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
NNADVOKAT [17]
3 years ago
7

Omar has saved $1,100. Does he have enough to move into this apartment? Security Deposit $500 Application Fee $10 First Month’s

Rent $550 Electricity $25 connection fee; $40 per month Telephone approximately $36 per month; $40 to connect Water $26 per month; a deposit of $50 Yes No
Business
2 answers:
Mariana [72]3 years ago
7 0
No, he would still need $177 to move into that apartment. The total was $1,277 but he only has $1,100.
gogolik [260]3 years ago
7 0

Answer:

No. Omar does not have enough money to move into his apartment. He needs save $177 more

Explanation:

1. Write all the expenses to move:

Security Deposit $500

Application Fee $10

First Month's Rent $550

Electricity $25

Conection fee $40

Telephone $36

Connect water $40

Water per month $26

Deposit $50

2. Add up all the expenses to move

Expenses to move=$500+$10+$550+$25+$40+$36+$40+$26+$50

Expenses to move=$1277

3. As Omar has saved $1,100 you should subtract the total cost of all the expenses to know if he can pay everything to move:

Total=$1,100-$1,277

Total=-$177

Therefore Omar does not have enough money to move into his apartment.

You might be interested in
A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
xenn [34]

Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday 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 at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0
3 years ago
the federal reserve: regulates the banking system. clears all checks. prints all currency. makes loans to individuals.
Andrew [12]

The Federal reserve regulates the banking system. The American government's central bank and monetary authority is known as the Federal Reserve System.

  • A secure, adaptable, and stable monetary and financial system is provided by the Fed for the nation.
  • The 12 regional Federal Reserve Banks that make up the Federal Reserve System are each in charge of a particular part of the country.
  • Conducting national monetary policy, overseeing and regulating banks, preserving financial stability, and offering banking services are among the Fed's primary responsibilities.
  • The Fed manages the nation's money supply through the Federal Open Market Committee, which also sets monetary policy.
  • The Federal Reserve System's primary regulator of banks that are members is the Fed, which has broad authority to take action to promote financial stability.

Learn more about Federal Reserve System, here

brainly.com/question/3603615

#SPJ4

6 0
1 year ago
Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for
Novay_Z [31]

Answer:

Joe's Pizza Parlor

The highest number of workers that Joe will hire if he must pay each one $35 a day is

4 workers.

If he wants to maximize his profits without satisfying customers' demand, Joe can choose to work with 2 or 3 workers.  However, he can renegotiate the worker's wages downwards.

Explanation:

a) Data and Calculations:

Price of pizza = $5

Wage per worker = $35/day

Number of Workers         0     1      2      3        4       5

Pizzas Baked Per Day      0    12   18     24     30     32

Total revenue                   0   60  90   120    150    160

Marginal revenue             0   60  30    30      30      10

Marginal cost of labor      0    35  70   105    140    175

Profit                                 0    25  20     15      10     -15

 

7 0
3 years ago
You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $25
JulijaS [17]

Answer:

Please find the complete solution in the attachment file.

Explanation:

Please find the attachment table for the 3 years of cash flow:

5 0
3 years ago
A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expend
diamong [38]

This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.

We can arrive at this answer because:

  • A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.
  • These amortization expenses allow the cost of long-term assets to be represented in the payment.
  • However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.

In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.

More information:

brainly.com/question/23160357?referrer=searchResults

5 0
3 years ago
Other questions:
  • Laura is a student at a state university. In 2018, she received a scholarship of $6,000 for tuition and fees and an assistantshi
    5·1 answer
  • explain how companies engage in price competition in nonprice competition and give an example of each kind of competition
    9·1 answer
  • In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
    8·1 answer
  • Governments use _____ to boost exports and restrict imports. formal instruments of trade policy administrative trade policies su
    8·1 answer
  • The master budget is a.typically for a 1-year period corresponding to the fiscal year of the company. b.the selective financial
    12·1 answer
  • The first economist was:​
    5·1 answer
  • Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the be
    6·1 answer
  • Two-Asset Portfolio Stock A has an expected return of 12% and a standard deviation of 35%. Stock B has an expected return of 17%
    11·1 answer
  • On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30
    9·1 answer
  • hich two of the following is are examples of an employee behaving in a way that confirms the theories of elton mayo?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!