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Fynjy0 [20]
2 years ago
13

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

r wash, and the price of workers is $60 per day. Should the car wash hire a fifth worker if the total number of washed cars would increase to 100?
Business
1 answer:
inn [45]2 years ago
4 0

Answer:

Hire new worker if production increases by at least his/ her salary = by $60 which is equivalent to 12 extra car washes.

Hence 80 + 12 = Answer = 92 cars per day.

Yes he must hire a fifth worker .

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Answer:

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2 years ago
A cause can have many final manifestations. this is referred to as
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The manifestations of cause are referred to as the effects
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3 years ago
In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
Tanya [424]

A sample savings plan for a college student based on the given requirements would be:

  • Daily savings: $500
  • Weekly savings: $3,500
  • Monthly savings: $14,000
  • Yearly savings: $168,000
  • It would 6 months of saving to get $84,000

<h3>What is a Savings Plan?</h3>

This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.

Hence, we can see that the useful information to be used is:

(Yearly)

  • College fees: $30,000
  • Housing: $24,000
  • Food: $16,000
  • Books: $12,000
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6 0
1 year ago
Mikkelson Corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk prem
enot [183]

Answer:

a. 16.50%

Explanation:

Find the beta as of last year using CAPM;

CAPM ; r = risk free + beta(Market risk premium)

0.125 = 0.03 + beta(0.0475)

Subtract 0.03 from both sides;

0.125-0.03 = 0.0475beta

0.095 = 0.0475beta

Divide both sides by 0.0475;

0.095/0.0475 = beta

beta = 2

Next, use CAPM again to find the new required return with a market risk premium is 4.75%+ 2% = 6.75%

r =  0.03 + 2(0.0675)

r = 0.03 + 0.135

r = 0.165 or 16.5%

Therefore, the new required return is 16.5%

6 0
3 years ago
What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stoc
Eva8 [605]

Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882

Explanation:

stock A  Investment = Number of shares x market value

=130 x 40 = $5200

stock B investment =Number of shares x market value

110 x 30 =    $3,300

Total Investments= $5200 +  $3,300  = $8,500

portfolio Weight = stock  Investment / Total investment

portfolio Weight of A= 5200/ 8,500 =0.6118

portfolio Weight of B = 3,300 / 8,500 =0.3882

3 0
3 years ago
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