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2 years ago

Everfi: Module 3

Business

2 answers:

Kisachek [45]2 years ago

7 0

Answer: I am pretty sure the best 2 answers will be your rent and car payment

Explanation:First off Shelter is a need not a want. Electricity, a Backpack, Car insurance and a cell phone plan is a want. So maybe just the rent but I for sure know rent and food is a definite need.

Deffense [45]2 years ago

6 0

The main two would be rant and electric bill . I don’t think you will need cell phone plan, car insurance, car payment or a backpack because it’s more like a want than a need. You wouldn’t have enough for rent so pay the electric bill and cell phone plan since you could use it to get a taxi to go to work :)

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The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough

ozzi

Answer:

increase price per ticket.

Explanation:

increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

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2 years ago

Grace sold her property. She had already paid the property taxes for the year. The closing date was October 1; however, the cont

vova2212 [387]

Answer:

1. Grace was credited for three months taxes.

Explanation:

We need to understand proration. The buyer needs to pay for the taxes the date the property is owed to him, and the seller needs to pay for the taxes till he is having the property. Now he has paid for a year, and the year ends on October 1st. However, he is going to owe the property until Jan 1st. And hence, Grace is credited with the 3 months taxes.

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2 years ago

You have been paying $1000 every month for 6 years to a friend of yours who is extremely lazy to find a job. The annual interest

Gekata [30.6K]

Answer:

$90,280.01

$92,784.19

Explanation:

Use the following formula to calculate the worth of money

Worth of money = Periodic Payment x ( ( ( 1 + Periodic Interest rate )^numbers of periods ) - 1 ) / Periodic Interest rate

Where

Periodic Payment = $1,000 x 12 months per year = $12,000 annually

Periodic interest rate = 9%

Numbers of periods = 6 years

Placing values in the formula

Worth of money = $12,000 x ( ( ( 1 + 9% )^6 ) - 1 ) / 9%

Worth of money = $90,280.01

Where

Periodic Payment = $1,000 x 6 months = $6,000

Periodic interest rate = 9% X 6/12 = 4.5%

Numbers of periods = 6 years x 12/6 = 12

Placing values in the formula

Worth of money = $6,000 x ( ( ( 1 + 4.5% )^12 ) - 1 ) / 4.5%

Worth of money = $92,784.19

3 0

2 years ago

A number of things organizations can do prior to change to prepare employees include which of the following?

natulia [17]

Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

6 0

2 years ago

You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i

MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)

= (dP/dt) 40 + 20,000*3 < 0

= (dP/dt) 40 < 60,000

= dP/dt < 60000/40

= dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

3 0

2 years ago

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