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3 years ago

Randy would like to set up a budget for a vacation he is taking next year. Which money management tool should Randy use?

Business

2 answers:

Nikolay [14]3 years ago

8 0

A spreadsheet.

easier to organize work and it would be easy to read, and it won't be a mess to look at.

Oddysey.

kvasek [131]3 years ago

3 0

A spreadsheet would be a good choice for setting up a budget (choice B). This would allow Randy the ability to enter in expenses and savings, as well as set up charts and graphs that show what projections will be for current and future savings.

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Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales ar

denis23 [38]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.

The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies.

It is calculated using the following formula:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= (12,200 - 10,614) / 12,200

Margin of safety ratio= 0.13=13%

5 0

3 years ago

Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17% c = $

sergejj [24]

Hi there!

The answer to your problem is c = $46.04

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7 0

4 years ago

A consulting engineer has been engaged to advise a town how best to proceed with the construction of a 200,000 water supply rese

kozerog [31]

Answer:

Single stage construction

PW of Cost = $22,400,000 + 100,000(P/A, 4%, 25)

PW of Cost = $22,400,000 + 100,000(15.622)

PW of Cost = $22,400,000 + $1,562,200

PW of Cost = $23,962,200

Tow stage construction

PW of cots = $14,200,000 + $75,000(P/A, 4%, 25) + $12,600,000(P/F, 4%, 25)

PW of cost = $14,200,000 + $75,000(15.622) + $12,600,000(0.3751)

PW of cost = $14,200,000 + $1,171,650 + $4,726,260

PW of cost = $20,097,910

Conclusion: We should choose two stage construction as it has lesser Present worth of cost.

6 0

3 years ago

You notice that the price of DVD players falls and the quantity of DVD players sold increases. This set of observations can be t

Law Incorporation [45]

A. demand for DVD players shifting to the right

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3 years ago

How is a monopolistically competitive market similar to a perfectly competitive market? A. Producers with market power set thei

Anna [14]

Answer:

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero

in the long run, only normal profit is earned

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

4 0

3 years ago