Ask question

Ask question

All categories

3 years ago

13

Two siblings each pay 30% of their parents support so they can decide who will claim the parents with a multiple support agreemo

nt
Choose one answer a True
b. False

1 answer:

MrRa [10]3 years ago

4 0

B: false
Hope this helps you

You might be interested in

Ed is a freelance writer who could work for a newspaper for a salary of $25,000 a year but instead works for himself for $41,000

Norma-Jean [14]

Answer:

$38,000

Explanation:

Opportunity cost is the benefit forgone for choosing another alternative by the individual.

In this case, the total opportunity cost incurred by Ed in running his own business is the cost that is needed to maintain the business and the opportunity to attain a salary of $25,000 for working for a newspaper. Calculation is as follows:

Business Expenses + Rent + Salary (not availed) = Opportunity cost

1,000 + 12,000 + 25,000 = $38,000

Hence, the opportunity cost for running his own business is $38,000.

8 0

3 years ago

Kojo, a LifeCare Medical Supplies salesperson, follows Malin, a salesperson for National Medco Products, a LifeCare competitor,

Tasya [4]

Answer: the options are given below:

A. no tort.

B. wrongful interference with a business relationship.

C. conversion.

D. trade libel.

The correct option is B.

Explanation: From the question above, we can see that LifeCare Medical Supplies and National Medco Products are business rivals or competitors in the same industry, and Kojo works for LifeCare, while Malin works for National Medco.

The actions of Kojo will therefore be counted as a wrongful interference with a business relationship, this is because Kojo is specifically targeting the exact customers that Malin has sold to, thereby interfering with the relationship that Malin already has with the customers.

3 0

4 years ago

For the year, Uptowne Furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. The depreciation expense

slava [35]

Answer:

Dividend paid in current year = $6,898

Explanation:

Calculating net profit

Sales = $818,790

Less: Costs = $748,330

Less: Interest = $24,450

Less: Depreciation = $56,100

Earning before taxes = Loss (10,090)

Tax benefits = $10,090 $\times$ 34% = $3,431

Net losses = $10,090 - $3,431 = $6,659

Opening retained earnings = $172,270 Less: Losses for the year = $6,659

Balance = $165,611

Less: Closing balance = $158,713 = $6,898

Thus<u> amount of dividend paid in current year = $6,898</u>

Change in value of common stock will not be considered.

5 0

3 years ago

A country currently has a population of 100 million and an annual growth rate of 3.5 percent. If the growth rate remains constan

pogonyaev

Answer:

D. 400 million

Explanation:

Current Population of the country = 100 million

growth rate per year = g = 3.5%

Number of Years = n = 40 Years

Population after 40 year = ?

To calculate the population after 40 year use following formula:

Population after 40 years = Current year population x ( 1 + growth rate )^ number of years

Population after 40 years = Current year population x $( 1 + g )^{n}$

Population after 40 years = 100 million x $( 1 + 0.035 )^{40}$

Population after 40 years = 100 million x $( 1.035 )^{40}$

Population after 40 years = 100 million x 3.959259

Population after 40 years = 395.93 million

Population after 40 years = 400 million ( Rounded off to nearest hundred )

6 0

4 years ago

A store offers two payment plans. under the installment plan, you pay 25% down and 25% of the purchase price in each of the next

Ann [662]

Answer

a-1 . The Present Value of the installment plan is $94.38.

We calculate the PV of $25 for each of the three following years with the following formula:

$PV_{Annuity} = Constant Payment * PVIFA_{0.04,3}$

where

PVIFA = Present Value interest factor of an annuity of $1 at 4% for 3 years.

$PVIFA_{0.04,3} = 2.77509103$

We can ascertain this in excel by using the syntax : =pv(0.04,3,-1).

In this syntax, 0.04 is the interest rate, 3 is number of periods and since the annuity is $1 we write 1. We need to put in -1 because otherwise, we'll get the answer as a negative number. This is because excel treats any Present Values as outflows, and records them as negative.

Substituting the values above in the preceding equation we get,

$PV_{Annuity} = 25 * 2.77509103$

$PV_{Annuity} = 69.3772758$

In order to find the Present Value of the installment plan, we need to add the down payment of $25. So,

$PV_{instalment} = $25 + 69.3772758$

PV of instalment = $94.38

a-2. We get a 6% discount when we pay in full, so the purchase price of the product becomes:

$Purchase price = 100 - (100*0.06)$

$Purchase price = $94 (100 - 6)$

Since the purchase price of the pay in full plan is lesser than that of the installment plan, the pay in full plan is a better option.

b-1. The Present Value of the installment plan is $90.75.

Since the first instalment falls due only after one year, we calculate the PV of $25 each of four years with the following formula:

$PV_{Annuity} = Constant Payment * PVIFA_{0.04,4}$

where

PVIFA = Present Value interest factor of an annuity of $1 at 4% for 4 years.

$PVIFA_{0.04,4} = 3.62989522$

We can ascertain this in excel by using the syntax : =pv(0.04,4,-1).

Substituting the values above in the preceding equation we get,

$PV_{Annuity} = 25 * 3.62989522$

$PV_{Annuity} = 90.7473806$

b-2. In this case, the PV of the <em><u>pay in full plan remains at $94</u></em> while that of the <em><u>instalment plan falls to $90.75</u></em>. <em>Since the PV of the Instalment plan is lower, we'll choose the instalment plan.</em>

6 0

3 years ago