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belka [17]
3 years ago
11

People live for four periods. They can choose to work for all four periods, or can attend school in the first period and then wo

rk for the remaining three periods. If people do not attend school, their annual wage is $30,000 per period. If they do attend school, they earn $50,000. The cost of attending college is $28,000, the interest rate is 10 percent, and all people are identical. Do people go to school or not?
Business
1 answer:
blondinia [14]3 years ago
3 0

Answer:

People should disregard schooling and  thus work in the entire life period.

Explanation:

Condition 1--- Work throughout the 4 periods

The NPV = \frac{30,000}{1.1} + \frac{30,000}{1.1^2} + \frac{30,000}{1.1^3} + \frac{30,000}{1.1^4}

= 27,272. 7 + 24,793.3 + 22,539.4 +20,490.4

= 95,095.8

Condition 2 - Attend school and work later

The NPV = -28,000 + \frac{50,000}{1.1^2} + \frac{50,000}{1.1^3} + \frac{50,000}{1.1^4}

= -28000 + 41,322.31 + 37,565.7 + 34,150.6

=   85,038.61

Conclusion: Since the NPV of not going to school is higher, people should disregard schooling. They should work in the entire life period.

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When Jasmine interviewed for a position as a computer programmer, she was asked to take a test on a particular programming langu
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Performance

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She is asked to take a test to analyse here capability and understanding. The test she took is called 'Performance testing' it is a way toward deciding the swiftness, responsiveness and knowledge of a particular set of skill. It helps an organisation or a firm to pick the right candidate for the job. The organisations usually choose a candidate by analysing their  performance test.

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3 years ago
Chipman Sofware recently reported the following amounts in its unadjusted trial balance at its year-end:
gregori [183]

Answer:

What is allowance for doubtful debt?

This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.

1 Bad debts expense Dr   ($18,000 × 0.25%)  $45  

              To Allowance for Doubtful Accounts $45

(Being the bad debt expense is recorded)

2.  Bad debts expense $45        

          ($72 - $27)

              To Allowance for Doubtful Accounts   $45

(Being the bad debt expense is recorded)

3 Bad debts expense    $105      

           ($72 + $33)

           To Allowance for Doubtful Accounts $105

(Being the bad debt expense is recorded)

4 Allowance for Doubtful Accounts $15  

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(Being the allowance for doubtful accounts is recorded)

Learn more about allowance for doubtful debts here : brainly.com/question/25687295

Explanation:

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2 years ago
A broker-dealer and its agent are registered in State A. The agent tells a customer in State A that he is prohibited from making
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There is a violation of Uniform State Law because the agent has made an offer to sell an unregistered non-exempt security in that State

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The Uniform State Securities Law is also called blue sky law, and they are put in place at the State level to prevent fraud and to enforce security regulation.

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In the given scenario the agent is trying to make a non exempt security exempt by buying it from the client.

This is an attempt to sell the securities to investors through fraudulent means and it is a violation of Uniform State Law

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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them ar
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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.

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  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
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To know more about Quasi-contract visit:

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