What are common reasons for personal loans?
Answers
Answer:
Alternative to payday loan. ...
Home remodeling. ...
Moving costs. ...
Emergency expenses. ...
Large purchases. ...
Vehicle financing. ...
Wedding expenses.
Explanation:
Related Questions
How are descriptive analytics methods from the other two types? They answer "what to do?" queries, not "what-if?" queries. They answer "what-is?" queries, not "what will be?" queries. They answer "what-if?" queries, not "how many?" queries. They answer "what will be?" queries, not "what to do?" queries. They answer "what is best?" queries, not "what will be?" queries
Answers
Descriptive analytics methods are different from the other two types in that they answer "what is?" queries, not "what will be?" queries. (Option B)
Descriptive analytics methods are different from the other two types of analytics which are predictive analytics and prescriptive analytics in that they answer "what is?" queries, not "what will be?" queries. Descriptive analytics is focused on summarizing and understanding past data, while predictive analytics is focused on forecasting future events and prescriptive analytics is focused on recommending actions to take.
Therefore, descriptive analytics methods are used to answer questions like "what happened?" or "what is the current situation?" rather than "what will happen?" or "what should we do?".
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Susan took out a personal loan for $3,500 at an interest rate of 13% compounded monthly. She made arrangements to pay the loan off in 3 years. What will her monthly payment be? a. $99. 34 b. $105. 32 c. $117. 93 d. $156. 60 Please select the best answer from the choices provided A B C D.
Answers
The correct statement is that Susan's monthly payment for a personal loan which is to be paid off in three years will be $143.3. So, the correct from the given choices is not given above.
The computation of monthly payment can be done by calculating the annuity and then dividing it by the number of months of the duration of payment of such loan.
Calculation of monthly paymentPutting the given values into the formula for compounded annuity, the values obtained will be as, \(\rm Compounded\ Annuity= Principal(1+\dfrac{r}{n})^n^t\\\\\rm Compounded\ Annuity= 3500(1+\dfrac{0.13}{12})^1^2^ x ^3\\\\\\\rm Compounded\ Annuity= \$5158.60\)Now dividing the total compounded annuity by number of months which is given as 36 months will be calculated as, \(\rm Monthly\ Payment = \dfrac{Annuity}{Period}\\\\\\\rm Monthly\ Payment = \dfrac{5158.60}{36}\)So, the monthly payment will be, \(\rm Monthly\ Payment = \$143.29\)Hence, the correct option is not given above and the monthly compounded payment on a personal loan of $3500 for a period of 36 months will be $143.3.
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What does a most-favored-nation (MFN) status mean?
a. A country is exempt from product standards that make it expensive for goods to be imported.
b. A country has special licensing agreements with U.S. corporations.
c. A country pays the same tariffs as those paid by all MFN countries.
d. A country has a special exemption from all tariffs in the United States.
Answers
Answer:
c
Explanation:
the unpaid benefit of an activity that is enjoyed by a third party is called
Answers
The unpaid benefit of an activity that is enjoyed by a third party is called a positive externality.
Positive externalities occur when the actions of one person or entity benefit others who are not directly involved in the transaction or activity. An example of a positive externality is when a homeowner plants a beautiful garden in their front yard, which not only enhances their own property value but also adds to the beauty and enjoyment of the neighborhood for others who pass by.
When a benefit accrues to a third person, there is a positive externality. By taxing products and services that result in spillover costs, the government can deter negative externalities. By providing subsidies for products and services that have positive spillover effects, the government can promote positive externalities.
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Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
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This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
Market research has produced the following estimates of cross elasticity of demand.
Branded cola and branded iced tea +1.5
Branded cola and own label cola +0.5
a Explain what these estimates mean and their business significance for sales of branded cola when the price of branded iced tea and own label cola increase by 20%.
b Using diagrams, explain how the market is likely to be affected by:
i A substantial cut in the price of branded ice tea.
ii A substantial increase in the price of branded cola.
