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Mekhanik [1.2K]
3 years ago
12

According to the concept of​ ________, decisions are made solely on the basis of their​ outcomes, ideally to provide the greates

t good for the greatest number.
Business
1 answer:
adell [148]3 years ago
6 0

Answer:

The correct answer is letter "A": utilitarianism.

Explanation:

Utilitarianism is a term used in philosophy, economics, and law. It is a moral concept that explains that individuals are constantly looking for maximizing pleasure while avoiding any kind of harm. <em>This theory states is based on the belief that the greatest should be given for the greatest amount of people.</em>  

British Economist John Stuart Mill (1806-1873) is one of the most relevant characters who promoted that idea.

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Holly wants to have $200,000 to send a recently born child to college. She sets up a 529 plan and wants to know how much she mus
Yuliya22 [10]

Answer:

The amount Holly will have to invest less each year is $1,226.72.

Explanation:

This can be calculated using the following 3 steps:

Step 1: Calculation of monthly payment at 5% interest rate

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = P_5% * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount Holly wants to have = $200,000

P_5% = Annual investment at 5% = ?

r = Annual interest rate = 5%, or 0.05

n = number of years = 18

Substituting the values into equation (1), we have:

$200,000 = P_5% * (((1 + 0.05)^18 - 1) / 0.05)

$200,000 = P_5% * 28.1323846738217

P_5% = $200,000 / 28.1323846738217

P_5% = $7,109.24

Step 2: Calculation of monthly payment at 7% interest rate

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = P_7% * (((1 + r)^n - 1) / r) ................................. (2)

Where,

FV = Future value or the amount Holly wants to have = $200,000

P_7% = Annual investment at 7% = ?

r = Annual interest rate = 7%, or 0.07

n = number of years = 18

Substituting the values into equation (2), we have:

$200,000 = P_7% * (((1 + 0.07)^18 - 1) / 0.07)

$200,000 = P_7% * 33.9990325104648

P_7% = $200,000 / 33.9990325104648

P_7% = $5,882.52

Step 3: Calculation of the amount Holly will have to invest less each year

Amount to invest less each year = P_5% - P_7%

Amount to invest less each year = $7,109.24 - $5,882.52

Amount to invest less each year = $1,226.72

Therefore, the amount Holly will have to invest less each year is $1,226.72.

5 0
2 years ago
Which of the following best describes operations management? (1 point)
Alexandra [31]

The systematic control and direction...

3 0
3 years ago
Read 2 more answers
Clay offers to pay Diane $50 for a golf lesson for Ewan. They agree to meet on Friday to exchange the cash for the lesson. These
Lelechka [254]

Answer:

Bilateral contract.

Explanation:

Bilateral contract: It is a legally binding contract between two or more parties, wherein each party agree to fullfil the promise made to each other.

There are four elements necessary for the existence of a bilateral contract:

  • Agreement.
  • Consideration.
  • Intention to create legal relations.
  • Certainty.

In the given case, Clay offers to pay Diane $50 for a golf lesson for Ewan, which they are fulfilling by agreeing to meet on Friday to exchange the cash for the lesson. Therefore, these parties have made a bilateral contract.

4 0
3 years ago
Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe
Marrrta [24]

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

8 0
2 years ago
Larry Bar opened a frame shop and completed these transactions: 1. Larry started the shop by investing $41,500 cash and equipmen
Anit [1.1K]

Answer: $44,800

Explanation:

Given that,

Investment = $41,500

cash and equipment = $19,500

Office supplies purchases on credit = $220

Paid cash for the receptionist's salary = $2700

Cash received from selling custom frame service = $6000

Framing services =  $350

Ending cash flow = Capital brought in by Larry Bar - Paid cash for the receptionist's salary + Cash received from selling custom frame service

                            = $41,500 - $2700 + $6000

                            = $44,800

7 0
3 years ago
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