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insens350 [35]
3 years ago
6

Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge

a flat fee of $ 14,000 per​ month, plus $ 1 per passenger reservation. What is the total reservation cost if 200,000 passengers take the trip next​ month?
Business
2 answers:
inna [77]3 years ago
7 0

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

prohojiy [21]3 years ago
3 0

Answer:

$214,000

Explanation:

According to the situation explained, the total reservation cost will be the result of adding up the flat fee plus the result of the cost per passenger reservation for the number of passengers:

Flat fee: $14,000

Cost per passenger reservation: $1

number of passengers: 200,000

Total reservation cost= $14,000+($1*200,000)

Total reservation cost= $14,000+$200,000

Total reservation cost= $214,000

The total reservation cost is $214,000.

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Angela believes that Beamer Corporation’s stock will drop in value. She borrows 150 shares from a brokerage firm when the stock
belka [17]

Given:

Total number of shares = 150

Selling price = $42

Purchase price = $27

Find:

Angela’s profit on investment = ?

Computation of Angela’s profit on investment:

Angela’s profit on investment = Total sales value - Total purchase value

Angela’s profit on investment = (150 x $42) - (150 x $27)

Angela’s profit on investment = $6,300 - $4,050

Angela’s profit on investment = $2,250

Therefore, Angela’s profit on the selling of investment is $2,250.

3 0
3 years ago
A company will make $74,000 in annual revenue each year for the next seven years from a new investment. The interest rate of 7.2
UkoKoshka [18]

Answer:

The present value is $395,354.84

Explanation:

The computation of the Present value is shown below

= Present value of all yearly cash inflows after applying discount factor

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

where,  

rate is 7.25%  

Year = 0,1,2,3,4 and so on

Discount Factor:

For Year 1 = 1 ÷ 1.0725 ^ 1 = 0.9324

For Year 2 = 1 ÷ 1.0725 ^ 2 = 0.8694

For Year 3 = 1 ÷ 1.0725 ^ 3  = 0.8106

For Year 4 = 1 ÷ 1.0725 ^ 4  = 0.7558

For Year 5 = 1 ÷ 1.0725 ^ 5  = 0.7047

For Year 6 = 1 ÷ 1.0725 ^ 6  = 0.6571

For Year 7 = 1 ÷ 1.0725 ^ 7  = 0.6127

So, the calculation of a Present value of all yearly cash inflows are shown below

= (Year 1 cash inflow × Present Factor of Year 1) + (Year 2 cash inflow × Present Factor of Year 2) + (Year 3 cash inflow × Present Factor of Year 3) + (Year 4 cash inflow × Present Factor of Year 4)  + (Year 5 cash inflow × Present Factor of Year 5)  + (Year 6 cash inflow × Present Factor of Year 6)  + (Year 7 cash inflow × Present Factor of Year 7)

= ($74,000 × 0.9324 ) + ($74,000 × 0.8694  ) + ($74,000 × 0.8106 )  + ($74,000 ×  0.7558 )  + ($74,000 × 0.7047  ) + ($74,000 × 0.6571 )  + ($74,000 × 0.6127  )

= $68,997.67  + $64,333.49  + $59,984.61  + $55,929.70  + $52,148.91  + $48,623.69  + $45,336.77

= $395,354.84

We take the first four digits of the discount factor.  

4 0
2 years ago
The process of maintaining a stable internal environment is called.
grigory [225]
Homeostasis
Is the process of maintaining a stable internal environment
6 0
2 years ago
Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur
Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

8 0
2 years ago
According to the quantity theory:
lana [24]

Answer:

B) Inflation is everywhere and always a monetary phenomenon.

Explanation:

Henry Thornton developed this theory in 1802. According to the Quantity Theory, In an economy, there is a direct relationship between the quantity of money in the economy and the prices of goods and services. The price levels are directly related to the amount of money in circulation, which is the cause of inflation. Hence the consumer has to pay more for the same amount of commodity.

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