answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notsponge [240]
2 years ago
10

Every year you pay your neighbor $150 to clean the gutters at your house. You are pretty good friends so you know that your neig

hbor will never increase the price on you. You saw an ad on late night TV for a new product--GutterSnipe--which sits in the gutters and prevents leaves getting in. Your interest rate is 8% and you plan on being in the house another 5 years. You assume that any potential buyer won't be interested/notice that you have installed GutterSnipe on your house. What is the most you would be willing to pay to buy GutterSnipe for your house? $499 $399 $750 $599
Business
1 answer:
Juliette [100K]2 years ago
8 0

Answer:

$599

Explanation:

The maximum willingness to pay for the Gutter Snipe is the present value of annual payment made to the neighbor.

Annual Payment = $150  

Time = 5 Years

Rate = 0.08

Present Value of Annuity = P*[1 - (1 + r)^-n / r]

                                          = 150*[1 - (1 + 0.08)^-5 /0.08]

                                          = $599

Therefore, The most you would be willing to pay to buy GutterSnipe for your house is $599.

You might be interested in
Red Raider Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 400,000 units are expect
snow_tiger [21]

Answer:

$166.8

Explanation:

Given that,

Units expected to produced = 400,000 units

Machine hours required = 1.2 each

Manufacturing overhead costs:

= Department 1 + Department 2

= $2,530,000 + $2,752,000

= $5,282,000

Total Machine hours:

= Department 1 + Department 2

= 30,000 MH + 8,000 MH

= 38,000 MH

Overhead cost per machine hour:

= Manufacturing overhead costs ÷ Total Machine hours

= $5,282,000 ÷ 38,000 MH

= $139 per MH

Overhead cost per unit:

= Overhead cost per machine hour × Machine hours required for each

= $139 per MH × 1.2

= $166.8

8 0
2 years ago
Iris was at fault in a car crash in which Phil was injured. As they waited for the EMT's to arrive, a plane, which was part of a
kvv77 [185]

Answer:

superseding cause

Explanation:

According to my research on different liability law suits, I can say that based on the information provided within the question Iris will not be liable for this second set of injuries because the plane crash was a superseding cause. This refers to an accident that happens after another (initial accident) has already occurred in which an injury has happened. In this type of situation the person who caused the initial accident is not responsible for the second accident or injuries caused by it.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
Due to customer no-shows, the Inn at Charlotte hotel is considering implementing overbooking. The Inn at Charlotte has 150 rooms
kirill [66]

Answer:

The unit=9

Explanation:

The Cost of underage Cu= price -cost =200-0 =200 ( as there is no variable cost of the unsold room)

Cost of overage Co= cost - salvage value = 0 -(-325) =325

Service level = Cu / Cu+Co = 200/ 325+200 = 0.3809

which corresponds to the z value of -0.3

the optimum overbooking = mean + z x SD

= 10+ 3 x (-0.3) =9

8 0
2 years ago
Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units out output is $63. Given this informat
Firlakuza [10]

Answer:

D. Marginal revenue for producing the 9 units is $15

Explanation:

TR(8) = $48

TR(9) = $63

MR(9) = TR(9) - TR(8) = $63 - $48 = $15

AR(8) = TR(8) / 8 = $48/8 = $6

AR(9) = TR(9)/9 = 63/9 = $9

Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue

So, the only correct option is option d

8 0
1 year ago
In Porter's Five Forces model, conditions under which a supplier group can be powerful include all the following except:
kodGreya [7K]

Answer:

D) readily available substitute products.

Explanation:

Porters five explains the following

  1. Threat of new entry
  2. Bargaining power of suppliers
  3. Bargaining power of buyers
  4. Threat of substitution

A) lack of importance of the buyer to the supplier group.

True. Buyers have less bargaining power as compared to suppliers

B) high differentiation by the supplier.

True. Higher differentiation leads to competitive advantage and rivalry within the market.

C) dominance by a few suppliers.  

True. This falls under threat of new entry as the fewer suppliers create barriers such as capital requirement and licensing requirements to prevent new entrants

D) readily available substitute products.

False. This means there are more suppliers in the market that are ready to substitute a product thus making suppliers less powerful.

7 0
2 years ago
Other questions:
  • Currency exchange rates are based on _____.
    13·2 answers
  • Steve Corp bought a $600,000 apartment building in June of 2014. Of the purchase price, $104,950 is allocated to the value of th
    10·1 answer
  • Tyree is starting a new project and wants an advisory board, as this project will affect many people and hearing the opinions of
    8·1 answer
  • Spafford Services, Inc. provides services to clients. On May 1, a client prepaid Spafford Services $83,000 for 6-months services
    8·1 answer
  • Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total an
    12·1 answer
  • Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    8·1 answer
  • Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June
    8·1 answer
  • You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did yo
    6·1 answer
  • A relocation of a short stretch of rural highway feeding into Route 390 northwest of Dallas is to be made to accommodate new gro
    7·1 answer
  • The following selected transactions were completed by Capers Company during October of the current year:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!