Ask question

Ask question

All categories

2 years ago

9

Rina and Musashi are married, under the age of 65, and have four children under the age of 18. Musashi works full time and earns

$18,000, while Rina works part time and earns $9,000. Thus, in total, their family income is $27,000. Are Musashi and Rina living in poverty

1 answer:

Ipatiy [6.2K]2 years ago

5 0

Answer: Not at all

Explanation:

You might be interested in

Suppose you are a supply chain manager for De Beers Diamond co., and your job is to order components for a manufacturing facilit

Fed [463]

Answer:

100 units

Explanation:

Given that,

Annual demand (D) = 500 units

Ordering cost (S) = $5 per order

Holding cost (H) = $0.50 per unit per year

Optimal order quantity(Q):

$=\sqrt{\frac{2\times D\times S}{H}}$

$=\sqrt{\frac{2\times 500\times 5}{0.50}}$

$=\sqrt{\frac{5,000}{0.50}}$

$=\sqrt{10,000}$

= 100 units

So, the optimal number of diamonds to be ordered is 100 units.

4 0

2 years ago

One benefit of specialization is that it

tiny-mole [99]

-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.

8 0

3 years ago

Suppose one rental car company raises its prices and the rival car companies leave their prices unchanged. But when another rent

Karo-lina-s [1.5K]

Answer:

This situation is an example of cross Price elasticity of Demand

Explanation:

If change in Price in Rental Company A doesn't necessitate change in prices in Rental companies B.C.D.E & F

Then the products A has on offer are not close substitutes to the rival companies

However where Rental company G lowers his price and it immediately triggers a Price reduction in Companies B to F, then obviously they offer similar products that are close substitutes and serve similar segment or channel of the Market Size. Thus failure to lower their Price will automatically see Customers rent cars more from Company G.

This situation is an example of cross Price elasticity of Demand

7 0

2 years ago

You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an

Alex

Answer:

The withdrawals will be of $ 11,379.014 per month

Explanation:

Future value of the annuities:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 750.00

time 360(30 years x 12 monhs per year)

rate 0.008333333 (10% / 12 months)

$750 \times \frac{1-(1+0.00833)^{-360} }{0.008333} = PV\\$

PV $1,695,365.9436

$C \times \frac{(1+r)^{time} -1}{rate} = PV\\$

C 250.00

time 360 (30 years x 12 monhs per year)

rate 0.005 (6% / 12 months)

$250 \times \frac{(1+0.005)^{360} -1}{0.005} = PV\\$

PV $251,128.7606

Total 1,695,365.84 + 251,128.76 = 1.946.494,6‬

and from here we withdraw for 25 years:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 1,946,495

time 300 (25 years x 12 months)

rate 0.004166667 (5% / 12 months)

$1946494.6 \div \frac{1-(1+0.004167)^{-300} }{0.004167} = C\\$

C $ 11,379.014

6 0

2 years ago

1. What is an annual percentage rate?

Maksim231197 [3]

A credit card's interest rate<span> is the price you pay for borrowing money. For credit cards, the interest </span>rates <span>are typically stated as a yearly </span>rate. This is called the annual percentage rate<span> (</span>APR<span>). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

Hope this helps! :)</span>

6 0

3 years ago