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hodyreva [135]
3 years ago
7

Melanie has a choice of driving or flying from Durham, North Carolina to Knoxville, Tennessee for a one-day business trip. If sh

e travels by air, she will be able to work seven hours in Knoxville, while if she drives, she will only have time to work four hours once there. Her expected income from each hour of work in Knoxville is $40. If Melanie a rational decision maker, she will chose to fly if and only if the price differential (air cost minus driving cost) is less than
a. $40.
b. $120.
c. $160.
d. $280.
Business
1 answer:
Elis [28]3 years ago
4 0

Answer:

Correct option is (b)

Explanation:

Time available for work if Melanie chooses to travel by air = 7 hours

Income per hour = $40

Total income earned if chooses to travel by air = 40 × 7 = $280

Time available for work if Melanie chooses to drive = 4 hours

Total income earned if chooses to drive = 40 × 4 = $160

Price differential = 280 - 160 = $120

As a rational decision maker, Melanie will choose to fly over drive only if her price differential is below $120. She will choose to drive if price differential is above $120.

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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,079 Retained earnings $90,36
GarryVolchara [31]

Answer:

$120,669

Explanation:

Ending Retained Earnings = Opening Retained Earning + Net Income - Dividends

therefore,

Ending Retained Earnings =  $90,369 +  $46,300 - $16,000 = $120,669

thus,

Ending balance in Retained Earnings be next year will be  $120,669

6 0
3 years ago
The market interest rate related to a bond is also called the
salantis [7]

Answer:

effective interest rate

Explanation:

The effective interest rate is the rate that an investor actually earns from investing in a bond. The effective interest rate is usually different than the interest rate stated on a bond (e.g. coupon rate).

It is also called market interest rate because bonds are sold in secondary markets at a different price than face value (usually bonds are sold at a premium or at a discount). That price at which the bonds are sold determine if the effective interest rate will be higher or lower than the stated interest rate of the bond.

5 0
3 years ago
Decisions today are becoming _____ complex, due to _____ uncertainty in the decision environment. Question 25 options: 1) less,
denis-greek [22]

The answer is option 4 more and increased.

Explanation:

Decisions today are becoming more complex, due to increased uncertainty in the decision environment.

Decision making is planning, organizing, directing and controlling the functions of a manager at achieving organizational goals.

It provides more information and alternatives, improves the quality of decisions and helps in strengthening the organization.

In the decision phase of the decision making process the managers construct a model that reduces the problem. The decision rights identify and define the framework for how they will be made through operating process and support tools.

6 0
4 years ago
Kenneth is admired as a manager because of his ability to work well with others to get things done. Which type of skill is Kenne
riadik2000 [5.3K]

Answer:

Is teamwork skills

Explanation:

Working well in a team mean:

Work with a group to achieve a goal or shared result effectively

Listen to team members.

Take into account the ideas of all the team

6 0
3 years ago
Read 2 more answers
Information technology has advanced dramatically within the last 25 years or so. At the same time there have been significant sh
Karo-lina-s [1.5K]

Answer:

Did the technology push the changes in the world, or was it the other way around? What evidence is opinion based upon or how did you draw your conclusions?

In my opinion the world started to change during the 1970s when Steve Jobs introduced the personal computer. Before him, only huge corporations could afford computers since they were huge and costed millions. Since then, information technology (IT) has increased in gigantic steps and when the internet was available for public use, the world as we know it changed.

When the world was struggling again during the great recession, my hero came back and changed the way IT industry again with the iPhone and the whole app culture. I am a little over 25, and I can tell that everything was very different when I was a small kid. You actually needed to read a newspaper and use encyclopedias (very large books).

Now everything is on the web and now most of us are even working using the internet. In just seconds we know what is happening in China or any other country in the world, while before all we heard about China was that were many Chinese and they were communists. IT has enabled whole new industries that boost the economy much more than any other manufacturing business ever had. The world would be a much different place if it wasn't for the Apple I, the internet or the iPhone.

4 0
3 years ago
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