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3 years ago

The one-to-one property of natural logarithms states that if ln x = ln y, then

1 answer:

5 0

<span>If ln x = ln y, then x=y. Because ln is the constant on both sides of the equation, therefore, ln cancels itself out, leaving x equaling y.</span>

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Nathan has been unable to trust banks since the failure of his savings and loan bank. He claims that storing his hard-earned mon

Lerok [7]

Answer:

Nathan's contention is wrong.

Explanation:

Storage of money at home involves the opportunity cost of losing out on income that would've been generated had the same money been invested elsewhere or deposited with a bank.

Secondly, money stored at home is vulnerable to theft and other forms of risks.

Thirdly, stored money at home does not contribute to any economic benefit since such money is out of circular flow of money in the economy. So it yields no return.

Thus, Nathan's contention of stored money at home being costless is wrong.

4 0

3 years ago

YOUR ASSIGNMENT: 1. You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your inc

joja [24]

Answer:

GHVTUFFTUFT

Explanation:

7 0

3 years ago

You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound

Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

$15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\$

we clear for n as much as we can and solve

$(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}$

$(1+0.004)^{-n}= 0.20$

now we use logarithmic properties to solve for n:

$-n= \frac{log0.2}{log(1+0.004)$

-403.16

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0

3 years ago

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

Xelga [282]

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products M N O

Current sales mix 3 1 2

Unit sales price $16 $11 $13

Unit variable costs 10 9 10

Unit contribution $6 $2 $3

Contribution margin per

composite unit $18 $2 $6

= ($6 * 3) ($2 * 1) ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product. Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

5 0

3 years ago

Q1. Big Money Monster is a business school. The school bases its budgets on two measures of activity: number of students and num

maxonik [38]

Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

Fixed cost Variable cost Variable cost Total

per month per student per course

Faculty wages $4,000 $0 $20

Course supplies $1,000 $10 $50

Administrative expenses $2,000 $20 $30

Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

Fixed cost Variable cost Variable cost Total

per month per student per course

Faculty wages $4,000 $0 $20 $4,300

Course supplies $1,000 $10 $50 4,750

Administrative expenses $2,000 $20 $30 8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

Actual Cost of Course Supplies = 4,800

Spending variance for Course Supplies = 50 Unfavorable

4 0

3 years ago