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Anuta_ua [19.1K]
3 years ago
14

Teresa rents her apartment for ​$860 per​ month, utilities not included. When she moved​ in, she paid a ​$700 security deposit u

sing money from her savings account that was paying 3​% interest. Her​ renter's insurance costs her ​$84 per year. What are​ Teresa's total annual costs of​ renting?
Business
2 answers:
Nadusha1986 [10]3 years ago
8 0

Answer:

$10,425

Explanation:

Teresa's annual cost of renting:

  • rent x 12 months = $860 x 12 = $10,320
  • annual renter's insurance = $84
  • <u>implicit costs = lost interests = $700 x 3% = $21</u>

          total $10,425

The $700 she left as security deposit should be returned to her at the end of the lease contract, so only the interest lost is considered a cost.

Sonja [21]3 years ago
7 0

Answer:

$11,125

Explanation:

The total annual cost of renting is the total amount the tenant spends to be able to rent the apartment which includes the annual rent, the security deposit, the interest lost on the money used for the security deposit and the insurance cost.

Annual cost of renting= ($860*12)+$700+($700*3%)+$84

Annual cost of renting= $10,320+$700+$21+$84

Annual cost of renting= $11,125

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Balance life is the ability to manage one's life effectively, given attention to all that is needed.

<h3>What is balance lifestyle?</h3>

Balanced lifestyle occurs when an individual is able to manage all aspect of life without affecting each other.

The individual is able to work effectively and still have a good time with his or her family.

An individual with a personal business can have a flexible schedule to accommodate all that matters to his lifestyle.

Therefore, Balance life is the ability to manage one's life effectively, given attention to all that is needed.

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2 years ago
A code of ethics: a should be kept confidential from a firm's employees. b should be limited to a list of dos and don'ts. c shou
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3 years ago
Using her beloved grandmother's recipe for fruit-filled empanadas, Marianna opens a drive-up kiosk specializing in these sweet t
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Franchising

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Since Marianna wants to open additional locations, but she doesn't have a lot of start-up capital, the consolidation strategy for fragmented industries that she could utilize is franchising

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An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of
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C.

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4 0
3 years ago
"Assuming that PDQ Corporation has annual net sales of $303,000,000 and annual cost of goods sold of $202,000,000, what is the i
kondaur [170]

Answer:

<h2>2</h2>

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The inventory turnover ratio is defined as the ratio of the cost of goods sold to the average inventory.

Average Inventory = annual net sales - annual cost of goods sold

Average Inventory  = $303,000,000 - $202,000,000

Average Inventory = $101,000,000

Given cost of goods sold = $202,000,000

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3 years ago
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