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Arlecino [84]
3 years ago
5

Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it

is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $112 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 112 Across Town 30 89 Neighboring City 60 70 Juanita makes $26 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $26 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Business
1 answer:
shutvik [7]3 years ago
6 0

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

                 travel-time* Price   **Opp. Cost    Economic Cost

local department    30     $ 112.00   $ 13.00           $ 125.00

across town          60     $ 89.00   $ 26.00   $ 115.00

neighboring city 120     $ 70.00   $ 52.00   $ 122.00

*travel-time we multiple the time it took each eway by 2

**Opp. Cost  = wages per hour x travel time / 60

Then, the economic cost is the sum of the value of the skirt and the lost wages.

We pick the lowest economic cost.

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A cash-strapped young professional offers to buy your car with four, equal annual payments of $3,000, beginning 2 years from tod
kiruha [24]

Answer:

This means that receiving 9000 today is better for us as we will have more at the end of 6 years.

Explanation:

We need to first calculate what is the future value of payments in both scenarios. If we receive $9,000 today and invest it at 10% for 6 years we will have 9000*1.10^6=15,944

If we start reviving cash in 4 annual payments 2 years from now of $3000 we will have to find the future value of each individual payment and add them up.

First payment Future value = 3000*1.10^4=4392 (Money can be invested for 4 years at 10%)

Second payment future value = 3000*1.10^3=3993 (Money can be invested for 3 years at 10%)

Third payment future value = 3000*1.10^2=3630 (Money can be invested for 4 years at 10%)

Fourth payment future value = 3000*1.1=3300

Add them all up = 15315

This means that receiving 9000 today is better for us as we will have more at the end of 6 years.

5 0
3 years ago
The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller
vazorg [7]

For the statement  "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table  Both will cheat Option C. This is further explained below.

<h3>What is a payoff matrix?</h3>

Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.

In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.

The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not

Read more about payoff matrix

brainly.com/question/7656949

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8 0
2 years ago
What is one way you can get singled out as a leader by using body language?
Mashutka [201]

Answer:

Explanation:

In a group meeting or any setting that requires a leader, many body language signs can accidentally cause someone to be singled out or chosen as a leader. Such signs as smiling, making eye contact, good posture, assertive attitude, hand gestures, etc are all body language signs that give off confidence to those around you, and confidence is the main trait of a leader.

3 0
3 years ago
What is the current yield on a zero coupon bond with a remaining life of 4 years, a yield to maturity of 10.8%, and a par value
Tanya [424]

Answer:

$663.5

Explanation:

given that

number of years remaining = 4 years

yield to maturity ratio = 10.8% = 1.108

Par value = $1000

Current yield takes a look at the current price of a bond, instead of looking at it from a face value. That being said, it can be calculated mathematically as

Current yield = 1000 / 1.108^4

Current yield = 1000 / 1.507

Current yield = $663.5

Therefore, the current yield from the question we are given, is found to be $663.5.

I hope that helps

8 0
3 years ago
What is a CFO and their responsibilities to the company?
Setler [38]

Answer:

In a larger corporation, the CFO's duties shift more toward analysis, oversight, and management.

Explanation:

Accounting and Reporting: The CFO is responsible for keeping accurate financial records and for reporting on a company or organization's financial status.

3 0
3 years ago
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