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iren [92.7K]
2 years ago
5

An economy consists of three workers: Sam, Andrew, and Darnell. Each works 10 hours a day and can produce two services: mowing l

awns and washing cars. In an hour, Sam can either mow 1 lawn or wash 1 car; Andrew can either mow 1 lawn or wash 2 cars; and Darnell can either mow 2 lawns or wash 1 car.
For each of the scenarios listed, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row.



a. All three spend all their time mowing lawns.


b. All three spend all their time washing cars.


c. All three spend half their time on each activity.


d. Sam spends half his time on each activity, while Andrew only washes cars and Darnell only mows lawns.
Business
1 answer:
Alex_Xolod [135]2 years ago
8 0

Answer:

40 lawns would be mown , 0 cars would be washed

40 cars, 0 lawns

20 lawns 20 cars

25 lawns 25 cars

Explanation:

a. If they all mow lawns and they have 10 hours a day to work, the total number of lawn mown = (1 x 10) + (1 x 10) +(2 x 10) = 40 lawns

If they mow lawns only, they would wash cars. So, the  total of cars washed would be 0

b. If they all wash cars and they have 10 hours a day to work, the total number of cars washed = (1 x 10) + (2 x 10) +(1 x 10) = 40 cars

If they wash cars only, they would not mow any lawn. So, the  total of lawns mown would be 0

c If they all  spend half their time on each activity, they would wash cars for 5 hours and mow lawns for 5 hours

Lawns mown = (1 x 5) + (1 x 5) +(2 x 5) = 20 lawns

Cars washed = (1 x 5) + (2 x 5) +(1 x 5) = 20 cars

d. If Sam spends half his time on each activity, he would spend 5 hours on each activity. He would wash 5 cars and mow 5 lawns

If Andrew washes only cars, he would wash (2 x 10) = 20 cars

If Darnell only mows lawns, she would wash (2 x 10) = 20 lawns

This gives a total of 25 cars and 25 lawns

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A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
s344n2d4d5 [400]

Answer: Segmentation by usage

Explanation: Segmentation by usage splits customers according to how often they use a product. Using segmentation by usage, customers can be classified into non - users, who don't use the product at all, light and medium users, who can range from little usage of the product to average use of the product, and heavy users, who mostly use these products.

From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

7 0
2 years ago
Since public relations communications are typically perceived as _____, they are not subject to the problems of clutter that are
denis23 [38]

Answer:

news items

Explanation:

Public relations refers to the communication that the company's have with the public through media outlets, which is why they are perceived as news items. This being the case, the public sees this news item and pays attention to this alone, as opposed to other promotional communication methods such as newspapers and articles where various information is cluttered together making it difficult to focus on one thing alone.

7 0
2 years ago
On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $
kodGreya [7K]

Answer:

This question is incomplete, here's the remaining part to complete the question:

1. In transaction (a), determine the present value of the debt.

2-a. In transaction (b), what single sum amount must the company deposit on January 1,?

2-b. What is the total amount of interest revenue that will be earned?

3. In transaction (c), determine the present value of this obligation.

4-a. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note?

4-b. What is the total amount of interest expense that will be incurred?

Explanation:

a) A sum of $6,000 is to be paid at the end of each year for 7 years and the principal amount $115,000 to be paid at the end of 7th year.

PV=$6,000/(1+0.07)^1 + $6,000/(1+0.07)^2 +$6,000/(1+0.07)^3 +$6,000/(1+0.07)^4 +$6,000/(1+0.07)^5 +$6,000/(1+0.07)^6 +$6,000/(1+0.07)^7 +$115,000/(1+0.07)^7

PV=$5,607.47 + $5,240.63 + $4,897.78 + $4,577.37 + $4,277.91 + $3,998.05 + $3,736.49 + $71,616.22

PV=$103,951.92

b) Let the single sum that will grow to $490,000 at 7% interest per annum at the end of 8 years be X

FV=PV(1+i)^n

$490,000 = X(1+0.07)^8

Thus,

X= $490,000/(1.07)^8

X = $490,000/1.7182

X = $285,182

Thhus, a single sum of $285,182 needs to be deposited for 8 years at 7% interest p.a.

The total amount of interest revenue is ($490,000-$285,182) = $204,818

c) PV = $75,000/(1.07)^1 + $112,500/(1.07)^2 + 150,000/(1.07)^3

PV = $70,093.45 + $98,261.85 + $122,444.68

= $290,800

FV =$75,000*(1.07)^1 + $112,500*(1.07)^2 + 150,000*(1.07)^3

= $80,250 + $85,867 + $91,878

= $257,995

d) The cost of the machine is $170,000. Immediate cash paid $34,000. Loan Amount is ($170,000-$34,000)=$136,000

The PVA factor at 7% p.a compounded annually for 5 years is 4.1002

Thus, the PMT = 136,000/4.1002

= $33,169

Thus, the amount of each annual payment is $33,169 for 5 years.

The total amount to be paid is ($34,000+$33,169*5)

=$34,000+$165845

=$199845

The interest expense is ($199845 - $170,000)

= $29,845

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Natalie wants to make a 25% profit on a $70000 sale. That would be:

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Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:

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On this $92750, there's a closing cost of $1200,

Add $92750 + $1200 = $93950.

$93950 to the nearest hundred will be $94000.

Natalie should make the final sale price $94000 in order to make a profit of %25.

7 0
2 years ago
Read 2 more answers
When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza.
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Answer:

<u>Monopolist competition</u>.

Explanation:

The market structure of monopolistic competition occurs when there are several companies offering similar products, which even though substitute products cannot be considered perfect substitutes. Monopolistic competition is characterized when in the market there are many sellers competing for a higher market position of some product or sector. This type of monopolistic competition is characterized by free entry to other companies, which makes it increasingly competitive in the pursuit of customer preference.

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2 years ago
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