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sweet [91]
3 years ago
9

You give up a full-time salary of $45,000 a year to go to school for 2 years. The total cost of going to school is $30,000. If y

ou want to be able to recover your investment in 5 years or less, what is the minimum salary you would need to earn on earning your degree
Business
1 answer:
Stella [2.4K]3 years ago
8 0

Answer:

$69,000 per year

Explanation:

the total economic cost of going to college = college expenses + implicit costs

  • college expenses = $30,000
  • implicit costs (opportunity costs) = $45,000 x 2 = $90,000

total economic cots = $30,000 + $90,000 = $120,000 / 5 years

if you  want to recover your college costs in 5 years, you will need to recover $120,000 / 5 = $24,000 per year

so you would need to earn = $45,000 (old salary) + $24,000 = $69,000 per year

*opportunity costs are the additional costs or benefits lost from choosing one activity or investment over another alternative.

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According to AAA the average monthly maintenance cost on a used car is $75 per month. You are looking to pay cash for the exact
Colt1911 [192]

Answer:

Dealer "B"  at $5,595.00

Explanation:

Comparison of cost charges for dealer A and dealer B will have to include the one-year maintenance offered by dealer B.

The cost for dealer A will be

maintenance for one year= $75 x 12=  $900

cost of the car=  $4,995.00.

total cost for dealer A

= $4,995.00 + $900

=$5,895

The cost from dealer B is $5,595.

Dealer B has the better deal as they are cheaper by $300

( $5,895- $5,595)

5 0
3 years ago
The California Food Handler Card law requires food handlers to _____.
aalyn [17]

Answer:

undergo basic food-safety training

Explanation:

The California Food Handler Card law demands that every restaurant employee be trained on food safety practices to eradicate or minimize the possibilities of transmitting diseases. The law requires a reasonable level of training to ensure conformity with best practices in food handling.

Each restaurant must maintain records showing each employee is trained and possesses a valid California Food Handler Card. The card should be availed on request by the local enforcement officials upon request.

7 0
3 years ago
Vaughn Manufacturing incurred the following costs for 84000 units: Variable costs $504000 Fixed costs 392000 Vaughn has received
Damm [24]

Answer:

$7.8

Explanation:

Variable costs = $504,000

Fixed costs = $392,000

Number of units produced = 84,000

Shipping charges = $4,500

Therefore, the variable cost per unit is calculated as follows:

= Variable costs ÷ Number of units produced

= $504,000 ÷ 84,000

= $6 per unit

Incremental fixed cost per unit (For 2,500):

= Shipping cost ÷ 2,500

= $4,500 ÷ 2,500

= $1.8 per unit

Therefore, the unit sales price will be the sum total of variable cost per unit and incremental fixed cost per unit for the shipping charges.

BEP (in sales price per unit):

= Variable cost per unit + incremental fixed cost per unit

= $6 + $1.8

= $7.8

4 0
3 years ago
Being intellectually alert helps leaders exert influence through logical persuasion. Formal ______ helps a person develop logica
Vera_Pavlovna [14]

Answer:

a. Education

b. Experience

c. Mentoring

Explanation:

a. Formal education is defines as a method of formal and organized learning. This is the education provided to the students by qualified teachers at a certain level. To ensure standardization of formal learning for all institutions of learning for example schools, colleges, universities, etc.

So, Formal education helps a person to develop logical skills.

b. Experience is awareness or ability that you have acquired in a specific job or activity because you have already done the job or activity.

According to the given situation, experience helps a person develop skills and knowledge he or she would not have otherwise.

c. A mentor helps a person learn the skills to achieve his or her destination. or we can say that the "mentor" is an experienced person who shares information, expertise, and guidance with a less experienced person.

So, according to the given situation Manager is coached to Shawn to develop skills so that manager can boost Shawn career. Shawn's Manager is engaged in Mentoring.

6 0
3 years ago
Swifty Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that c
dedylja [7]

Answer:

Ending inventory in units= 194

Explanation:

Giving the following information:

The beginning inventory consisted of 76 units.

During the current month, the company purchased 478 units.

Sales during the month totaled 360 units.

<u>To calculate the number of units in ending inventory, we need to use the following formula:</u>

Ending inventory in units= total inventory - sales in units

Ending inventory in units= 554 - 360

Ending inventory in units= 194

4 0
3 years ago
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