                = $500+$500

                = $1,000

Therefore,  the total cost of ordering and holding sugar is $1,000 per year

3 0
3 years ago
The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, th
omeli [17]

Answer:

Right price =$33.50

Explanation:

<em>The theoretical ex-right price is the weighted average price at which shares are expected to settle after a right-issue,</em>

<em>It is the weighted average price of value of shares of the before-right price and the right price</em>

Ex-rights price

=(Before-right value of shares + Proceed from rights )/Total number of shares after rights issue

Number of rights issue units = amount to be raised /Right price per share

= $5.1 m/$30 = 170,000 units

Before - rights value = 1,207,000 × $34 = 41,038,000

Proceed from rights = 170,000 × $30 = 5,100,000

The ex-right price = (41,038,000 + 5,100,00)/(1,207,000 +170,000) units

Right price =$33.50

8 0
3 years ago
​A(n) _____ is a person who organizes and starts a​ corporation, negotiates and enters into contracts in advance of its​ formati
Nutka1998 [239]

Answer: Promoters

Explanation:

 A promoters is the person in an organization who start the corporate and manage the investors for the financial purpose. The promoters has ability to handle and also understand the actual requirement of the customers.  

 The main responsibility of the promoters is that they done all the necessary formalities regarding the organization investing registration and they also deal with the contracts in the business.

They also promote the company or organization by gain maximum project through the investing process.

6 0
3 years ago
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