<span>To find the cost of going to this college in four years, sum all the values given (9350 + 8630 + 1650 + 2140 + 1110), which gives $22,880 for attending. Subtracting 4500 for grants and 8630 for not having to live on-campus gives a value of $9750 required. Dividing this value by 48 months (the time left before he begins attending) gives an approximate value of $203.13 needed to be saved per month without any interest being added. To make sure that Caleb has enough if the $3.13 per month isn't made up by interest down the line, $300 should be saved each month.</span>
Answer:
$30
Explanation:
2/10 net 30 means the supplier extends 30 days credit to the purchaser. If the payment is made between 10 days and 30 days, no discount is allowed.
However if the payment is made within 10 days, 2% of net purchase price would be allowed as a discount by the supplier.
Now, Net Purchases = Total invoice price - freight - purchases returns
Net Purchases = $2150 - $150 - $ 500
Net Purchases= $1500
Rate of discount = 2%
Purchases discount = 2% of 1500= $30 will be allowed if the payment is made within the discount period.
People are often motivated to achieved anything. In the United States, personal success and professional achievement are important motivators is a true statement.
- The universalist assumption is based on the fact that the motivation process is universal and that all people are motivated to run after goals that they value.
Culture often affects specific content and goals, the specific nature of motivation is different in all cultures. in China, group affiliation; goal, social harmony are motivations for pursuing goals.
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Answer:
a higher price and produce a smaller output than a competitive firm
Explanation:
A monpolistically competitive firm is a firm that :
1. Sells differentiated products from other firms in the industry.
2. Has many buyers and sellers
3. Is a price maker
4. Has no barrier to entry or exist of firms
An example of a monpolistically competitive firm is a resturant.
A competitive firm is a firm that:
1. Sells identical goods with other firms in the industry.
2. Is a price taker . Prices are set by forces of demand and supply
3. Has many buyers and sellers
4. There are no barriers to entry or exist of firms.
When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.
While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.
A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.
The Major problem facing transportation in Ghana and around the world is the human capital and infrastructural issues.
<h3>
Human Capital</h3>
The importance of Human capital cannot be overemphasized in curbing the problems of transportation in Ghana and the world at large. Human capital must interface with physical capital to bring about good transport systems because physical capital will always remain out of existence without the input of human capital.
<h3>Infrastructure</h3>
Transport infrastructure is generally lacking in Ghana and sub-Saharan Africa. There is absence of well developed and functional infrastructure to drive the transport system. Such infrastructure include fast trains, durable roads etc.
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