Which of the following documents will a bank issue in order to secure a loan with your personal assets?

A car rental agency rents 180 cars per day at a rate of 30 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe

photoshop1234 [79]

Answer:

Rate = $33

Maximum Income = $5445

Explanation:

Let x be the amount of increase in rental to achieve maximum profit.

So, Rate = (30+x)

When rate increase by x, the quantity decreases by (180 -5x).

Income = (30+x) * (180 - 5x)

Income = 5400 - 150x + 180x - 5x²

Income = -5x² + 30x + 5400

The income will be maximized when derivative of Income is zero.

Taking derivative,

dI/dx = 2 * -5x + 1 * 30x° + 0

-10x + 30 = 0
-10x = -30
x = -30 / -10
x = 3

The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.

Maximum Income will be,

Rate = 33

Quantity = 180 - 5(3) = 165 cars

Max Income = 33 * 165 = $5445

8 0

3 years ago

Read 2 more answers

Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow

Hunter-Best [27]

Answer:

6.442%

Explanation:

Given:

Amount borrowed from Wendy = $1,227

Charges on loan by Wendy = 4% = 0.04

Amount borrowed from Bebe = $1,143

Charges on loan by Bebe = 6% = 0.06

Amount borrowed from Shelly= $630

Charges on loan by Shelly = 12% = 0.12

Now,

Total cost of capital = $1,227 + $1,143 + $630 = $3,000

Weight of Wendy = $\frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}$

= $\frac{\textup{1,227}}{\textup{3000}}$

= 0.409

Weight of Bebe = $\frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}$

= $\frac{\textup{1,143}}{\textup{3000}}$

= 0.381

Weight of Shelly= $\frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}$

= $\frac{\textup{630}}{\textup{3000}}$

= 0.21

The weighted average cost of capital for Eric

= ∑ (weight × cost)

= 0.409 × 0.04 + 0.381 × 0.06 + 0.21 × 0.12

= 0.01636 + 0.02286 + 0.0252

= 0.06442

or

= 0.06442 × 100% = 6.442%

4 0

4 years ago

Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Overhead Total Man

igomit [66]

Answer:

The Missing Amounts are underlined and in bold text

Direct Materials Direct Labor Factory Overhead Total Manufacturing cost

(1) $42,900 $62,300 $52,300 $157500

(2) $78,000 $79,000 $142,000 $299,000

(3) $59,000 $138,000 $115,000 $312,000

Total Manufacturing Costs Work in Process (January 1)

Work in Process (December 31) Cost of Goods Manufactured

(1) $157500 $122,000

$84,600 $194,900

(2) $299,000 $123,000

$98,800 $323,200

(3) $312,000 $464,000

$58,000 $718,000

5 0

4 years ago

There are two primary means to earn income as a stockholder. The first method is dividend income and the second method is earnin

DerKrebs [107]

Answer:

1. Dividend Payment Requirements:

a. Common stock dividend rates are not fixed, unlike the preferred stock dividends. They are not cumulative like cumulative preferred stock. They are only paid when the directors declare them.

b. Preferred stockholders usually have a fixed rate of dividend. They have preference over common stockholders in dividend payments. Some preferred stockholders enjoy cumulative dividends, unlike common stockholders.

2. Common stockholders expect higher dividends than the preferred stockholders because they bear the residual business risks associated with the company.

Explanation:

Dividend income results when management declares it to be paid to the stockholders. They are usually paid out of earned income. The discretion to declare dividends lies solely with management. On the other hand, stockholders can decide to take advantage of the movements in stock prices at the stock exchange by earning capital gains through selling their shares. This income is not at the discretion of management insofar as the entity is being run profitably.

6 0

3 years ago

Should the firm instead shut down in the short run? in the short run, the firm should?

Gnesinka [82]

In the near run, the firm should keep producing because the price is higher than the average variable cost. In economics, the variable cost per unit is known as the average variable cost. Variable cost is divided by the output to derive the average variable cost.

In the short term, the firm use the average variable cost to determine whether to stop production. The variable cost per unit of total product is known as the average variable cost (AVC) (TP). Divide variable cost at a given total product level by total product to compute AVC. This computation is used to calculate the cost per unit of output.

To learn more about firm, click here.

brainly.com/question/14693807

#SPJ4

6 0

2 years ago