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Vsevolod [243]
3 years ago
7

In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to p

ay the room rent for the full college year. One clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. The dorm cost was $5000 for the two semesters, which Jay had already paid A month after he moved into the dorm, he decided he would prefer to live in an apartment. That week, after some searching for a replacement to fulfill his dorm contract, Jay had two offers. One student offered to move in immediately and to pay Jay $300 per month for the eight remaining months of the school year. A second student offered to move in the second semester and pay $2500 to Jay. Jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. His share of the apartment rent and utilities will be $390 per month. Assume each semester is 4.5 months long. Disregard the small differences in the timing of the disbursements or receipts. What is the cost of the cheapest alternative?
Business
1 answer:
Vesna [10]3 years ago
8 0

Answer:

The cheapest alternative is: $300 a month immediately.

Explanation:

Giving the following information:

The dorm cost was $5000 for the two semesters

Jay had already paid a month after he moved into the dorm.

Jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment.

His share of the apartment rent and utilities will be $390 per month.

Each semester is 4.5 months long.

Alternative A:

One student offered to move in immediately and to pay Jay $300 per month for the eight remaining months of the school year.

Income= 300*8= 2400

Apartment rent= (3120)

Food= (3600)

Total= (4320)

Alternative B:

A second student offered to move in the second semester and pay $2500 to Jay.

Income= 2500

Dorm rent= (5000/9)*3.5= (1944)

Apartment rent= (1755)

Dorm food= 500*3.5= (1750)

Apartment food= (2025)

Total= (4974)

Alternative C:

Stay in the dorms

Dorm rent= (4444.44)

Dorm Food= (4000)

Total= $8444.44

<u>The cheapest alternative is A.</u>

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Lapping is best described as the process of________.
Mamont248 [21]

Answer:

b. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts is the correct answer.

Explanation:

  • Lapping is best described as the process of applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.
  • Lapping is an illegal mode of allotting one consumer's cash to another consumer's account.
  • Lapping usually occurs in smaller businesses where a single person manages payment receipts and consumer billing.
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5 0
3 years ago
Media planners seek to reach the largest possible percentage of their target audience with no monetary limitations.
CaHeK987 [17]

As regards media planners trying to reach a large percentage of their target audience with no limitations, this is <u>False</u>.

<h3>Why is this statement false?</h3>

The ultimate goal of a company is to reduce costs and make more profit. As a result, media planners try to keep costs as low as possible when engaging in ad campaigns.

This means that they try to reach the largest percentage of people they can reach, with limitations placed on them.

In conclusion, this is false.

Find out more on media planners at brainly.com/question/7289927.

4 0
1 year ago
You are writing a recommendation report on which vendor of audiovisual services to hire for your company's annual conference. Th
amm1812

Answer:

I suggest you delay your choice until you learn more of Zenith's current management

Explanation:

The management is just a position that doesn't carry the same character. Every manager carries different values and principles and one person might be satisfactory to you while another might not be. The new management may have some characters which might be off-putting to you and might ruin the company's conference. Best to go with what you know than what you don't.

4 0
3 years ago
NorthRim Inc. (NRI), imports extreme condition outdoor wear and equipment from The Allofit Territories Company (ATC) located in
olga nikolaevna [1]

Answer:

a

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3 0
2 years ago
Now suppose that Congress, concerned about the welfare of the working class, passes a law setting a minimum wage that is 10 perc
zlopas [31]

Answer:

hello your question is incomplete attached below is the complete question

A )   $7.766

B )   4350 workers

C )   61777.20

D )    $33782.10

Explanation:

A) Real wage = 4 *  (\frac{K}{L} )^{0.2}

 where ; K = 120000,  L = 7000

   hence Real wage = 7.06  before 10% increase

After 10% increase ; Real wage =  7.06 + (7.06 * 0.1 )  = $7.766

B) employment ( L )

L = \frac{4^5 * K}{W^5}   =  L = \frac{1024*120000}{28247.95}  =  4350 workers

C) Output

Y = 5 ( 120000 )^0.2  *  (7000)^0.8

    = 61777.20

D) Total amount earned by workers

      L * W = 4350 * 7.766

            =  $33782.10

3 0
3 years ago
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