Answer:
Opportunity cost is giving up the working at Mc Donald's
Explanation:
Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.
In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.
Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.
We have
Price of the Ferrari nine years from now (Future Value - FV) $215000
Expected Rate of return on the mutual fund (r) 10.8%
Time until I turn 30 (n) 9 years
We can calculate the Present Value (PV) or the money to be invested today as
<span>A facility manager is the person responsible for coordinating all the employees and entities involved in the facility to ensure that they work on behalf of the facility and help meet its short- and long-term goals and objectives. Many people are in fact facility managers in their daily lives and do not realize it. The person who is the head of a household is really a facility manager. That person needs to purchase the house, pay the mortgage, paint the rooms, install new equipment such as air conditioners, maintain existing systems such as the roof, manage facility "subletting" (as in determining who is going to get which room), interact with government entities to pay taxes, and employ tradespeople such as plumbers and electricians.
Hope this helps.</span>
Since we are relying on our bank statements as evidence in many of the scenarios already discussed above, they should be kept for probably five years (maybe slightly longer). If you don't get physical bank statements mailed to your home, you should take it upon yourself to print them out monthly. Canceled checks should be kept for no longer than a couple of years, unless you need them to back up tax deductions and then <span>On tax records, many people would say just three years as that is the longest timeframe the IRS can generally go back and audit you. Three years would not be sufficient, however, as the IRS can go back much longer than this if you are suspected of substantially under reporting your income or other tax fraud. This is a tough one, but I think five to seven years is a good guideline here</span>. Canceled checks should absolutely be shredded before being disposed of.
I hope this answer helps! feel free to ask any additional questions :)
