Her failure to accurately determine how long the assignment would take best illustrates OVERCONFIDENCE. Overconfidence refers to a biased way of considering circumstances; it makes one to misjudge one's value, opinion or belief. In overconfident individuals, the subjective confidence in their judgement is greater than the objective accuracy of those judgements.
Answer:
Correct option is (C)
Explanation:
Given:
Sales revenue = $440,000
Cost of goods sold = $180,000
Gross profit is sales revenue less cost of goods sold.
Gross profit = 440,000 - 180,000
= $260,000
Other indirect expenses such as advertising, interest, salaries, utilities and income tax expenses are deducted from gross profit to arrive at net profit.
Answer:
b. does not relieve Bill of the potential obligation to perform.
Explanation:
An obligation is a legal bond (vinculum iuris) by which one or more parties (obligants) are bound to act or refrain from acting.
An obligation thus imposes on the obligor a duty to perform, and simultaneously creates a corresponding right to demand performance by the obligee to whom performance is to be tendered
Answer:
($65,118)
Explanation:
The computation of net present value is shown below:-
Machine cost = $320,000
Savings yearly = $62,000
Periods yearly = 6
PVIFA for 12% and 6 years = 4.111
Present value of cash inflows = Savings yearly × PVIFA for 12% and 6 years
= $62,000 × 4.111
= $254,882
Net present value = Present value of cash inflows - Investment
= $254,882 - $320,000
= ($65,118)
Answer:
(a) The estimated cumulative average material cost per square foot for the first five homes is $24.47.
(b) The estimated material cost per square foot for the last (16th) home is $19.34.
Explanation:
(a) If the cost its reduced by 8% every time the number of homes is doubled, we can express the cost of the first five houses as
C1 = C
C2 = C*(1-0.08)=0.92*C
C3 = C2 = 0.92*C
C4 = C2*(1-0.08)=0.92*0.92*C = 0.8464*C
C5 = C4 = 0.8464*C
Then, the average cost of the first five houses is
The estimated cumulative average material cost per square foot for the first five homes is $24.47.
For the 16th home, the number we can estimate that the number of homes double 4 times: at house number 2,4, 8 and 16.
Other way to calculate that is
We can write the cost of the 16th house as
The estimated material cost per square foot for the last (16th) home is $19.34.