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Nataly_w [17]
3 years ago
5

Which of the following statements is true in the context of selecting the best alternative? a. The decision maker can only selec

t one best alternative. b. The decision maker can develop subjective estimates and weights for choosing an alternative. c. The decision maker must choose the alternative that involves the most costs. d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative. e. The decision maker can choose an alternative that does not pass the consequence, satisfactoriness, and feasibility test.
Business
1 answer:
Assoli18 [71]3 years ago
7 0

Answer:

d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.

Explanation:

It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.

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Your employer contributes $75 a week to your retirement plan. Assume that you work for your employer for another 20 years and th
irga5000 [103]

Answer:

This employee benefit is worth $40,384.69 today.

Explanation:

a) Data and Calculations:

Employer contributions per week = $75

Period of work for the employer = 20 years (20 * 52 = 1,040)

Applicable discount rate is 7.5%

PV = $40,384.69

Sum of all periodic contributions = $78,000.00 ($75*20*52)

Total Interest = $37,615.31

b) The worth of the employee benefit equals the present value of all the contributions by the employer and the accompanying interest, compounded weekly at 7.5% per annum for a period of 20 years.

4 0
3 years ago
How are quotes and voluntary export restraints similar?
igor_vitrenko [27]
Because they both come from someone personally
8 0
3 years ago
Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a memb
earnstyle [38]

Question:

Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $800 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $8,500 and never have to pay annual membership dues.

Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 7.9%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $800 in annual membership dues?

A. 14 years

B. 13 years

C. 19 years

D. 23 years

Answer:

19 years (Kindly note the above question is bit different in numbers because I was unable to find the remainder part of your question. But it provides excellent understanding of the question).

Explanation:

Here, we have four options and we will start finding "Advance Annuity" from the least number which is 13% and then we move to a greater number.

<u></u>

<u>Best Choice:</u>

The best choice will be the one which is almost equal to or smaller than the value of the lifetime membership $8,500 and takes least time.

<u></u>

<u>For 13 Years</u>

Annuity = Cashflow * (1 + Annuity Factor at 7.6%)

Annuity at 7.6% for 13 years = (1 -  (1 + 7.6%)^-(13 - 1) / 7.6% = 7.6948

Annuity = $800 * (1 + 7.6948) =  $6,956

<u>Similarly for 14 Years:</u>

Advance Annuity = Cashflow * (1 + Annuity Factor at 7.6%)

Advance Annuity at 7.6% for 14 years = (1 -  (1 + 7.9%)^-(14 - 1) / 7.6% = 8.0807

Advance Annuity = $800 * (1 + 8.0807) = $7265

<u>Similarly for 19 Years:</u>

Advance Annuity = Cashflow * (1 + Annuity Factor at 7.6%)

Advance Annuity at 7.6% for 19 years = (1 -  (1 + 7.9%)^-(19 - 1) / 7.6% = 9.6377

Advance Annuity = $800 * (1 + 9.6377) = $8510.16

As the annuity value slightly crosses $8500, hence it is somewhat between 18 to 19 years. Thatswhy we will not consider the last option with 23 years as the nearest option is 19 years.

7 0
3 years ago
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct mater
Anna007 [38]

Chair unit cost:                 $    49.72

Total cost for 675 chairs:  $  33,561

Solution:

Direct Materials:                                                                       $  14.00

Direct Labour:   1.9 hours x $16 labour cost:                           $ 30.40

Overhead:

1.9 labour hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $  5.32  

                                        Total unit cost:                             $ 49.72

Cost to produce 675 chairs:

675 chairs x $ 49.72 per chair = $ 33,561‬

3 0
3 years ago
Which of the following are characteristics of an economic union
krek1111 [17]
The answer i believe is A. common trade regulations
8 0
4 years ago
Read 2 more answers
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