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
Montano1993 [528]
3 years ago
5

You can purchase an item you need for a project for $10,000 and it has daily operating costs of $500, or you can lease the item

for $700 per day. On which day will the purchase cost be the same as the lease cost?
Business
1 answer:
aleksandr82 [10.1K]3 years ago
3 0

Answer:

On the 50th day, the purchase cost will be equal to the lease cost

Explanation:

Given that:

  • Daily operating costs of $500
  • Purchasing cost for the item:  $10,000
  • Lease amount: $700

Let x is the number of days the purchase cost be the same as the lease cost. As we now that:

The total cost should be equal to the total lease received

<=> 10,000 + 500x = 700x

<=> 200x = 10000

<=> x = 50

Hence, on the 50th day, the purchase cost will be equal to the lease cost

You might be interested in
Choose all that apply. Select all the laws and regulations that protect your bank account. Truth in Savings Act Electronic Fund
qaws [65]
I need to know what the chocies are so i can answer your question

5 0
3 years ago
Read 2 more answers
Maria, a senior product manager at Impasse Software, recently retired. Since sales of Maria's primary products have been declini
sp2606 [1]

Answer:

Attrition

Explanation:

The right answer to the question is attrition and what is attrition in business sense: is simply means a situation where organization staff strength gradually and deliberately reduces as employees retire or resign and are not replaced.

So in this case Maria retire and nobody was hired to replace her position in the company and again all her subordinates were reassigned to other departments. It is also worth noting that attrition could also be a way of a company is losing her customer base as a result of other factors

6 0
3 years ago
When a government transfers the rights and obligations of an asset to another legally separate governmental or private sector en
Mamont248 [21]

Answer: A service concession arrangement (D)

Explanation:

A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.

Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.

4 0
3 years ago
(Consider This) According to economist Abba Lerner (1903-1982), fiscal and monetary policy is analogous to
bulgar [2K]

Answer:

a steering wheel in an automobile.

Explanation:

Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.

Hence, the correct answer to the question is "a steering wheel in an automobile."

3 0
3 years ago
Henrietta transfers cash of $75,000 and equipment with a fair market value of $25,000 (basis to her as a sole proprietor, $10,00
katovenus [111]

Answer

The answer and procedures of the exercise are attached in a image below****

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

3 0
3 years ago
Other questions:
  • Michael Jordan purchases (long) 10 shares of XYZ stock for 23.00 per share. Six months from now he will sell all 10 shares. The
    11·1 answer
  • A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows ​$2
    9·1 answer
  • Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing buildin
    7·2 answers
  • When experiences are insufficient and the risk of making a wrong decision i high, a consumer is more likely to use _____________
    13·2 answers
  • Which of the following is a regular outcome of being late to work
    10·1 answer
  • Fixed costs can be defined as costs that A. vary inversely with production. B. vary in proportion with production. C. are incurr
    10·1 answer
  • ________ determines the point at which the sum of carrying costs and ordering costs are minimized, or the point at which carryin
    15·1 answer
  • Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t
    9·1 answer
  • The following information is available for the year ended December 31: Beginning raw materials inventory$12,000 Raw materials pu
    6·1 answer
  • Services from health care to education are provided to people by the government. This is an example of _____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!