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2 years ago

Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply.

1 answer:

8 0

If you are leasing ask if is new or used, if it has being in an accident, and how much mileage does it have. If you are buying you should ask more proficient questions such as asking if the car saves gasoline, how much life expectancy it has and how many miles does it have. Please review the answers and look for more resources that will better help you in understanding the questions that you should ask when deciding on buying or leasing a car.

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Diogo has a utility function,U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices of pie. If the price of slic

guapka [62]

Answer:

$(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20$

since $q_2 = 20$

$q_1 = 8*20\\\\q_1=160$

Explanation:

U(q₁ q₂)

$q_1^{0.8}q_2^{0.2}\\\\P_1= \$0.5 \ P_2=\$1 \ Y=100$

Budget law can be given by

$P_1q_1+P_2q_2=Y\\\\0.5q_1+q_2=100$

Lagrangian function can be given by

$L=q_1^{0.8}q_2^{0.2}+ \lambda (100-0.5q_1-q_2)$

First order condition csn be given by

$\frac{dL}{dq} =0.8q_1^{-0.2}q_2^{0.2}-0.5 \lambda=0\\\\0.5 \lambda=0.8q_1^{-0.2}q_2^{0.2}---(i)$

$\frac{dL}{dq} =0.2q_1^{0.8}q_2^{-0.8}- \lambda=0\\\\ \lambda=0.2q_1^{0.8}q_2^{-0.8}---(ii)$

$\frac{dL}{d \lambda} =100-0.5q_1-q_2=0\\\\0.5q_1+q_2=100---(iii)$

From eqn (i) and eqn (ii) we have

$\frac{0.5 \lambda}{\lambda} =\frac{0.8q_1^{-0.2}q_2^{0.2}}{0.2q_1^{0.8}q_2^{-0.8}} \\\\0.5=\frac{4q_2}{q_1}\\\\q_1=8q_2}$

Putting $q_1=8q_2$ in euqtion (iii) we have

$(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20$

since $q_2 = 20$

$q_1 = 8*20\\\\q_1=160$

3 0

2 years ago

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,900 of dir

maxonik [38]

Answer:

The amount of job costs added to Work in Process Inventory during October is $26,950

Explanation:

Computation of manufacturing overheads is given below:

Manufacturing Overheads=Direct Labor × 200%

=($3,400 + $5,500) × 150%

=$8,900 × 150%

=$13,350

Job Cost = Direct Materials+ Direct Labor+ Overheads Cost

=($1,900+$2,400) + ($3,400+$5,900) + $13,350

=$4,300 + $9,300 + $13,350

=$26,950

6 0

2 years ago

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

Reika [66]

Answer: $69,959

Explanation:

The amount of interest expense, that Corso will record on December 31, 2019, the company’s fiscal year end will be calculated thus:

First, we calculate the present value of payment which will be made on September 30,2020 and this will be:

= $1000000 × 0.857339

= $857339

Then, the interest expense on December 31,2018 will be:

= $857339 × 8%/12 × 3

= $17147

Therefore, the Interest expense on December 31,2019 will be:

= ($857339 + $17147) × 8%

= $874486 × 0.08

= $69959

3 0

2 years ago

Suppose that in a month the price of movie rentals decreases from $3.25 to $3. At the same time, the quantity of movie rental

Sergeeva-Olga [200]

Answer:

The correct answer is option a.

Explanation:

The initial price of movie rentals is $3.25.

The initial quantity is 100.

The price falls to $3.

This causes demand to rise to 120.

The price elasticity of demand a ratio of change in quantity demanded to change in price level.

The elasticity is calculated at -2.25, through the process given in images.

The price elasticity of demand here is greater than 1 which means it is elastic.

So, option a is the correct answer.

4 0

2 years ago

Waldron inc. is considering selling to a group of new customers that will bring in credit sales of $24,000 with a return on sale

Andrew [12]

Answer:

30%

Explanation:

The computation of return on investment is shown below:-

Return on Sales = Credit sales × Return on sales

= $24,000 × 5%

= $1,200

Investment in Accounts Receivable

= $24,000 × 1 ÷ 6

= $4,000

Return on Investment = Return on Sales ÷ Investment in Accounts Receivable × 100

= $1,200 ÷ $4,000 × 100

= 30%

Therefore for computing the return on investment we simply divide the investment in account receivable by return on sales.

6 0

2 years ago