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3 years ago

Financial literacy refers to:

Business

1 answer:

fredd [130]3 years ago

5 0

Answer:

b) How well you understand and use personal finance information

Explanation:

Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.

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Jackson State University is evaluating two options. It can perform online distance learning upgrades now for $275,000 or it can

Vera_Pavlovna [14]

Answer:

The answer for (a)$442,890 for (b) $364,023.5

Explanation:

From the question, the first set to take is to determine if the Mayor should purchase now or late when,

(a)When inflation is not considered

(b)When inflation is considered

(A) When inflation is considered

Future worth analysis (FWA) = 275, 000 (i +1)^5

=275,000 (1.10)^5

= $442,890

Thus, since FW > $375,000,

The cost of future is less, the Mayor should purchase later.

(B) When inflation is considered

Real rate = ( 1 + nominal/1 +inflation)^-1 = 1.1/1.04 -1 = 0.057 = 5.77

FW = 275,000 (1 +i)^5 = 275,000 (1.0577)^5

=$364,023.5

So FW< 375,000

Because the worth of buying or purchasing is less, the mayor should purchase now

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3 years ago

Which trends are reshaping

zavuch27 [327]

I think Identify the different engineering activities/steps in the engineering design process for each steps,summarize in 1–3 sentences what happens during the step?

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3 years ago

Define economic profit. Explain how economic profit is different than accounting profit. Why is it important for economists to m

saul85 [17]

Answer:

a. Economic profit is the excess of revenue over both opportunity (implicit) and explicit costs. Explicit costs are the cost of all inputs used.

b. The difference between economic profit and accounting profit is that in calculating economic profit, both the explicit costs and the implicit or opportunity costs are deducted from the revenue. Whereas, in computing the accounting profit, only the explicit costs are deducted from the revenue.

c. Economists measure economic profit rather than accounting profit because economists believe that the real cost of an output includes the economic or opportunity cost (potential benefits lost as a result of the course of action chosen).

Explanation:

Opportunity cost is the implicit cost incurred, which is equal to the potential benefits lost by an individual or a business, when an alternative is chosen instead of the other alternative. It is an important concept in the computation of economic profit. The concept ensures that both implicit and explicit costs are considered when determining the profits generated by a business.

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3 years ago

Ciara is taking AP Biology and her twin brother, Elon, is in regular Biology. At the end of the year, Ciara earned a B and Elon

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Both Ciara and Elon earned the same number of points toward their GPA.

AP classes are on a 5.0 scale, so a b in an AP class is the same as an A in a regular class

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