The best three main roles of major credit reporting agencies are:
- Compile consumer credit
- Loan information and
- Provide it to lenders and businesses.
<h3>What is a credit reporting agency?</h3>
A credit reporting agency is a company that keeps track of people's and companies' credit histories. They get information from creditors and other sources, which they put into a credit report, which incorporates a credit score when it's released.
The best three main roles of major credit reporting agencies are:
- Compile consumer credit
- Loan information and
- Provide it to lenders and businesses.
Learn more about credit reporting agencies here:
brainly.com/question/9913263
Answer:
4, 1, 2,
Explanation:
Here are the projects and their returns
Project Return (%)
1 14
2 12
3 10
4 15
5 12
the firm should choose the project with the highest returns
Projects are mutually exclusive if the projects cannot occur at the same time. If one project is chosen, the others cannot be chosen.
Project 3,4,5 are mutually exclusive. If one of the projects are chosen, other projects cannot be chosen.
Project 4 has the highest return, so it would be chosen first.
the next project with the next highest return is project 1 and then project 2
Answer and Explanation:
I will go through each and every option explaining the reasons and what option would be the best:
The (a) part says 'difference in wages will eventually disappear since a haircut is a homogeneous good' - This is not true because even though it is an homogeneous product, some customers do have a strong preference for barbers who are not going bald. Therefore, they know their worth and they would want to capitalize on that and get paid just a bit more than bald barbers.
The (b) part says 'barbershops that hire barbers with hair will be able to charge a higher price for a haircut to those consumers who have a strong preference for barbers with hair'. - If the barbershop charges higher price for barbers that have hair then the customers will prefer bald barbers as the questions mentions that there is high competition and since it is an homogeneous, customers would be willing to save money and get their haircut from some other barber.
The (c) part says 'barbershops that hire bald barbers will always be much more profitable' - Not necessarily. The reason is that some customers have a strong preference for barbers who are not bald and therefore, that would help barbershops who have barbers with hair to be a bit more profitable as some additional customers would want their services.
The (d) part says 'barbershops that hire barbers with hair will always be much more profitable' - This is the best option and the reason for it is because some customers have a strong preference for barbers with hair and that would help the barbershop to earn more. They would have the customers who already indifferent to whoever cuts their hair and in addition to that, they would also have the customers who have their preference.
Hence the answer is D.
Answer:
For both 10,000 units and 20,000 units, the best alternative is Vendor B
Explanation:
Using the information provided in the question, we can write the following:
Annual Volume of 10,000 units
Internal Alternative 1
Variable costs = 170,000 (we multiply the variable cost per unit by total units)
Fixed costs = 20,000
Total costs = 370,000
Internal Alternative 2
Variable costs = 140,000
Fixed costs = 240,000
Total costs = 380,000
Vendor A
Total cost = 200,000 (we simply multiply the price by the quantity)
Vendor B
Total cost = 180,000
Vendor C
Total cost = 190,000
The cheapest option is Vendor B
Now for the 20,000 units:
Internal Alternative 1
Variable costs = 340,000
Fixed costs = 200,000
Total costs = 540,000
Internal Alternative 2
Variable costs = 280,000
Fixed costs = 240,000
Total costs = 520,000
Vendor A
Total cost = 400,000
Vendor B
Total cost = 360,000
Vendor C
Total cost = 380,000
Therefore, Vendor B is once again, the cheapest alternative.
