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3 years ago

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Which of the following would count as a SMART (specific, measurable, attainable, realistic, and timely) goal for a 21-year-old r

ecent college graduate with a degree in Accounting? She has about $30,000 in student loans after attending college for 4 years

1 answer:

Sergeeva-Olga [200]3 years ago

3 0

<u>Note:</u>

<u>I was unable to find the complete question. The only thing I accessed successfully was the solution of the question.</u>

Answer:

Reduce student loan balances by $12,000 within 5 years by making extra payments of $200 each month.

Explanation:

The reason is that the reduction in the student loan is:

Specific as it addresses about the solution of the plan which in this case is paying extra $200 each month.

Measurable as the student loan reduction is by $12,000, time duration and the extra payment is also measurable.

Attainable as the each month extra payment of $200 is not large amount.

Realistic as the reduction by $12,000 is computed on appropriate grounds ($200 per month * 12 month * 5 years).

Timely as the achievement duration of the goal set is 5 years.

Hence the goal is SMART.

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Linda loves buying shoes and going out to dance. Her utility function for pairs of shoes, S, and the number of times she goes d

padilas [110]

Answer:

See Explanation

Explanation:

Given

$U(S,T) = 2ST$

$M_U_S =2T$

$M_U_T=2S$

The following details are omitted from the question

$P_S= \$50$ --- Price of the Shoes

$P_T = \$50$ --- Spent on dancing

$B = \$500$ --- Budget on shoe and dancing

Solving (a): Her budget line

First, we determine her budget equation (B).

This is calculated by:

$B = P_S * S + P_T *T$

This gives:

$500 = 50 * S + 50 * T$

$500 = 50 S + 50 T$

Divide through by 50

$10 =S + T$

$S + T = 10$ --- The budget equation

<em>See attachment for the budget line equation</em>

Solving (a): Optimal Consumption Bundle Point

First, we determine the marginal rate of substitution (MRS) using:

$MRS = \frac{MU_s}{MU_t} = 1$

$MRS = \frac{2S}{2T} =1$

This implies that:

$\frac{2S}{2T} = 1$

Cross Multiply

$2S = 2T * 1$

$2S = 2T$

Divide by 2

$S = T$

Substitute T for S in the budget equation

$T + T= 10$

$2T = 10$

$T=5$

Recall that:

$S = T$

$S = 5$

So, the point if optimal consumption bundle is (5,5)

<em>See attachment for point R</em>

5 0

3 years ago

The marginal propensity to save is 0.2. equilibrium gdp will decrease by $50 billion if the aggregate expenditures schedule decr

s344n2d4d5 [400]

The marginal propensity to save is 0.2. equilibrium gdp will decrease by $50 billion if the aggregate expenditures schedule decreases by:$10 billion.

<h3>Aggregate expenditures schedule</h3>

Using this formula

Aggregate expenditures schedule=Marginal propensity to save×Equilibrium gdp

Where:

Marginal propensity to save=0.2

Equilibrium gdp=$50 billion

Let plug in the formula

Aggregate expenditures schedule=0.2×$50 billion

Aggregate expenditures schedule=$10 billion

Therefore the marginal propensity to save is 0.2. equilibrium gdp will decrease by $50 billion if the aggregate expenditures schedule decreases by:$10 billion.

Learn more about Aggregate expenditures schedule here:brainly.com/question/13117251

#SPJ1

3 0

2 years ago

Choose an existing product or service (not the same as your Course Project), and write a one-page summary that answers the follo

vitfil [10]

Answer:

Apple Iphone.

Target customers are the wealthy class of the society, the target customers are mostly in search for a good brand name when they want to buy something, Apple Iphone is mostly competing with Samsung where both make additions to the phones for new features according to the customers needs. I think Apple is not having a customer focusing culture because the most recent launch of the phone only comes with a phone and the charger for the phone is to be purchased separately, they present this change as environmental friendly but the customers need to buy a charger when they buy a phone which can be frustrating. Apple can include the charger with the phone and combine the price for both as the customers are not looking for lower prices in fact they are looking for a good brand.

Explanation:

Apple Iphone.

Target customers are the wealthy class of the society, the target customers are mostly in search for a good brand name when they want to buy something, Apple Iphone is mostly competing with Samsung where both make additions to the phones for new features according to the customers needs. I think Apple is not having a customer focusing culture because the most recent launch of the phone only comes with a phone and the charger for the phone is to be purchased separately, they present this change as environmental friendly but the customers need to buy a charger when they buy a phone which can be frustrating. Apple can include the charger with the phone and combine the price for both as the customers are not looking for lower prices in fact they are looking for a good brand.

8 0

2 years ago

What aspect of an asset is the determining factor as to whether it should be protected, and at what level protection should be e

icang [17]

Answer:

Value

Explanation:

An asset can be tangible i.e physical e.g. buildings, cars, land, e.t.c. or intangible i.e. invisible , e.g. goodwill. The value of an asset is the importance an individual or an entity attached to an asset, it can be monetary or non-monetary. Individuals and corporate entities will want to protect their critical assets, examples of critical assets are assets which the survival of an entity depends, the decision regarding which asset to protect and the level of protection required depends on the critcality or otherwise of an asset.

5 0

3 years ago

Beginning inventory 0

Rama09 [41]

Answer:

a) The unit product cost under absorption costing is $51.

b) Income Statement for May:

Sales Revenue $3,564,000

Cost of goods sold 2,244,000

Gross profit $1,320,000

Selling and admin.

expenses 650,000

Net operating income $670,000

Explanation:

a) Data and Calculations:

Beginning inventory 0

Units produced 49,000

Units sold 44,000

Ending inventory 5,000

Selling price per unit $81

Selling and administrative expenses:

Variable per unit $2

Fixed (total) $562,000

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit $9

Variable manufacturing

overhead cost per unit $4

Total direct costs per unit $31

Fixed manufacturing overhead cost (total) $980,000

Unit product cost under absorption costing:

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit $9

Variable manufacturing

overhead cost per unit $4

Total direct costs per unit $31

Fixed manufacturing

overhead cost (total) $20 ($980,000/49,000)

Total unit product cost = $51

Cost of goods manufactured = $2,499,000 ($51 * 49,000)

Cost of goods sold = $2,244,000 ($51 * 44,000)

Selling and administrative expenses = $650,000 ($2 * 44,000 + 562,000)

8 0

3 years ago