1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fantom [35]
2 years ago
10

A new faculty member at the local university pays $1,500 per month to rent an apartment in the downtown area. She teaches on cam

pus three days a week and works from home the remaining two days. On the days when she must commute, given the heavy traffic congestion, it takes her two hours each way to commute from downtown to campus. According to the assumptions of the bid-rent model, what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25
Business
1 answer:
Naddik [55]2 years ago
3 0

Answer:

$2,700

Explanation:

Calculation for what should this professor be willing to pay in rent per month

First step is to calculate the Transportation cost per week

Transportation cost = ($25*4 hrs)* 3 per week

Transportation cost =$100*3 per week

Transportation cost= 300 a week

Now let calculate the rent per month

Rent per month= $1500 + ($300*4)

Rent per month=$1,500+$1,200

Rent per month= $2,700

Therefore what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25 will be $2,700

You might be interested in
Ivanhoe company purchased machinery with a list price of $88000. They were given a 7% discount by the manufacturer. They paid $4
cestrela7 [59]

Answer:

A) $6194

Explanation:

Price before discount = $88,000

discount rate = 7%

Amount of discount = 7% *$88,000 = $6,160

Price after discount = Price before discount - Amount of discount

= $88,000 - $6,160

Price after discount = $81,840 (this is the price included in depreciation)

Items included in total cost of machinery;

Price of machinery after discount = $81,840

Shipping  cost = $400

Sales tax = $4,700

Therefore, total cost is therefore = $81,840 + $400 + $4,700 = $86,940

Depreciation per year = (Total cost of the machinery - salvage value) / useful life

= (86,940 - 25,000)/ 10

= 61,940/10

= 6,194

Therefore annual depreciation = $6,194

8 0
3 years ago
Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's woul
Anvisha [2.4K]

Answer:

The answer is: E) None of these.

Explanation:

A foreign national is a person who wasn´t born in the country in which he or she temporarily lives in.

We don´t have enough information to know if Carrie´s Car Care is a wealthy company. Maybe its total sales are just $10,000 a year but they export $2,500.

A multinational corporation usually has branches or subsidiaries. All we know about Carrie´s Car Care is that it makes some money outside the US, but we don´t know how. Maybe they simply export 25% of their products or maybe they are a huge multinational corporation. Not enough information.

The term globalization corporation doesn´t exist. The term corporate globalization refers to very large multinationals that reach all or most of the world´s markets.

6 0
3 years ago
Candy is trying to decide between two job offers. The compensation package for job A includes a $300-per-month health insurance
miskamm [114]

Answer:

Part 1. Monthly  health insurance benefit for job A is $205

Yearly health insurance benefit for job A is $2,460

Monthly  health insurance benefit for job B is $295

Yearly health insurance benefit for job B is  $3,540

Part 2. The yearly value of the life insurance policy for job A is $480

The yearly value of the life insurance policy for job B is $600

Part 3. The yearly value of the 401 (k) match from job A is $3, 250

The yearly value of the 401 (k) match from job B is $5, 760

Explanation:

Part 1. The health insurance benefit per month for job A = $300 - $95 = $205

The annual health insurance benefit = $205×12 = $2,460

The health insurance benefit per month for job B = $400 - $105 = $295

The annual health insurance benefit = $295×12 = $3,540

Part 2. The monthly life insurance plan for job A = $40

The yearly value of the life insurance policy for job A = $40 × 12 = $480

The monthly life insurance plan for job B = $50

The yearly value of the life insurance policy for job B = $50 × 12 = $600

Part 3. The yearly value of the 401 (k) match from job A = 0.05 × $65,000 = $3, 250

The yearly value of the 401 (k) match from job B = 0.09 × $65,000 = $5, 760

4 0
3 years ago
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education.
mojhsa [17]
It is D. There are 12 months in a year and she needs to save atleast 9,000. 
600x12=7,200
350x24=8,400
225x36=8,100
200x48=9,600
7 0
3 years ago
Read 2 more answers
The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
Len [333]

Answer:

It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.

Explanation:

The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.

4 0
3 years ago
Other questions:
  • An industry currently has firms, each of which has fixed costs of and average variable costs as follows: Quantity Average Variab
    14·1 answer
  • States conduct annual telephone surveys of residents as part of this evaluation to pinpoint behaviors that increase risk for chr
    7·1 answer
  • When ur around 12 years old what time should ur bedtime be
    15·2 answers
  • Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta
    7·1 answer
  • At colleges and universities, the ethics review process is managed by a committee that is commonly named: Group of answer choice
    12·1 answer
  • The cost of direct materials transferred into the Bottling Department of Mountain Springs Water Company is $538,900. The convers
    12·1 answer
  • PLEASE HELP, ILL GIVE BRAINLIEST IF IT'S RIGHT. 35 POINTS! the answer isnt C!
    15·2 answers
  • In the Solow growth model without population growth or technological progress, if investment is greater than depreciation, the c
    15·2 answers
  • Which practice will help prevent data loss in case of a computer malfunction?
    5·2 answers
  • A stock has an expected return of 12.9 percent and a beta of 1.30, and the expected return on the market is 11.80 percent. What
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!