Answer:
Total cost of operating the video store is $110,000
Explanation:
You decided to leave your job and operate a video rental store in the office space you inherited. You would not received the annually income from your job and rent commercial real estate.
Total income lost = $55,000 + $25,000 = $80,000
Total cost of operating the video store = Total income you lost + total costs for video purchases, utilities, taxes, and supplies = $80,000 + $30,000 = $110,000
:Answer: Steven is Acting Rationally,
Jacklyn is Acting Irrationally, Brian is acting irrational
Explanation:
Rational behavior refers to a thoroughly thought out decision-making process that people make result in thier benefit alone
For irrational behaviours, choices are made without thinking thoroughly and do not benefit the individual.
Here, Steven acted RATIONAL by leaving the restaurant because the meal according to me does not taste well, he would rather leave than manage what is detrimental to him.
Jacklyn acted lRRATIONAL because she spends more than what she can, in the long run, this will not be beneficial to her.
Brian also acts IRRATIONAL because he reduces to do his assignment at the right time, knowing fully well the cons of behaving like this will not be beneficial to him.
Answer:
c. $31,888
Explanation:
The formula for calculating the present value is as below
Pv = FV x { 1/ (1+ r)^n }
Pv = $40,000 x { 1/ (1 +0.12)^2
Pv =$40,000 x (1/1.2544)
Pv =$40,000 x 0.7971938
Pv =$31,887.50
They are most beneficial when they join together resources and knowledge in a combination that complies with the VRIO framework.
Answer:
$59.00.
Explanation:
Because it is perpetual method we will check the inventory available at the moment of each sale.
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<u>First sale:</u>
Inventory Available Jan 1st 10 units at $4
sales 6 units COGS $4 = 24
<u>Second Sale:</u>
Inventory Available Jan 1st 4 units at $4 $16
Jan 17th 8 units at $5.5 $44
Total 12 untis at $60 = 60/12 = $5 per unit
sales 7 units COGS $5 = 35
Total COGS 35 + 24 = 59
