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Elan Coil [88]
3 years ago
10

Edmund must pay $6 each for punk rock video cassettes, ????. Edmund is paid $24 per sack for accepting garbage, ????, and his re

latives send him an allowance of $48. Write an equation for Edmund’s budget line.
Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer: Edmond's budget line equation is 6V - 24G = 48

Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.

Let Punk video cassette = V

Garbage = G

Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances

6V - 24G = 48

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A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
3 years ago
Caveman Clubs Inc. tested a new graphite golf club that they have developed, Model X-5. They did a series of experiments with go
Ostrovityanka [42]

Answer:

The Answer is B. Quantitative data

Explanation:

The testing on the golf club, determined a improvement in the driving distance and this was measured numerically and showed in form of a percentage in comparison with average measurements.

When the information is presented with numerical data support, we can say its a quantitative data, because it tells us "how much?".

When the information is presented just with adjetives, telling us about the performance its a qualitative data, because it tell us "how things happened?"

A control variable is the data that is going to modified in order to see changes is the independent variable. In this case, the control variable  could be the weight of the club (assumption), and the independent variable the driving distance data(not percentage).

4 0
3 years ago
The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer w
qaws [65]

Answer:

The correct answer is False.

Explanation:

The amortization operation consists of regularly distributing the repayment of the principal (C0), together with the interest accrued throughout the life of the loan. The periodic payments made by the borrower are therefore intended to reimburse, extinguish or amortize the initial capital. This justifies the name of the depreciation transaction and the depreciation terms that are usually assigned to these payments.

8 0
3 years ago
Pam sees that the price of bananas has risen in the grocery store. All else equal, she decides to buy more tangerines than she n
Katyanochek1 [597]

Answer:

Option (c) is correct.

Explanation:

Given information states that bananas and tangerines are substitute goods. We know that the cross price elasticity of substitute goods is positive which means that there is a positive relationship between the price of one good and the quantity demanded for substitute good.

Therefore, in our case as the price of bananas increases and all the other factors remains constant then as a result the quantity demanded for tangerines increases.

3 0
3 years ago
A firm's annual stockholders' report ________. documents the list of all investors who bought the firm's shares during the past
Lapatulllka [165]

Answer:

summarizes and documents the firm's financial activities during the past year

Explanation:

A firm's annual report must include a comprehensive report about the firm's financial and operational activities throughout the year. The SEC requires public corporations to prepare and disclose quarterly reports (every 3 months) that are available to both stockholders and other people interested in them. Generally private companies are required to prepare at least one annual report.

8 0
3 years ago
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