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Anika [276]
2 years ago
8

In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for

two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after getting his degree, approximately how many years will it take him to recover his investment? a. 1 b. 5. 6 c. 6. 6 d. 12. 2.
Business
1 answer:
N76 [4]2 years ago
4 0

The total number of years taken by Hank to recover the total investment he has done in his education is 6.6 years.

Computation of the number of years taken by Hank to recover investment is:

\begin{aligned}\text{Number of Years}&=\frac{ \text{Total Income per Year after degree}}{\text{cost of the education}} \\\text{Number of Years}&= \frac{\$33000}{\$5000}\\\text{Number of Years}&= 6.6\:Years\end{aligned}

Therefore, the correct option is c.

To know more about the computation of a number of years, refer to the link below:

brainly.com/question/1447333

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8 0
3 years ago
If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?
MAXImum [283]

Answer:

Recycling for profit

Explanation:

People tend to think recycling is an idea in which is made from old plastic bottles which a cost-effective for business of collecting and selling household recycling.

4 0
3 years ago
Read 2 more answers
Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to
lakkis [162]

Answer:

a. Unity of direction

Explanation:

Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.  

Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.

Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.  

Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.  

In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.  

6 0
3 years ago
As posited by carroll’s pyramid, the first and foundational responsibility of organizations in the global economy is to:.
jonny [76]

The aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

<h3>What are international businesses?</h3>

An international businesses means a business that involves in national exchanges of goods, services, or resources.

In conclusion, the aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

Read more about international businesses

<em>brainly.com/question/4979112</em>

5 0
3 years ago
Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest o
hjlf

Answer: $20,000

Explanation:

From the question, we are told that Liddy Corp. began constructing a new warehouse for its operations in the current year and that Liddy incurred interest of $10,000 on a working capital loan, and an interest on a construction loan for a warehouse of $70,000. The interest that was computed on the average accumulated expenditures for the warehouse construction was $60,000.

To calculate the amount of interest that Liddy should expense for the year, we add the $10,000 Liddy interest that Liddy incurred on a working capital loan plus the interest on the construction loan for the warehouse of $70,000. We then subtract the expenditure of $60,000 from the value gotten. This will be:

= $10,000 + $70,000 - $60,000

= $20,000

The amount of interest should Liddy expense for the year is $20,000.

7 0
4 years ago
Read 2 more answers
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