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Anit [1.1K]
3 years ago
15

Brenda chooses to pay $8 for a movie ticket, rather than work for 4 hours at $10/ hour. what is her opportunity cost?

Business
1 answer:
Leviafan [203]3 years ago
6 0
Her opportunity cost is $48 (Calculation: 48 = (10*4)+8) based on her decision in the situation shown in the question above. If Brenda chose to work for four hours, she will not has to spend $8 for the movie ticket and she will get $40 in return for working for four hours. The opportunity cost is the benefit that she will get if she chooses another option.
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Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs​ $500,000 today, and ho
ki77a [65]

Answer:

Annual deposit= $37,714.37

Explanation:

Giving the following information:

The villa costs​ $500,000 today, and housing prices in Mexico are expected to increase by​ 6% per year. Manny and Irene want to make fifteen equal annual payments into an​ account, starting​ today, so there will be enough money to purchase the villa in fifteen years.

The account earns​ 10% per​ year.

First, we need to calculate the final value of the house with the following formula.

FV= PV*(1+i)^n

FV= 500,000*(1.06^15)=$1,198,279.1

Now, we can calculate the annual payments required:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,198,279.1*0.10)/[(1.10^15)-1]

A= $37,714.37

6 0
4 years ago
Which Human Services workers must have a strong sense of visual style in order to carry out the tasks for which they
Delicious77 [7]

Answer:

personal care service workers because they know what they are doing and are good

6 0
3 years ago
Read 2 more answers
ITI Inc., a software company, is currently looking for employees to fill vacant positions. It is looking for prospective candida
Leya [2.2K]

Answer:

D. recruitment and selection

Explanation:

Based on the various responsibilities and tasks of the Human Resources department, it can be said that the HR department contributes to high performance through recruitment and selection. This human resources task refers to finding and choosing individuals with significant strengths in different aspects that a job role requires in order to have someone filling that role who can provide the company with the most efficient way of achieving their strategic goals and objectives.

7 0
3 years ago
If $13,300 is invested at 3.7% interest compounded semi-annually, how much will the investment be worth in 18 years?. . A.$25,73
Alla [95]
Principal (P) = $13300
Rate of interest (r) = 3.7%
Number of times compounded in a year (n) = 2
Number of years (t) = 18 years
Then
Amount = P(1 + r/n)^nt
             = 13300[1 + (0.037/2)]^36
             = 13300[1 + 0.0185]^36
             = 13300(1.0185)^36
             = 13300 * <span>1.9346
             = 25730.54 dollars
From the above deduction, it can be concluded that the correct option among all the options that are given in the question is the third option or option "C".</span>
7 0
3 years ago
Read 2 more answers
To set its sales force​ size, a company can first group accounts into different classes according to​ size, account​ status, or
solmaris [256]

Answer: Workload

Explanation:

The workload approach is one of the type of method that set the size of the sales force and also helps to reduce the complexity.

  • It higher the volume of the products for establish the practice between the customers and manufacturing the products.
  • The workload approach mainly focus on the various types of management issue such as marketing communication, market sharing goals and the pricing and the investment.  

Therefore, Workload approach is the correct answer.

3 0
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