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In-s [12.5K]
3 years ago
6

Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f

or a complete set of photographs that cost her $2,200 to print and develop. Suppose that on one Saturday Debbie photographs her niece's wedding without charge, but her niece insists on paying Debbie $2,200 to cover her printing and developing costs. What is Debbie's economic cost of photographing her niece's wedding
Business
1 answer:
myrzilka [38]3 years ago
7 0

Answer:

The economic cost for Debbie is 6,200 after considering the implicit cost.

Explanation:

The economic cost for Debbie's will be the explicit cost and opportunity cost of the best rejected opportunity.

Explicit cost:         2,200 print and develop

Opportunity Cost: 4,000  normal wedding revenue

Total Cost:             6,200

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Michele had been working as an executive assistant to the president for nearly 25 years, so when she retired, no one had a good
gregori [183]

Answer: Job analysis

Explanation: Job analysis refers to the analysis performed for the placements of the job in an organisation. In simple words, it is focused on knowing the human requirements needed to perform a task.

In the given case, Sharon is trying to understand the know how of the job she is going to perform from Michele. She is trying to learn the functions she has to perform on her duties.

Hence we can conclude that Sharon is performing job analysis.

7 0
2 years ago
Bramble Corp. sells MP3 players for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 playe
VMariaS [17]

Answer:

Break-even point in units=  14,000 units

Explanation:

Giving the following information:

Selling price= $60

Variable costs are $30 per unit

Fixed costs total $120,000.

Desired profit= $300,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Break-even point in units= (120,000 + 300,000) / 30

Break-even point in units=  14,000 units

3 0
3 years ago
Hudson Corporation will pay a dividend of $2.82 per share next year. The company pledges to increase its dividend by 3 percent p
Brilliant_brown [7]

Answer:

An investor will be willing to pay $40.29 for this stock.

Explanation:

A constant growth dividend discount model will be used in this case because Hudson Corporation is expected to grow at a constant rate. The formula to be used is:

Price = Expected Dividend (Dividend of Year 1) / Required Return - Growth Rate

                                                          OR

Price = 2.82 / (.1 - .03) = 2.82 / .07 = $40.29.

Thanks!

5 0
3 years ago
You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annu
drek231 [11]

Answer:

5000 at 6%

6000 at 11%

Explanation:

Given that :

Total principal = 10000

Let :

Principal invested in business A = x

Principal invested in business B = y

Interest = Principal * rate * time

(x * 6% * 1) + (y * 11% * 1) = 900

0.06x + 0.11y = 900 - - - - (1)

x + y = 10000 - - - (2)

From (2)

x = 10000 - y

Put x = 10000 - y in (1)

0.06(10000 - y) + 0.11y = 900

600 - 0.06y + 0.11y = 900

600 + 0.05y = 900

0.05y = 900 - 600

0.05y = 300

y = 300 / 0.05

y = 6000

x = 10000 - y

x = 10000 - 6000

x = 5000

8 0
2 years ago
A limit buy order is an order to buy if the stock price goes ___ a specified level; a stop buy is an order to buy if the stock p
Lelechka [254]

Answer:

YES

Explanation:

8 0
3 years ago
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