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Ede4ka [16]
4 years ago
8

(20%) problem 7: your uncle is trying to convince you join his research team at cern by offering you a summer job that pays a wa

ge of w = 11 € (euro) per hour. the lab is d = 7.4 km from your uncle's house, where you would be staying. you know that you can bike 1 mile in t = 6 minutes. alternatively, you can borrow your uncle's car as long as you pay for gasoline. the car's gas tank has a capacity of c = 13 us gallons, and the price of gasoline is p = 1.41 €/liter.
Business
1 answer:
Nimfa-mama [501]4 years ago
3 0

Solution:

A)

Expected hourly income in $US  = rate * hourly income in Euro

= 1.2903 * 13 = $16.7739

B)

Time taken from uncle's house to lab = Distance /Speed

Distance is  8.5 km  

Speed is 1mile in 5 minutes  

 Hence converting mile in Kilometer = 1.609344 km in 5 minutes  

 distance traveled in an hour = 1.609344 *12 =19.312128

 Time = 8.5/19.312128  = 0.44013792783 hours = 26.408 minutes

 

C)

Capacity =13 US gallons  

1US gallon = 3.78541 litre

Hence 13 gallons = 13 * 3.78541

=49.21033 litres

 

D)

Gasoline = 1.41 Euro /litre

= 1.2903 * 1.41 = 1.819323 $ /litre

Hence 1 litre = 1.819323 dollar

1 gallon = 3.78541 litre  = 6.88688347743 dollar

Hence price = 6.88688347743 dollar /gallon

E)

we can travel 20 miles in 1 gallon  

= 1.609344*20 km  

capacity of tank =13 gallons  

total distance that can be traveled in 13 gallons = 1.609344*20*13 km = 418.42944 km  

days that can be traveled  = 418.42944/8.5 = 49.2269929412 days = 49 days

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The final cost of Dreamworld's warehouse is $1554000

Explanation:

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January 1,2021  300000              12/12  300000

September 1,2021  450000                  4/12  150000

December 31,2021  450000             0/12  0

Total                          1200000             450000    

Interest capitalized for 2021  54000  = 450000 into 12%  

Total expenditure till Jan 1, 2022  1254000  = 1200000 + 54000    

                          Expenditure  Time period  Average expenditure

Total expenditure

till Jan 1,2022         1254000       9/9            1254000

March 31,2022      450000          6/9                  300000

September 30,2022   300000  0/9                    0

Total                                                            1554000    

Therefore, the Option B $1,554,000 is correct  final cost of Dreamworld's warehouse.

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4 years ago
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Answer:

$21,000

Explanation:

Economic profit = accounting profit - implicit cost

Accounting profit= total revenue - explicit cost

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Implicit cost includes salary lost due to opening the shop and interest that could have been earned on the savings  

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Answer:

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