Professional athletes attempting only to maximize income will defer larger salaries if DEFERRED PAYOUTS ARE ADJUSTED UPWARD TO COMPENSATE FOR FOREGONE INTERESTS.
If professional athletes, whose sole aim is larger income are asked to wait for sometime before collecting their salaries, with the promise that their incomes will be raise for the period of their waiting, then, most of them will gladly agree to the arrangement, since, they are sure of higher amounts.
        
             
        
        
        
Answer:
The Question is Incomplete; Full Question is as follows;
Using variable costing, what is the contribution margin for last year?
<em>Contribution Margin = $362,900</em>
Explanation:
Computation of expenditure margin by differential costing;
<em>Sales </em><em>Minus </em><em>variable cost </em>
= $1,558,000  
- Variable cost of Manufacturing(190,000 units *$1.84)
= $349,600
— variable sales and administrative costs(190,000 units *$4.45) 
= $845,500
= contribution margin = $362,900
<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>
 
        
             
        
        
        
<span>You are paying 11% interest on a credit card balance of $2,000. 
=> 2 000 * .11 =  220 dollars is the interest.
Next is to total or sum up the amount to be paid.
=> 2 000 + 220 = 2220 dollars 
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Answer:
a. 
Explanation:
Based on the information provided within the question it can be said that the statement that is true from the ones provided is that Wholesome will probably be able to pass the cost on to its customers because they are less sensitive to price increases than the average buyer. Wholesome Pet Foods is a high quality provider, meaning that their products tend to be more expensive, and even still they have been incredibly successful because their clients do not mind paying more for better quality product. Therefore an increase in price will not affect their loyal customers.
 
        
             
        
        
        
Answer: $1666.67
Explanation: 
 Given from the question 
 Principal (P) = $200,000
Rate= 10%
 Time= 20years
 The interest (I) on the first payment is the extra money that is to be paid in addition to the principal borrowed. 
 The interest for the first year has the formula:
 I = (P×R) ÷ 100
I= (200000×10) ÷100
 I = $20,000
 Therefore the extra amount to be paid on the loan of $200,000 that increases at a rate of 10% for the first year would be $20,000.
 The interest compounds monthly therefore, the payment on the first month would be
First Month Interest= 20,000÷12
 =$1666.67
 Therefore the part of the first payment that would be interest is $1666.67.