Answer and Explanation:
For the local departmental store
As the person travels 30 minutes but the person sacrificed $36 for an hour at work so here the opportunity cost of the time is $36
For the across town
The person J travel time is 60 minutes ( 30 + 30) and her shopping time is 30 minutes but sacrificed $36
So the opportunity cost is
= 60 minutes + 30 minutes
= 90 minutes
= $54
For the neighbor city
The person J travel time is 120 minutes (120 + 120) and her shopping time is 30 minutes but sacrificed $36
So the opportunity cost is
= 120 minutes + 30 minutes
= 150 minutes
= $90
Now the table is
<u>Store Opportunity Cost Price of a Dress Total Cost
</u>
<u> of Time </u>
<u> (Dollars) (Dollars per dress) (Dollars)
</u>
Local
Department
Store 36 104 140
Across Town 54 87 141
Neighboring City 90 80 170
So she should buy from the local department cost as it contains the minimum cost
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
Answer:
a. The probability that a worker will learn the skill successfully is 0.8375
b.The probability that Method A was used is 0.716
Explanation:
a. In order to calculate the probability that a worker will learn the skill successfully we would have to use the followinf formula:
probability that a worker will learn the skill successfully= 0.75*0.8 + 0.25*0.95
probability that a worker will learn the skill successfully=0.8375
The probability that a worker will learn the skill successfully is 0.8375
b. In order to calculate the probability that Method A was used we would have to use the following formula:
The probability that Method A was used= (0.75*0.8)/0.8375
The probability that Method A was used=0.716
The probability that Method A was used is 0.716
Answer:
The table is shown below
Explanation:
The table is as follows :
Answer:
D. short-term financing
Explanation:
Based on the information provided within the question it seems that in this scenario Millard's Department Stores should utilize short-term financing. This is a short term loan (usually less than one year) that you can use for you daily business operations. Which is exactly what Millard's Department Store needs in order to pay off the suppliers to continue receiving payments and continue it's business operations to make money.
