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4 years ago

5

Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car pay

ments can be described by which one of the following terms? A) Perpetuity B) Annuity C) Consol D) Lump sumE) Factor

1 answer:

lbvjy [14]4 years ago

7 0

Answer:

Option B.....Annuity

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Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person

Shtirlitz [24]

Answer:

$300

Explanation:

Given:

Society A

Society B

Society A will pay $140 per unit

Society B will pay $160 per unit

Commonly pay $140 for two units produced.

Computation:

Society will pay total amount for the public goods = $160 + $140

Society will pay the total amount for the public goods = $300

Therefore, $300 Is the total amount paid by society.

7 0

4 years ago

7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks b

guapka [62]

My answer is choice d.

7 0

3 years ago

Dobles Corporation has provided the following data from its activity-based costing system: The Assembly Cost Pool has a total co

Harrizon [31]

Answer:

A.

$95.34 per unit

Explanation:

activity cost pool total cost(a) total activity(b) activity rate

assembly $228060 180000 hours $12.67

processing oders $34068 1200 orders $28.39

inspection $125560 1720 hours $73.00

Cost per activity is obtained by dividing total cost for each activity pool with its respective total activity. Cost per activity is helpful to identify the total cost allocated to each activity.

particulars expected activity per activity rate total cost

assembly 460 hours $12.67 $5828.20

processing orders 80 orders $28.39 $2271.20

inspection 10 hours $73.00 $730.00

manufacturing overhead $8829.40

Manufacturing overhead is the other costs that are neither direct material cost and nor direct labor cost. Here we add the total cost incurred in each cost pool to arrive at manufacturing overhead of $8,829.40. The manufacturing overhead incurred is allocated to each cost pool as per the activity and per activity rate.

manufacturing overhead per unit = manufacturing overhead/total units produced

= $8829.40/420

= $21.02

product cost per unit = direct material per unit + direct labor per unit + manufacturing overhead cost per unit

= $48.96 + $25.36 + $21.02

= $95.34

Therefore, the unit product cost of product D28K is closest to $95.34

8 0

3 years ago

This is your chance to calculate demand elasticities for health care. Suppose you are collecting data from a country (like Japan

sergejj [24]

Answer:

Arc price elasticity of demand = -0.273

Explanation:

This problem is solved as follows:

1. Identify the data.

Outpatient visit Price / visit

Tokyo 1.25 / month 20y

Hokkaido 1.5 / month 10y

Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:

Qt (Outpatient visits in Tokyo) = 1.25 / month

Qh (Outpatient visits in Hokkaido) = 1.5 month.

With the following prices:

Pt (Price in Tokyo) = 20y

Ph (Price in Hokkaido) = 10 y

2. Apply the formula to calculate arc-elasticity of demand:

$Ep^{arc} = \frac{Pt+Ph}{Qt+Qh} *\frac{Qh-Qt}{Ph-Pt}$

We replace the data:

$Ep^{arc} = \frac{20+10}{1.25+1.5} *\frac{1.5-1.25}{10-20}$

$Ep^{arc}= \frac{30}{2.75} *\frac{0.25}{-10} = 10.91 *-0.025$

$Ep^{arc} = -0.27275$

Final answer: -0.27275 or -0.273

6 0

3 years ago

Credit offered in the form of ____________ is most common in department and clothing stores and other high-volume outlets, where

GuDViN [60]

Answer:

retail charge cards

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Hence, the use of credit cards by consumers broadens a small company's customer base.

This ultimately implies that, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.

Generally, there are three (3) main types of credit card and these includes;

I. Debit card.

II. Prepaid card.

III. Retail charge cards.

A retail charge card can be defined as a type of credit card commonly issued by retailers to their customers in order to avail the customers an ability to charge their goods and services to a specific amount that has been established prior to a purchase.

Hence, it is most common in merchant department, car rental firms, oil companies, clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.

5 0

3 years ago