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Shtirlitz [24]
1 year ago
6

Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in

size. How much should these two parcels have cost together?
Business
1 answer:
Agata [3.3K]1 year ago
3 0

Answer:

Sold together, both parcels would have cost $ 1,354,500.

Explanation:

Given that two parcels of land priced at $ 2,100 per acre were purchased, one parcel was 5 acres in size, and the other was 1 square mile in size, to determine how much should these two parcels have cost together the following calculation must be performed:

1 square mile = 640 acres

2100 x 5 + 2100 x 640 = X

10,500 + 1,344,000 = X

1,354,500 = X

Therefore, sold together, both parcels would have cost $ 1,354,500.

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The marine corps, while also steeped in tradition and focused on the individual marine, prides itself on its quick responsivenes
Murljashka [212]

The Marine Corps refer to the United States Marines Corps, a branch of the U.S. Army who is responsible for conducting expedition and amphibious operations with multiple branches of the military, which includes the Navy, Army, and the Air Force.

The answer to the question is size and capacity vs. speed and flexibility.

7 0
1 year ago
Read 2 more answers
A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
xenn [34]

Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0
1 year ago
Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve
ololo11 [35]

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0: There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

6 0
1 year ago
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
1 year ago
Match each situation with the most appropriate process-based motivation theory that you would apply to it as a manager.
Anuta_ua [19.1K]

Answer:

  • D (Mia realized that Jason was being overpaid) relates to Equity Theory.
  • B (Offering range of rewards) relates to Expectancy Theory.
  • A (Identifying causes of dissatisfaction) relates to Two Factor Theory.
  • C (Offering trips) relates to The Porter-Lawler Model.

Explanation:

Equity Theory: Equity theory says that employees are motivated by the amount of fair treatment they are getting in the company.

For example: A employee would be satisfied, if he is paid equal to the other employee, but will be dissatisfied if the other is overpaid despite the fact that both have the same position and qualification.

Expectancy Theory: It suggests that employees are motivated by the value of the rewards, the more the value will the more they will be motivated to work.

For example: Employee knows the worth of their own effort, and the reward they will get against those efforts should be worth it.

Two Factor Theory: Suggested by Hezberg, there are factors of satisfaction and dissatisfaction, he categorized them as, <em>Hygiene factors and Motivation factors. </em>So, it's necessary to identify them and fix them.

The porter - Lawler Model: It suggests that the motivation is caused by rewards.

For example: Company is offering high rewards which will increase the motivation of the employees.

8 0
1 year ago
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