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wariber [46]
3 years ago
11

A price floor is found ___________ the equilibrium point.

Business
1 answer:
leonid [27]3 years ago
3 0
Underneath
because it's a floor haha
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Answer:

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Change in annual operating income from discontinued business:

Annual Operating Income would reduce by $78,000.

Explanation:

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b) The line of purses contributes $80,000 towards the company's fixed cost.  Therefore, discontinuing this line of business would lead to the loss of this steam of income.  The amount of reduced operating income will be $78,000 ($80,000 - 2,000).

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Answer:

You should buy the car.

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Note: See the attached excel file for the worksheet that shows calculations of the present values of the Lease and Buy Options.

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The Difference above shows that the total present value of Buy Option is greater than the net present value of Lease Option by $481.46.

Since the total present value of Buy Option of $4,135.47 is greater than the net present value of Lease Option of $3,654.01, you should buy the car.

Download xlsx
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FALSE</span>
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