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3 years ago

What other cost categories are not reflected in the budget above? And how much do you estimate they will cost

Business

1 answer:

BaLLatris [955]3 years ago

3 0

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The other cost categories that are not reflected in the budget above are the following.

Monthly internet subscription, recreational center, laundry, school expenses, entertainment, home supplies, and drugstore. (which include, cream, shampoo, soap, toothpaste, etc.)

And how much do you estimate they will cost?

Monthly internet subscription $15

Recreational Center $25

Laundry $30

School expenses $20

Entertainment $100

Home supplies $25

Drugstore (which include, cream, shampoo, soap, toothpaste, etc.) $50

The key here is not only to have a good budget but respect it and follow through. Otherwise, you will have problems at the end of the month trying to make ends meet.

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Answer:

The amount of money in my savings account will be closest to $29,213

Explanation:

A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,000 per year payment for 18 years at 6% interest rate is also an annuity.

We can calculate the amount of saving by calculating the future value of the given annuity.

Formula for Future value of annuity is as follow

Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r

Where

P = Annual payment = $1,000

r = rate of return = 6%

n = number of years = 18 years

Placing Value in the formula

As on the 18th payment no compounding interest income is accrued yet because grandparent made it now.

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 6% ]^18-1 - 1 ) / 6%

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 0.06 ]^17 - 1 ) / 0.06

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3 years ago

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month perio

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Answer:

$33,000

Explanation:

The calculation of the fixed cost and the variable cost per machine hour by using high low method is shown below:

Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)

= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)

= $45,000 ÷ 30,000 hours

= $1.5

Now the fixed cost is

= High manufacturing overhead cost - (High machine hours × Variable cost per hour)

= $198,000 - (110,000 hours × $1.5)

= $198,000 - $165,000

= $33,000

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Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

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Answer:

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2) Storming Stage - In this stage the group starts understanding how team decisions are made and purposes in this stage are very clear but the team relationship need to be bonded yet.

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4) Performing Stage - In this stage Teams are committed to perform well and the focuses are bends towards the strategies that are made by team to achieve goal and bound with little oversight.

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