Answer:
1. Inside the dorm room, the movies are <em>Non-Rival</em> which means that one person can watch the movie and it will not diminish the ability of others to watch as well.
Also as they are all in the same dorm, the showing of the movie is <em>Non-Excludable</em> as well because no one can stop the other from watching.
Public good is both Non-Rival and Non-Excludable so the showing of a movie IS a public good.
2.
Musashi Sean Bob Eric Total Willingness to pay
10 9 8 3 30
8 7 6 2 23
6 5 4 1 16
4 3 2 0 9
2 1 0 0 3
The optimal number of movies that can be rented is dependent on their total willingness to pay. If their Total willingness to pay for the movie is above $8 which is the cost of a movie, then they will get it. From the table, the fifth movie is below the price of $8 so they <u>should rent 4 movie</u>s.
3. If they rent 4 movies and there are 4 of them then the cost per person is;
= (8 *4)/4 people
= 24/4
= $8
This means that each roommate will pay <u>$8</u>.
<span>The original cost of protein bar = $2.50
The increased cost of protein bar = $2.80
Therefore, the increase in price of the protein bar = $2.80-$2.50
=$0.30
percentage increase = (Difference in price / Original price) x 100
=(0.30/2.50)x100
=(3/25)x100
=3 x 4
=12%</span>
Answer:
Current yield=5.6%
Explanation:
<em>The current yield is the proportion of the current price of a bond earned as annual interest payment.</em>
<em>Current yield = annual interest payment/bond price</em>
<em>Annual interest payment = coupon rate × face value</em>
= 5.44% × $2000
= $108.8
Current yield
= annual interest payment/price
= $(108.8/1,930.36) × 100
= 5.6%
Note we used the annual interest payment nothwithstanding that interests are paid semi-annually
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable