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3 years ago

2. Distinguish between economic and non-economic wants.

Business

1 answer:

bulgar [2K]3 years ago

4 0

Answer:

Difference among the economic wants and the non- economic wants is shown below:

Explanation:

Wants is the term which is described as the desires for the things that the person or an individual may or may not actually require or needed.

a. Economic wants

1. Economic wants are those wants which generally known as the desires and are usually satisfied or fulfilled after taking or consuming he service, goods or in other cases leisure.

2. Economic wants is spending money in order to satisfy the want or the desire.

b. Non - economic wants

1. Non- economic wants are those wants which are generally the human needs, that is required or needed to be satisfied without involve the monetary cost or the value.

2. It might involve the water, air.

3. These are those wants that could be fulfilled without spending the money.

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muminat

Answer:

1) initial outlay = $2,460,000 + $220,000 = $2,680,000

depreciation expense year 1 = $819,918

depreciation expense year 2 = $1,093,470

depreciation expense year 2 = $364,326

book value at end of year 3 = $182,286

net cash flow year 1 = [($2,000,000 - $711,000 - $819,918) x 0.65] + $819,918 = $1,124,821.30

net cash flow year 2 = [($2,000,000 - $711,000 - $1,093,470) x 0.65] + $1,093,470 = $1,220,564.50

net cash flow year 3 = [($2,000,000 - $711,000 - $364,326) x 0.65] + $364,326 = $965,364.10

terminal value (year 3) = [($182,286 - $300,000) x .65] + $220,000 = $143,485.90

NPV = -$92,854.95

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3 years ago

ou are the loan department supervisor for the Pacific National Bank. The following installment loan is being paid off early, and

satela [25.4K]

Answer:

$56.74

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the problem

Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74

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4 years ago

Keith is a trainer for a new computer software company and is responsible for teaching people the skills required to use the var

BaLLatris [955]

Answer:

To demonstrate the usage of company products and train employees.

Explanation:

The main purpose of the presentations that Keith is providing to the employees of the software company is to impart complete knowledge of the products to the employees. It is of utmost importance that each employee has complete understanding of the products and services provided by the company and know how to use them.

If any employee fails to understand the usage of the product, he will automatically fail to bring progress to the company as a whole.

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3 years ago

a While troubleshooting a problem, you realize the problem is caused by a complex series of issues that will affect a large numb

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The next step to undertake in the troubleshooting process is:

To document the incident

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This refers to the various ways through which a person assesses a problem and eliminates them.

In the troubleshooting process, we can see that there are various processes which includes: Information gathering, analysis, implementation, etc.

However, as the problem is caused by complex issues, it is best to document the incident so that it can be more carefully analysed.

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3 years ago

Classy Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includin

Alina [70]

Answer:

a. Contribution margin per passenger = $40

b. Contribution margin ratio = 50%

c. Operating Income = $160,000

d. Operating Income = $27,500

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Contribution margin per passenger = $80 - $40

Contribution margin per passenger = $40

b. Contribution margin ratio = Contribution margin per passenger / Ticket price per passenger

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Contribution margin ratio = 50%

c. Contribution margin per passenger = $40

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Operating Income = $160,000

d. Sales revenue = $775,000

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Total Contribution =$387,500 ($775,000 * 50%)

Fixed Costs = $360,000

Operating Income = $27,500

7 0

3 years ago