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2 years ago

14

Riley, Sean, and Jake each set up a car wash. They spend money on resources to hire friends and pay for supplies. Riley spent on

resources per car washed. Sean spent on resources per car washed. Jake spent on resources per car washed. has the absolute advantage because he washes cars most efficiently.

2 answers:

iren [92.7K]2 years ago

8 0

Answer:

Riley- $3

Sean- $4

Jake- $8

Riley has the absolute advantage

Explanation:

kkurt [141]2 years ago

3 0

Answer:

Riley- $3

Sean- $4

Jake- $8

Riley has the advantage.

Explanation:

You might be interested in

A company operating under an EOQ policy enjoys rising annual demand for their products for three consecutive years. During this

Oduvanchick [21]

Answer:

Their order quantity will rise but the time between orders will fall.

Explanation:

Let's analyse the EOQ formula:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

If Demand increases

The dividend increase, so the quotient increase.

EOQ will rise.

<u>Only options b and c are correct on that statment.</u>

Now let's check the time between order:

$\frac{EOQ}{Demand} \times 365$

If we analyze the increase in demand:

√(2xΔDxS/H)/ ΔD

everything else is keep constant so we have:

√(CxΔD)/ ΔDx

If we use L'Hopital we can conclude this function limit is zero.

Anyway a more easy way to do it will be calculate with a demand of 1000

and then with a demand of 50,000 to notice how much the time between order decrease.

√(1000) / 1000 = 0.031622776

√(51000)/ 51000 = 0.004428074

<u>so we have EOQ increase and days between order decrease.</u>

Now only option B is correct !

8 0

2 years ago

Jarrod receives a scholarship of $28,000 from East State University to be used to pursue a bachelor's degree. He spends $16,800

Anton [14]

Answer:

$18,200

Explanation:

Calculation to determine what Jarrod may exclude from his gross income.

Using this formula

Gross income=Tuition+Books and supplies

Let plug in the formula

Gross income= $16,800 + $1,400

Gross income=$18,200

Therefore Jarrod may exclude $18,200 from his gross income.

8 0

2 years ago

Western Industrial Products is considering a project with a five-year life and an initial cost of $220,000. The discount rate fo

Tems11 [23]

Answer:

875 units or less

Explanation:

5 year project $220,000

discount rate 11%

cash flow per year = 2,900 units x $40 = $116,000

after year 3, the project's assets should have a salvage value of $60,000

year cash flow

0 -220,000

1 116,000

2 116,000

3 116,000

4 116,000

5 116,000

the project's NPV = $208,724

year cash flow

0 -220,000

1 116,000

2 116,000

3 176,000

the NPV of the first 3 years, including salvage value = $107,342

the difference between both NPVs = $208,724 - $107,342 = $101,382

to determine the number of units sold to make abandoning the project more profitable:

101,382 = x/1.11⁴ + x/1.11⁵ = 0.65873x + 0.59345x = 1.25218x

x = 101,382 / 1.25218 = 80,964 / $40 per unit = 2,024.1 ⇒ 2,025 units

so the units sold during years 4 and 5 should be = 2,900 - 2,025 = 875

if total sales lower to 875 units during years 4 and 5, the cash flows should be:

year cash flow

0 -220,000

1 116,000

2 116,000

3 116,000

4 35,000

5 35,000

the NPV = $107,297, which is actually lower than the NPV obtained by abandoning the project in year 3.

6 0

2 years ago

A company acquired an office building on three acres of land for a lump-sum price of $3,150,000. The building was completely equ

Furkat [3]

Answer:

$1,680,000

Explanation:

Based on the information given we were told that the fair value of the building was the amount of $1,680,000 which means that the amount that the company would record the building is the fair value amount of $1,680,000.

Therefore the amount that the company would record the building is $1,680,000.

6 0

2 years ago

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s2008m [1.1K]

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2 years ago