1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
The Keynesian LRAS Curve is composed of three phases. The LRAS Curve is nearly vertical in the third phase. What does this mean?
kogti [31]
C.

This is because all resources are almost being used and to their full potential, therefore there are few idle resources and thus is efficiency.
8 0
3 years ago
Suppose that American firms become more optimistic and, for any given interest rate, decide to increase investment expenditure t
sladkih [1.3K]

Answer:

Following are the response to the given question:

Explanation:

Investing price falls as companies become increasingly negative about investment. Lowering prices for capital will shift the expenditure curve. When total expenditures drop, the IS curve moves to the left. It will lead to a decline in productivity and interest rates in the context of the IS-LM model. Next, consider how the current account will operate (which is the trade balance of the nation). This is what we're seeing as just a paradigm for just a real balance of currency fluctuations. The S-I line swings from S-I1 to S-I2 as expenditures decline from I1 to I2. The currency rate is down and private consumption has risen. Its idea is that even the currency is little valuable as exchange rates decline. Exports to the rest of the world are thus cheaper. Foreign exchange is appreciated as well as the domestic market needs costlier goods. Exports will therefore decrease. Export growth and import reductions are going to improve the trade balance. It will boost the bank account.

5 0
3 years ago
Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $13.00
densk [106]

Answer:

$64,708 cost decrease

Explanation:

Calculation to determine the amount of differential cost increase or decrease from making the part rather than purchasing it

First step

Purchase cost =$13

Manufacturing cost = $11 (variable)

Profit in manufacturing =$13-$11

Profit in manufacturing=$2

Now let determine the amount of differential cost increase or decrease

Cost decrease by =$2*32,354

Cost ​decrease by $64,708

Therefore the amount of differential cost DECREASE from making the part rather than purchasing it is $64,708

4 0
3 years ago
Which of the Last year Tata Technologies reported $10,500 of sales, $6,250 of operating costs other than depreciation, and $1,30
nordsb [41]

Answer:  -$487.50

Explanation:

Last year income = Sales - Operating Costs - Depreciation - Interest

= 10,500 - 6,250 - 1,300 - ( 5,000 * 6.5%)

= $2,625 - tax

= 2,625 - ( 2,625 * 35%)

= $1,706.25‬

This year income = Sales - Operating Costs - Depreciation - Interest

=  10,500 - 6,250 - (1,300 + 750) - ( 5,000 * 6.5%)

= $1,875

= 1,875 - ( 1,875 * 35%)

= $‭1,218.75‬

Difference = This year income - Last year

= ‭1,218.75‬ - 1,706.25‬

= -$487.50

7 0
3 years ago
the changs, owners of forever 21, lacked some of the skills exceptional managers need. based on the management in action case, w
Dafna1 [17]

Based on the management in action case, the skill that they lack the most is known as the Conceptual skill.

<h3>What is a Conceptual skill?</h3>

This managerial skills are known as thinking skills that let you grasp complex ideas and come up with answers for difficult problems.

The leader that possess a conceptual skill can think through their ideas, transforming thoughts into action-driven solutions. The leaders with a a conceptual skills as seen as strategic leaders because of their ability to strategize about potential situations and how to resolve them.

Therefore, based on the management in action case, the skill that they lack the most is known as the Conceptual skill.

Read more about Conceptual skill

brainly.com/question/4382381

#SPJ1

7 0
1 year ago
Other questions:
  • apone has the following estimates for the upcoming year: Activity Cost Pool Estimated Overhead Cost Estimated Activity Machine-r
    11·1 answer
  • Tem Co. issued rights to its existing shareholders without consideration. A shareholder received a right to buy one share for ea
    8·1 answer
  • The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as
    9·2 answers
  • Project Rastarum is expected to generate $12,400 each year for the next 5 years, using, costing blizzent co. $40,000 today. if t
    15·1 answer
  • Manuela is known throughout her company for fostering collaboration and communication. She is extremely hands-on with her team.
    13·1 answer
  • Compare and contrast the U.S. Constitution and the Arizona Constitution. Discuss three findings that account for the significant
    10·1 answer
  • Creators foster the open exchange of ideas across functions and departments and cultivate rigorousdebate. In your own words, why
    10·1 answer
  • The direct method of reporting operating cash flows: ________
    14·1 answer
  • Suppose that Under Armor and Nike are the sole producers of a particularly comfortable athletic shoe. The two firms currently ch
    15·1 answer
  • Kelley Company and Mason Company each have sales of $200,000 and costs of $140,000. Kelley Company's costs consist of $40,000 fi
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!