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QveST [7]
4 years ago
9

Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000

. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail will prevent 5 vehicles from sliding off the road during its usable life. What should the county do? a. Install the guard rail because the benefits exceed the costs. b. Do not install the guard rail because the costs exceed the benefits. c. Install the guard rail because safety is priceless. d. Do not install the guard rail at any cost because drivers can purchase private insurance for their vehicles.
Business
1 answer:
Stolb23 [73]4 years ago
7 0

Answer:

b. Do not install the guard rail because the costs exceed the benefits

Explanation:

The cost of the guard rail is $70,000.

The average damage to a car that slides off the road at the curve is $10,000.

Number of cars the guard rail is expected to save from sliding off the road is 5.

Therefore, Total damage prevented/saved is 5 * $10,000= $50,000

Total cost of installing the guard rail is $70,000

So, the cost exceed the benefits.

It is expected the county will not install the guard rail because the total cost outweighs the benefits.

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A firm is offered credit terms of 2/10 net 45 by most of its suppliers. The firm also has a credit line available at a local ban
gavmur [86]

Answer:

21.28%

Explanation:

Note: <em>Assuming 365 day year</em>

Cost of giving up cash discount = [Discount rate / (1-Discount rate)] * 365 / [Credit period - Discount period]

Cost of giving up cash discount = [0.02/(1-0.02)] * [365/(45-10)]

Cost of giving up cash discount = [0.02/0.98] * [365/35]

Cost of giving up cash discount = 0.0204082 * 10.42857

Cost of giving up cash discount = 0.212828

Cost of giving up cash discount = 21.28%

3 0
3 years ago
A leader, such as Bill Gates of Microsoft, who can inspire followers above their own self-interests and can have a profound effe
arsen [322]

Answer:

Transformational leadership

Explanation:

Transformational leadership is an authority style that can rouse positive changes in the individuals who pursue. Transformational pioneers are commonly vigorous, excited, and energetic. Not exclusively are these pioneers concerned and associated with the procedure; they are likewise centred on helping each individual from the gathering prevail as well. Through the quality of their vision and character, transformational pioneers can motivate supporters to change desires, judgements, and inspirations to move in the direction of shared objectives.

8 0
3 years ago
Which body has the primary responsibility for the establishment of generally accepted accounting principles?.
erica [24]

Answer: The Financial Accounting Standards Board (FASB)

Explanation: The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles.

7 0
2 years ago
Mara Kay is a system analyst for a national department store. She was tasked to identify previously unknown relationships in the
kherson [118]

Answer: Data Mining

Explanation: Mara Kay tasked with identifying previously unknown relationships in the company's sales data. This is an indication that Mara Kay will be working with pre-existing company data.  

Data Mining can therefore be defined as the examination of large pre-existing databases in order to discover/identify patterns that will be useful in generating new information.

Data Mining is also known as Knowledge Discovery in Databases.

Data Mining will not be complete if the results of the analysis are not used for future purposes, therefore, Mara Kay will use the results of her findings for future promotions.

5 0
4 years ago
Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.55 and the variable cost per unit is $16.15. Goldfa
IRINA_888 [86]

The contribution margin per unit is $7.4.

<h3>What is the contribution margin?</h3>

The contribution margin is the percentage of a product's sales revenue that isn't consumed by variable costs and goes toward paying the firm's fixed expenses.

One of the main components of break-even analysis is the idea of contribution margin.

Labor-intensive businesses with limited fixed expenses typically have low contribution margins, whereas capital-intensive, industrial corporations typically have high contribution margins.

Contribution margin per unit = Revenue per Unit ₋ Variable Expenses per Unit.

Contribution margin per unit = $23.55 ₋ $16.15

Contribution margin per unit = $7.4

Therefore, the contribution margin per unit is $7.4.

To know more about contribution margin refer to:  brainly.com/question/14950546

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6 0
2 years ago
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