1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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 .

You might be interested in
Calculate the payback period for the following investment: Invest ($10,000). Cash flows in Yr1: 1,000; Yr2: 3,000; Yr3: 3,000; Y
mihalych1998 [28]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

In the payback, we analyze in how many years the invested amount is recovered

In year 0 = -$10,000

In year 1 = $1,000

In year 2 = $3,000

In year 3 = $3,000

In year 4 = $3,000

In year 5 = $100,000

In year 6 = $250,000

If we sum the first 4 year cash inflows than it would be $10,000

And, the initial investment is also $10,000

So, in 4 years, the investment amount is recovered

8 0
3 years ago
A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and
bogdanovich [222]

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

Explanation:

The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.

6 0
3 years ago
The law of large numbers says that when many people are insured, the probability distribution of the losses will assume a normal
Dahasolnce [82]

Answer:

allows accurate predictions.

Explanation:

The law of large numbers  states that the larger the amount of policy holders, the probability distribution of the number of claims (losses for the insurance company) will be shaped like a normal distribution. This allows the companies to make more accurate predictions about the future number of claims.

In statistics, the law of large numbers states that as the sample size increases, the mean will be much closer to the real mean of the total population.

6 0
3 years ago
What vendor selection criteria are described by vendor attitude, cultural compatibility, training aids, packaging, and repair se
BlackZzzverrR [31]

Answer:

a.capability

Explanation:

Based on the information provided within the question it can be said that the vendor selection criteria described is their capability. This basically describes what the vendor is "capable" of providing to the customer in order to serve as a "value" to the vendor's store and bring in more customers that pay for those services.

3 0
3 years ago
Suppose that a group of manufacturing firms is asked whether orders for their product have increased, remained about the same, o
wariber [46]

Answer:

The answer is: The diffusion index of that group of manufacturing firms would be 0 (or remain the same if a previous diffusion index had been calculated)

Explanation:

A diffusion index is the common tendency within a group of numbers or statistics to either increase, decrease or remain the same.

The general formula for calculating the DI is:

Diffusion Index (DI) = (Increases−Decreases) + Previous DI Values

In this case, the diffusion index can be calculated by

     Diffusion Index (DI) = (% orders increased - % orders decreased)

     DI = 40% - 40% = 0

4 0
3 years ago
Other questions:
  • Legal capital is best defined as
    5·1 answer
  • Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
    9·1 answer
  • During 2011, Clark Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire
    7·1 answer
  • How much does it cost to open a savings account??
    10·2 answers
  • A medium-size skincare company based in Minnesota plans to expand operations into four countries in Europe. The company decides
    13·1 answer
  • Celestica Precision Machining is interested in expanding operations into South America but they lack personnel with deeper cultu
    11·1 answer
  • which of the following countries had the highest per capita GDP in 2013? Iran, Malaysia, Poland, Turkey
    13·1 answer
  • what is the present value of $7500 per year, at a discounted rate of 7.1%, of the first payment is received 6 years from now and
    14·1 answer
  • Kaelea, Inc., has no debt outstanding and a total market value of $81,000. Earnings before interest and taxes, EBIT, are project
    8·1 answer
  • You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!