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Sliva [168]
3 years ago
15

You plan to go to school this summer. If you​ do, you​ won't be able to take your usual summer job that pays ​$4 comma 000 for t

he summer. The cost of tuition is ​$3 comma 000 and textbooks cost ​$300. You live with your​ family, which covers your living expenses of ​$1 comma 600. What is your opportunity cost of going to school this​ summer?
Business
1 answer:
alisha [4.7K]3 years ago
3 0

Answer:

Opportunity cost = $7,300

Explanation:

Given:

Summer job pay = $4,000

The cost of tuition fee = ​$3,000

Textbooks cost ​=- $300

Opportunity cost = ?

Computation of opportunity cost of going to school:

Opportunity cost = Summer job pay + The cost of tuition fee + Textbooks cost

Opportunity cost = $4,000 + $3,000 + $300

Opportunity cost = $7,300

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During the great recession of 2008, the value of investments that most people have been significantly dropped. To ensure their financial safety, Consumer attitudes reacted into cautious spending because they're not sure when the market will recover from the situation.</span>
5 0
3 years ago
Suppose that $2000 is invested in an account that pays interest compounded continuously. Find the amount of time that it would t
PolarNik [594]

Answer:

It will take 13.2 years to reach $4,000.  

Explanation:

Giving the following information:

PV= $2,000

FV= $4,000

i= 0.0525

<u>To calculate the time required to reach the objective, we need to use the following formula:</u>

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8 0
2 years ago
Annual Worth and Capital Recovery Calculations U S. Steel is considering a plant expansion to produce austenitic, precipitation
Anna007 [38]

Answer:

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Explanation:

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initial investment = $13,000,000 + $10,000,000/1.1 = $22,090,909

annual costs = $1,200,000 x 5.0188 (PV annuity factor, 15%, 10 periods) = $6,022,560

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we must calculate an annuity that has a present value = $28,113,469 with a 15% discount rate and 10 years:

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7 0
3 years ago
If a customer is reluctant to try a new product because he would have to change his normal every day behaviors, the company is m
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5 0
3 years ago
Read 2 more answers
Marlow Company purchased a point of sale system on January 1 for $6,500. This system has a useful life of 5 years and a salvage
Travka [436]

Answer:

$1,560

Explanation:

The computation of the depreciation expense for the second year of its useful life is shown below:

First depreciation rate is

= 1 ÷ 5 ×2

= 40%

Now the depreciation expense for one year is

= 40% of $6,500

= $2,600

Now the depreciation expense for the second year is

= ($6,500 - $2,600) ×40%

= $1,560

3 0
3 years ago
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