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algol13
2 years ago
15

Each day you have $5 for lunch. Today, you decided to save $2

Business
1 answer:
prisoha [69]2 years ago
8 0

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

Explanation:

The term money can be defined as a thing that serves as

  • A medium of exchange which is usually financial in nature.
  • It is used by the borrower to repay back to the lender-used to repay the debt.
  • It is used as an unit of accounting to measure your income and expenditure.
  • It is used to store the value of money -in other words used to save  the  purchasing power of an individual

Thus we can say that ,

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

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Which of the following is not considered when you are calculating cost of quality?
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Answer: The following is not considered when you are calculating cost of quality:<u><em>  The cost of gaining formal acceptance of project deliverable.</em></u>

Cost of Quality contains all the costs that are both internal and external to the system; whereas, the Cost of Quality include the conformance, considering any costs connected with both appraisal and interference.

Cost of Quality is calculated as :

Cost of Quality = Cost of Poor Quality  + Cost of Good Quality

4 0
3 years ago
The cookie company in the mall hires only labor to produce cookies. The workers are paid $80 per day, and the cost of renting th
ivanzaharov [21]

Answer: C. $250

Explanation: fixed cost are cost which do not change even when other factors Change. Example of fixed cost is ‘rent’ even if the employees increase up to a 100 this variable won't affect the cost of rent which is $250. Unlike salary that increases with an increase in workers.

Labour cost per day of hiring two workers = $80 x 2 = $160

Total cost per day when three

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Total Cost = fixed cost + labor cost

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4 0
3 years ago
Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Grace [21]

Answer:

Fixed costs = $13,000

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Explanation:

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Fixed cost = $10,000 + $3,000 = $13,000

Variable costs are costs that vary with production. In this question, they are the cost of purchase of raw meat, wages and fuel costs.

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I hope my answer helps you.

8 0
3 years ago
John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 eq
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Answer:

$21,796.14

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Use the Time Value of Money techniques to calculate the amount of each installment (PMT)

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i =  6 %

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2 years ago
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aliya0001 [1]

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