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faltersainse [42]
2 years ago
14

In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for

two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after getting his degree, approximately how many years will it take him to recover his investment?
a.
1
b.
5.6
c.
6.6
d.
12.2



Please select the best answer from the choices provided


A
B
C
D
Business
1 answer:
alina1380 [7]2 years ago
6 0

Answer: C

Explanation: Took the test

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Rupesh wants to buy a new BMW priced at $54,000. He makes a down payment of 20% of the original price. He also trades-in his old
AlladinOne [14]

Answer:

The approximate payment at the end of every month will be $603.22.

Explanation:

Since the payment is going to be made at the end of every month, this can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the balance = Price of BMW - Down payment - Old car sales amount = $54,000 - ($54,000 * 20%) - $10,000 = $33,200

P = Monthly payment = ?

r = Monthly interest rate = Annual interest rate / 12 = 3.45% / 12 = 0.0345 /

12 = 0.002875

n = number of months = 60

Substitute the values into equation (1) and solve for P, we have:

$33,200 = P * ((1 - (1 / (1 + 0.002875))^60) / 0.002875)

$33,200 = P * 55.0377058660197

P = $33,200 / 55.0377058660197

P = $603.22

Therefore, the approximate payment at the end of every month will be $603.22.

5 0
2 years ago
When a firm gets so large that coordination and management of workers and other inputs becomes costly and difficult, it is exper
elena55 [62]

Answer:

The correct answer is the option A: Diseconomies of scales.

Explanation:

To begin with, the concept known as <em>''diseconomies of scales''</em>, in the field of economics and management, refers to the situation where an organization finds itself in problems due to the fact that a large production is being produced by them and the coordination and management of that large production is beginning to cause trouble and that impacts in the fact that the company will produce good or services with an increase in the cost per unit of the products.

7 0
2 years ago
Hommie Delicacies produces two products (Orapine and Banango) from a joint process. The joint cost of production is GH¢80,000. F
SVEN [57.7K]

Answer:

Explanation:

Joint cost = 80,000

Orapine

cost of 5000 at 20 = 100,000

Incremental Cost of further processing =20,000

Incremental revenue = 5000* (25-20)= 25,000

Incremental income                                   5,000

Banango

cost of 10000 at 15 = 150,000

Incremental cost of further processing =  20,000

Incremental revenue = 10,000*(16-15) = 10,000

Incremental income = (10,000) loss

If  Orapine is processed further , there will be an incremental income of 5,000 compared to Banango that will bring an incremental loss of 10,00 if processed further.

Based on this , it is advised that Orapine be processed further while Banango is not

3 0
3 years ago
Louise is overwhelmed with the new tasks that she has been assigned after the department merger. Each day, she arrives at work a
mojhsa [17]

Answer:

D. Time-management.

Explanation:

Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity.

8 0
3 years ago
2 Points
Serhud [2]

Answer:

The minimum wage

Explanation:

5 0
3 years ago
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