Answer:
Juanita should purchase the suit at the store across town because the total economic cost will be lowest.
Explanation:
three options:
-
local store 15 minutes away and a price of $114
- across town 30 minutes away and a price of $86
- neighboring city 1 hour away and a price of $60
Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
-
local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144
- across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
- neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
Answer:
The question is missing the below options:
$1,333.33
$1,401.49
$1,108.91
$1,282.16
$1,487.06
Monthly payment is $1,401.49 as shown below
Explanation:
In calculating the amount of each monthly payment, PMT formula in excel comes very handy.The formula is stated below:
PMT(rate,nper,pv,-fv)
The rate is the percentage of interest payable on the loan considering that repayment is made monthly, hence the rate in this case 9.2% divided by number of repayments in a year,12
rate=9.2%/12=0.007666667
nper is the number of times repayment would be made, which is calculated as five years multiplied by the number of repayments in a year i.e 5*12=60
pv is the actual amount borrowed , 80%*$84000=$67200
The fv future value is nil
PMT(0.007666667
,60,67200,0)
PMT=$1,401.49
Find attached as well.
The answer is<u> "An experiment."</u>
An experiment refers to a controlled study in which the scientist endeavors to comprehend circumstances and end results connections. The examination is "controlled" as in the analyst controls (1) how subjects are relegated to gatherings and (2) which medicines each gathering gets.
In the analysis stage, the specialist thinks about gathering scores on some reliant variable. In view of the investigation, the scientist makes an inference about whether the treatment (independent variable) causally affected the dependent variable.
Answer:
The correct answer is D
Explanation:
Marginal principle is the principle which is referred to an increase in the activity level when the marginal advantage exceeds or more than the marginal cost.
So, the marginal principle of retained earnings would be when it will provide the higher rate of return than the shareholders who could achieve after paying taxes on the dividends.
