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4 years ago

Complete the sentence.

Business

2 answers:

valentina_108 [34]4 years ago

5 0

Answer:

Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a

savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by

saving the money. The lost interest is the opportunity cost cost of spending money now.

Explanation:

The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has two options:

1. Spending the money

2. Save the money

Once the money is spending the opportunity costs is generated and it is measure by the interest rate lost for not keeping the money in a savings account that will generate an interest rate known as APY Annual Percentage Yield.

Lelu [443]4 years ago

3 0

Answer:

Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by saving the money. The lost interest is the opportunity cost of spending money now.

Explanation:

#platofam

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Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).

Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

= $10.45 - $8.25

= $2.2

Interest percentage for a week:

= $\frac{Interest\ for\ a\ week}{Loan\ Amount}\times100$

= $\frac{2.2}{8.25}\times100$

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

= Interest percentage for a week × Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence, effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.

3 0

3 years ago

Which of the following are reported on the income statement as part of cost of goods? a.administrative expenses b.operating expe

kenny6666 [7]

Answer:

Cost of goods manufactured

Explanation:

Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.

4 0

3 years ago

Hayden, a buyer for a medium-sized company, is assessing the value of competing software products for use in his firm. Which of

sveta [45]

Answer: A. Speech of delivery

Explanation:

When buying things like software, there are certain things that will determine the value apart from the monetary price. These include the ease of installation and the availability of training assistance.

With ease of installation, the fundamental question is if the software is easy or complicated to install. The easier it is the better. Also is there someone who can help the users be able to master the features of the software. This is availability of training assistance.

Now while speech of delivery can help in convincing Hayden to buy from a particular shop, it does not contribute to the value of the software.

6 0

3 years ago

The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac

jasenka [17]

Answer:

increase in cost of living of 9.09%

Explanation:

The cost of living for 2016 is goven as

(10 pizzas*$10) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 100 + 280 + 60= $440

The cost of living from 2017 is

(10 pizzas*$14) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 140 + 280 + 60

= $480

The percentage increase in cost of living between 2016 and 2017= (Cost of living in 2017/cost of living in 2016)* 100

= {480/440}* 100

= 109.09%

So there was a increase in cost of living of 9.09%

8 0

3 years ago

To economists, the social cost of unions depends primarily on

Arisa [49]

To economist, the social cost of union depends primarily on the people. People do not start their lives with fully developed theories about systems of society where unions are formed to fight for socialism. This organize monopolies to break down competition.

4 0

3 years ago