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Neko [114]
3 years ago
14

Harold would be equally happy with receiving $95 today or $100 one year from today. Harold's friend Maud would bejust as happy r

eceiving $90 today or $100 one year from today. Based on this information, which of the following best describes the difference between Harold and Maud?a. Harold has a higher rate of time preference than Maud.b. Maud has a higher rate of time preference than Harold.c. Maud is poorer than Harold.d. Harold is older than Maud
Business
2 answers:
kap26 [50]3 years ago
7 0

Answer:

Maud has a higher rate of time preference than Harold

Explanation:

People with a higher rate of time preference are focused more on their present and the immediate future comfort  than other people.

When rate of time preference is higher the person is willing to give more on what they received in order to receive the benefit before.

FinnZ [79.3K]3 years ago
4 0

Answer:

.b. Maud has a higher rate of time preference than Harold

Explanation:

HAROLD MAUD

i=C*i*t i=C*i*t

5=95*I*1 5=90*I*1

I=5/95 I=10/90

 

5,26% 11,11%

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At the beginning of the period, the Cutting Department budgeted direct labor of $30,000 and supervisor salaries of $20,000 for 3
frutty [35]

Answer:

Total labor cost= $70,000

Explanation:

<u>The supervisor salary is a fixed labor cost, it is unlikely that would change with production.</u>

<u>First, we need to calculate the unitary variable direct labor hour:</u>

Unitary variable direct labor hour= 30,000 / 3,000

Unitary labor hour= $10

<u>Now, the flexible budget for 5,000 hours:</u>

Fixed cost= 20,000

Variable cost= 10*5,000= 50,000

Total labor cost= $70,000

3 0
3 years ago
Suppose Larry would like to invest $6,000 of his savings. One way of investing is to purchase stock or bonds from a private comp
Zina [86]

Answer:

The answers are:

  1. equity
  2. claim to partial ownership
  3. bondholders

Explanation:

Equity financing: refers to the process of raising money by selling company's shares or stock.  

Claim to partial ownership: when an individual or business buys a share from another company, it becomes a partial owner.

Bondholders: refers to individuals or companies that own bonds issued by a private company or by a government entity.

7 0
4 years ago
If the government decides to spend an extra $4 billion on fighter jets that they would otherwise have spent on computers, and th
STatiana [176]

Answer:

d. ad does not change.

Explanation:

Aggregate demand is defined as the total demand for finished products that is produced by a country. It is also called effective demand

In this instance aggregate demand will be a sum of demand for both computers and fighter jets. If the government decides to spend on fighter jets instead of computers, the aggregate demand will not change since it is total demand of both proucts.

4 0
3 years ago
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:
rodikova [14]

Answer:

The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts.

800,000 - 65,000

This brings the total to $735,000.

5 0
3 years ago
Pastoria Enterprises has scheduled raw material purchases of $100,000 in January, $130,000 in February, and $150,000 in March. T
IRINA_888 [86]

Answer:

B

Explanation:

The question asks to calculate how much will be disbursed by the company in February.

Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.

Now, 75% of $130,000 would be disbursed as February’s own payment:

Mathematically 75/100 * 130,000 = 97,500

Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000

Total amount disbursed is thus 25,000 + 97,500 = $122,500

6 0
3 years ago
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