Answer:
The total economic cost is $40,500 per year
Explanation:
The total economic cost per year is equal to the sum of:
* The opportunity cost relating to sacrificing the current work Greg is working on which is equal to his yearly salary of : $40,00.
* The opportunity cost relating to sacrificing the interest income earned on $10,000 saving, which he is now used for purchasing equipment, which is calculated as: 10,000 * current rate of savings = 10,000* 5% = $500 ( total cost of equipment is not included because e could sell the equipment for what he paid later on).
=> So, total economic cost per year is $40,000 + $500 = $40,500.
Answer: The options are given below:
A. Short term.
B. Operating.
C. Long
D. Finance.
The correct option is D. Finance.
Explanation: A finance lease is the kind of lease in which a finance company is the legal owner of the asset throughout the duration of the lease, while the lessee has both operating control over the asset, and some share of the economic risks and returns from the change in the valuation of the underlying asset.
In a finance lease agreement, ownership of the property is transferred to the lessee at the end of the lease term.
Answer:
C) a two-year vocational school program in automotive repair
Explanation:
From the answers provided within the question it can be said that the best educational choice would be a two-year vocational school program in automotive repair. This program will teach Mario everything he needs to know about automotive repair including how to diagnose each problem and figure out how to solve them. The program will also prepare him with actual vehicle repair hands-on training.
Answer: The use of promotional signage
Explanation:
A promotional signage is a method of advertisement where special offers are displayed at strategic points by a business to the public to attract customers to patronize the business. Manila in her is making use of promotional signage to draw the attention of potential buyers to her store.
Answer:
The magic of compound interest happens in a way that the more you put in, the faster your money grows.
Explanation:
The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.
