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4 years ago

What is career sub-field

1 answer:

6 0

A subset career in another field, or sub discipline, smaller or more specialized area of study or occupation within a larger one

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Kurt is a professional golfer, who use to work as an engineer. Aside from the money he enjoys both jobs equally. He earned $80,0

Irina-Kira [14]

Answer:Economic rent-$320,000

Opportunity Cost-80,000

Explanation:

Economic rent is the extra amount or addition earned by a production resource here and in this context,Mr Kurt is the resource.In this scenario,the extra amount he earned as a professional golfer having quit engineering for it and thus had a step-up(addition) of $320,000.

While the opportunity cost which known as the alternative forgone in order in favour of another alternative in a decision process here is $80,000.In this case,he had to forego engineering job($80,000) and therefore concentrate on professional golfing which paid him more(400,000) not omitting the fact that he could have engaged in the two jobs at same time.

3 0

4 years ago

All that blooms provides environmentally friendly lawn services for homeowners. its operating costs are as follows. depreciation

babunello [35]

To get the break-even point, the Total Cost must equal to the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and Incremental Costs. Fixed costs are depreciation, advertising and insurance which is equal to $5,871 per month. Incremental Costs are weed and feed materials, direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is equal to $89 per lawn. Letting “N” to be the break-even point in number of lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating N, the break-even number of lawns is equal to 103.

4 0

3 years ago

A clothing manufacturing firm is deciding whether or not to invest in new machinery. The machinery costs $45,000 and is expected

Nostrana [21]

The present value of the cash flows is 51020.41

<h3>What is Compound Interest?</h3>

Compound interest, often known as interest on principal and interest, is the adding of interest to the loan or deposit principal. It occurs when interest is reinvested, added to the lent capital instead of being paid out, or the borrower is required to pay it, resulting in the next period's interest being generated on the principal amount plus any accumulated interest.

In the question it is given that:

Equipment cost $45,000.

first year's cash flow was $25,000

second-year cash flow $30000

5% interest is charged.

We are aware that the following relationship can be used to calculate the present value.

$PV = FV X (1+r)^{n}$

PV stands for present value, Future Value is FV, and the rate of interest is r.

Consequently, the present value is calculated as

$PV = 25000 X (1+0.05)^{-1} + 30000 X (1+0.05)^{-2}$

⇒ PV = 51020.41

To learn more about compound interest visit:

brainly.com/question/13481659

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4 0

2 years ago

Which statement best describes lifetime income

Volgvan

I took the test and it was B.

3 0

3 years ago

How goal succession take place? explain the condition responsible for goal succession

valentina_108 [34]

the new or modified goals are incorporated or substituted for the existing one in such a manner that they do not change the spirit of the existing goals

The new goals are such that individuals or the organisation are willing to state publicly.

4 0

2 years ago