Answer: Edmond's budget line equation is 6V - 24G = 48
Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
Let Punk video cassette = V
Garbage = G
Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances
6V - 24G = 48
Answer:
The answer is a
Explanation:People exert more control over their careers by changing jobs more frequently.
Answer:
$444
Explanation:
Hi, I have attached the full question as an image below.
The period payment is the installment amount required to be paid on the loan. Installments are made after different periods for different loans in a year. Some instalments may be paid once or twice during the year. These instalments comprise the interest charge and the repayment of the principle until the loan matures (the future value becomes $0).
So given the data as :
<em>Principal (PV) = $30,000</em>
<em>Interest (I/YR) = 4 %</em>
<em>Period per year (P/YR) = 6</em>
<em>Total Periods (N) = 15 × 6 = 90</em>
<em>Future Value (FV) = $ 0</em>
<em>Payment (PMT) = ?</em>
Inputting the data in a financial calculator as : (PV) = $30,000, (I/YR) = 4 %, (P/YR) = 6, (N) = 15 × 6 = 90 and (FV) = $ 0 we can solve PMT as $444
Conclusion ;
Periodic payment R required to amortize a loan is $444
Answer:
Location 1
Payback period
= Cash outflow/Cash inflow
= $255,000/$51,000
5 years
Location 2
Year Cashflow Cumulative cashflow
$ $
0 (255,000) (255,000)
1 82,000 (173,000)
2 61,000 (112,000)
3 41,000 (71,000)
4 33,000 (38,000)
5 20,000 (18,000)
6 18,000 0
7 89,000
8 64,000
Payback period = 6 years
Explanation:
In location 1, we will divide the initial outlay by the annual cash inflows in order to obtain the payback period since the cash inflows are constant
In location 2, we deduct the initial outlay from the cashflow for each year until the cash inflow is fully recovered.