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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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A hospital uses a paper-based system. its kitchen staff prepares meals for everyone who is a patient in the hospital as of midni
Alenkasestr [34]
<span>The hospital could adapt </span>an enterprise process so that the kitchen staff is more efficient and doesn't waste food on patients who have already been discharged .
The enterprise process is type of process model which provides high-level-view and describes the full end‐to‐end activity <span>needed to create the service or product of the process. </span>
8 0
3 years ago
Warner Clothing is considering the Introduction of a new baseball cap for sales by local vendors. The company has collected the
bezimeni [28]

Answer:

(a) 3,250 units

(b) 5,750 units

Explanation:

(a) BEP(units):

= fixed cost ÷ contribution margin per unit

= $52,000  ÷ ($18 - $2)

= 3,250 units

Therefore, the 3,250 units must Warner sell per month to break even.

(b) BEP(units):  

= (fixed cost + target profit) ÷ contribution margin per unit

= ($52,000 + $40,000) ÷ $16

= 5,750 units

Therefore, the units must Warner sell per month to make an operating profit of $40,000 is 5,750 units.

4 0
3 years ago
Exercise 7-14A Recording Credit Card Sales LO 7-6 Luna Company accepted credit cards in payment for $6,950 of services performed
Mamont248 [21]

Answer:

See the explanation below:

Explanation:

Interest expenses = $6,950 × 3.75% = $261

Cash received =  $6,950 - $261 = $6,689

The payment an be in two forms; it can be immediate or delayed. The two are done below:

a. Journal Entries for Immediate payment

Details                                        Dr ($)            Cr ($)

Cash                                            6,689

Card expenses                               261

Sales                                                                 6,950          

b. Journal Entries for delayed payment

When the transaction is carried out, we have:

Details                                           Dr ($)            Cr ($)

Account receivables                    6,689

Card expenses                                 261

Sales                                                                  6,950

When the payment is received, we have:

Details                                           Dr ($)            Cr ($)

Cash                                               6,689

Account receivables                                          6,689

3 0
3 years ago
Laura's boss, Erik, constantly uses sexually explicit language while communicating with his female subordinates. Though many fem
Fittoniya [83]

Answer:

I shouldn't believe or think this will be viewed as offensive conduct because he doesn't threaten any lady throughout particular. A further explanation is given below.

Explanation:

  • Complaining about discrimination based on private orientation as either a misconduct action throughout Title VII of the 1964 civil rights legislation including 29 C.F.R. including its Federal EEO Action Process Portion 1614.
  • Instead of repeatedly being told by the organization that the allegations of private identity are usually processed within sections 1614 unless specifically requested by the complainant to use a different litigation procedure.
3 0
3 years ago
Perlman Land Development, Inc. purchased land for $70,000 and spent $30,000 developing it. It then sold the land for $160,000. S
bogdanovich [222]

Answer:

Not necessarily, it all depends on what land improvements were made by Perlman.

Explanation:

If Perlman spent $30,000 on landscaping then its useful life is very short so it  can either be depreciated as a separate asset (since the cost was relatively high) or considered maintenance expenses. But if Perlman spent $30,000 on land leveling then that cannot be depreciated and it is added to the total cost of the land.

8 0
3 years ago
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