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Igoryamba
3 years ago
6

Given Ted can wax 4 cars per day or wash 2 cars per day and Tom can wax 3 cars per day or wash 1 car per day. What is each man’s

opportunity cost of waxing a car? Who has an absolute advantage of waxing cars? Who has a comparative advantage of waxing cars?

Business
1 answer:
victus00 [196]3 years ago
8 0

Answer:

OPPORTUNITY cost of Ted=2/4=0.5 car wash

OPPORTUNITY cost of Tom=1/3=0.33 car wash.

OPPORTUNITY cost is amount of other good given to produce more of one good.

Ted has absolute advantage.

Tom has comparative advantage.

Explanation:

See attached picture.

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The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income
EleoNora [17]

The return on investment for this division is (B) 20%.

<h3>What is the return on investment (ROI)?</h3>
  • Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
  • A high ROI indicates that the benefits of the investment outweigh the costs.
  • ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments.
  • It is one method of connecting profits to capital invested in economic terms.

<h3>To find the return on investment for this division:</h3>

= income/average invested assets

= $40,000/$200,000

= return on investment

= 20%

Therefore, the return on investment for this division is (B) 20%.

Know more about return on investment here:

brainly.com/question/15726451

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Correct question:

The Midwest Division of Grainger Company has an investment center average invested assets of $200,000 and an investment center income of $40,000. What is the return on investment for this division?

(A) 500%

(B) 20%

(C) 25%

(D) 80%

4 0
2 years ago
3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
Mekhanik [1.2K]

Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

3 0
2 years ago
Read 2 more answers
The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of
timurjin [86]

Answer:

$20.80 and $29.61

Explanation:

The computations are shown below:

Current price is

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $1.20 + $1.20 × 4%

= $1.20 + $0.048

= $1.248

So, the current price is

= $1.248 ÷ (10% - 4%)

= $20.80

Now the price in 10 years is

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $1.20 × 1.04^10

= $1.20 × 1.4802442849

= $1.7762931419

So, the price in 10 years is

= $1.7762931419  ÷ (10% - 4%)

= $29.61

4 0
2 years ago
Which type of nominal decision is characterized by a fairly high degree of product involvement but a low degree of purchase invo
Ann [662]

Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.

<h3>What is Brand loyal decision?</h3>

A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.

This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.

Read more on decision-making process here: brainly.com/question/1249089

3 0
1 year ago
Competition between the firms leads to greater marketing expenses. <br><br> a. True<br> b. False
ss7ja [257]
True. With competition in a market, firms have to compete to stay ahead of the others
5 0
2 years ago
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