1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
TEA [102]
4 years ago
10

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6

50 for the coverage they need. Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 4 percent if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $110 each. At the local hardware store, smoke detectors cost $24 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. Assuming their insurance rates remain the same, how many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors? (Round your answer to 2 decimal places.)
c. Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?
Business
1 answer:
vfiekz [6]4 years ago
3 0

Answer:

The answers are:

A) 4.23 years

B) 1.08 years

C) Off course I would recommend Dave and Ellen to install these safety items, not only because they save money but also because they are very useful.

Explanation:

The cost of the deadlocks including installation is $110 for each exterior door ($220 total). The cost for installing smoke detectors is $24 for each floor ($48 total).

The discount that Dave and Ellen can get is

  • $52 per year for installing the deadlocks
  • $26 per year for installing the smoke detectors

A) It will take Dave and Ellen 4.23 years ($220/$52) to recover the money spent on the deadlocks.

B) It will take Dave and Ellen 1.08 years ("26/$24) to recover the money spent on the smoke detectors.

You might be interested in
Luke was interested in developing a communication budget for the holistic vitamin shop he will be opening in 30 days. He is plan
PolarNik [594]

Answer:

Objective-and-task method.

Explanation:

With the available information, objective-and-task method would be best for Luke to pursue to develop his communication program. Objective and task method is a marketing strategy that focuses on allocating an amount of money for its marketing or advertisement budget based on peculiarities and set objectives, instead of choosing an arbitrary amount of money.

The objective-and-task method is the most logical budget method, as an organization sets its promotional budget on what it wishes to achieve specifically, meaning it's goal oriented and not based on sales revenues.

7 0
3 years ago
4 components of a country market assessment
yuradex [85]
<span>1- Economic Analysis Using Metrics
2- Infrastructure and technology
3- Analyzing Government Actions
4- Analyzing Sociocultural Factors</span>
5 0
4 years ago
Which of the following affects how the stock market behaves?
vovikov84 [41]

Answer:

interest rate that the answer

8 0
3 years ago
Your accounting manager has decided that a behavioral interview to select accountants will solve many hiring problems. What can
Rashid [163]

Explanation:

A behavioral interview would have been more suitable than an interview even though the applicants use a benchmark from previous experiences. A situational interview is more about the possible actions of the individual in a situation. This might predict what the claimant is going to do in the future in a current situation.

The interviewing line will be focused on the applicant's experience of an past event involving the applicant. As the conversation begins, the line of question will naturally change. Studies have found that execute interviews better determine work performance. This is a useful tool to assess which candidate is best suited for the job.

4 0
3 years ago
Each of the independent situations below describes a lease requiring annual lease payments of $10,000. For each situation, deter
Kazeer [188]

Answer:

Does the agreement specify that ownership of the asset transfers to the lessee? NO

Does the agreement contain a bargain purchase option? NO

Is the lease termequal to75% or more of the expected NOeconomic life of the asset? NO (4 < (.75 X 6))

Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO

10,000 X 3.72325

=  (37233 < (.9 X 44,000))

Annuity  due : n=4, i=5%.

Does the agreement specify that ownership of the asset transfers to the lessee? NO

Does the agreement contain a bargain purchase option? YES  

Is the lease termequal to75% or more of the expected NOeconomic life of the asset? Yes (4 > .75X5)

Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO

35,456 < (.9 X 43,000)

10,000 X 3.54595

Ordinary annuity

n=4, i = 5%.

5 0
4 years ago
Other questions:
  • Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25​% of the goods to the
    15·1 answer
  • 1. Your roommate's long hours in chem lab finally paid off--she discovered a secret formula that lets people do an hour's worth
    15·1 answer
  • Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a
    5·1 answer
  • You want to search for articles that discuss the role of nature in the poetry of Emily Dickinson. You're specifically interested
    10·1 answer
  • True or False : When you are thinking of something you want to predict, measure, or change in your business, you are probably th
    8·1 answer
  • Indigo Corporation wants to transfer cash of $150,000 or property worth $150,000 to one of its shareholders, Linda, in a redempt
    9·1 answer
  • intext:"A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $1,470,
    8·1 answer
  • The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat
    15·1 answer
  • Loans requiring periodic payments of interest and principle are referred to as
    13·1 answer
  • The Department of Labor’s Occupational Outlook Handbook is relatively expensive and not available for use by the general public.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!