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Akimi4 [234]
3 years ago
10

Rick eats only french fries and burgers at his office cafeteria. His weekly lunch budget is $48. Each burger costs $6 and each o

rder of fries costs $3. When deciding how much of each good to buy, Rick knows that 2 burgers and 4 orders of french fries will give him a utility of 8. At his utility-maximizing point, Rick's utility is:
Business
1 answer:
Artist 52 [7]3 years ago
4 0

Answer: 32

Explanation:

Since each burger cost $6

2 burgers = 6×2 = $12

Each fries cost $3

4 fries = 4×3

= $12

Total cost of his orders = 12+12 =$24

Since is weekly budget is $48

Hence,

48-32 = 8

Since he has 8 utility left. He only has a total order of $ 32

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Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $500 million. Its balance sheet shows $110
solmaris [256]

Answer:

The best estimate of its stock price per share is $11.20

Explanation:

To compute stock price per share, the equation is shown below:

= Total number of equity ÷ Outstanding number of shares

where,

Total number of equity = Total corporate value - Notes payable - long term debt - preferred stock

= $500 - $110 - $90 - $20

= $280 million

And , outstanding number of shares is 25 million shares

Now, apply the above equation

So, stock price per share = $280 million ÷ 25 million shares = $11.20

Other accounts like retained earnings, total common equity is irrelevant

Hence, the best estimate of its stock price per share is $11.20

6 0
3 years ago
Which of the following statements is true of franchisors?
denpristay [2]

Answer:

3. Franchisors may suffer a loss of control over how their technology and brand names are used.

Explanation:

If the brand name/reputation is tarnished somewhere, it affects every franchisor

7 0
3 years ago
An engineer invests $5,000 at the end of every year for a 40-year career. If the engineer wants $1 million in savings at retirem
Feliz [49]

Answer: 7%

Explanation:

Given data:

P = $5,000

r = ?

t = 40years

i = $1,000,000

Solution:

NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000

( F/A , i , 40 ) = $1,000,000 / $5,000

= 200

From compound interest table

( F/A , 7% , 40 ) = 199.636

Therefore the return for the investment would be 7%

5 0
3 years ago
All of the following are tests for determining qualifying child status except the ______.A. gross income testB. age testC. suppo
Viktor [21]

Answer:

a. gross income test

Explanation:

because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.

4 0
3 years ago
True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographi
zlopas [31]
True, it’s a good idea because it helps protect your home and other assets
3 0
2 years ago
Read 2 more answers
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