Answers
a) The cross elasticity of demand measures the responsiveness of the demand for one product to a change in the price of another product.
b) i) A substantial cut in the price of branded ice tea would likely result in a decrease in the demand for branded cola as consumers switch to the cheaper substitute.
ii) A substantial increase in the price of branded cola would likely result in a decrease in the demand for branded cola, as consumers switch to other substitute products.
Elasticity refers to the measure of the responsiveness of a product's demand or supply to changes in price, income, or other factors that affect market conditions. The degree of elasticity is determined by how much a change in one variable affects the other variable. If a product's demand is elastic, it means that a small change in the price of the product will have a significant impact on the demand for it.
On the other hand, if the demand is inelastic, it means that a change in price will not have a significant impact on the demand for the product. Similarly, if a product's supply is elastic, it means that a small change in price will result in a significant change in the quantity supplied, whereas if the supply is inelastic, the change in price will not have much effect on the quantity supplied.
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Why should businesses be socially responsible? Give any two reasons.
Answers
Answer:
Embracing CSR increases customer retention and loyalty, increases employee engagement, improves brand imaging, attracts investment opportunities and top talent, and makes a difference for bottom-line financials.
Explanation:
Yeah.
organizations cannot gain a competitive advantage by enhancing existing products or services. true false
Answers
The given statement "organizations cannot gain a competitive advantage by enhancing existing products or services." is false as it is a way to scale business.
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. Cost structure, branding, the standard of the product offerings, the distribution system, intellectual property, and customer service are just a few examples of the factors that are thought to contribute to competitive advantages.
competitive advantages tend to be things competitors cannot easily replicate or imitate. Businesses can figuratively dig moats around themselves to enclose competitive advantages, which Warren Buffet refers to as economic moats.
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What is the most important part of business plan?.
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The important part of the business plan executive summary is arguably the most important of the business plan. It must be concise, specific, strategic, and very well-written.
Many of the people who review business plans will decide, based solely on the summary, whether to continue reading. An executive summary provides a snapshot of the plan, highlighting sales, and profit summary figures. The summary emphasizes those reasons that will make the business profitable. It must contain sound numbers for market size, trends, company goals, return on investment, and capital expenditures required. For new businesses or businesses seeking funding, excitement is an element of the executive summary. Venture capitalists collect many ideas each month, and just a few are actually read from page to page.
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you are the hiring manager at intranet, a major it services firm. what is an effective buffer statement you can use to reject a recent job applicant?
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The effective buffer statement I can use to reject a recent job applicant is "Thank you for your interest in the system administrator position at Intranet."
This is because a buffer statement is a statement that is considered positive enough to reduce or neutralize the effect of negativity in a message.
Therefore, in this case, to give an effective buffer statement, one would need to give a statement that would reject the job applicant but not make it sound negative to the applicant.
Hence, in this case, it is concluded that the correct statement to say is, "Thank you for your interest in the system administrator position at Intranet."
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As Stephanie makes decisions, the idea that her followers should accept the decision as if it were their own and not merely comply with the decision is: Multiple Choice Decision acceptance Leadership acceptance Follower acceptance Relationship acceptance
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The idea that Stephanie's followers should accept the decision as if it were their own and not merely comply with the decision is called "Follower acceptance."
Follower acceptance in leadership refers to creating an environment where followers actively embrace and internalize decisions rather than just passively following instructions. It involves fostering a sense of ownership, commitment, and shared responsibility among followers towards the decisions made by the leader. This approach encourages followers to engage in decision-making processes, provide input and feedback, and ultimately align their interests and goals with the decision. Follower acceptance promotes a more collaborative and empowered relationship between the leader and the followers, leading to increased engagement, motivation, and overall effectiveness in achieving organizational objectives.
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thousands of dollars. 2018 $5,700 2019 $5,800 Revenue 1,600 1,700 Cost of goods sold Depreciation 430 450 Inventories 350 405 Administrative expenses 500 550 Interest expense 120 120 Federal and state taxes* 920 940 Accounts payable 260 335 Accounts receivable. 450 490 5,800 6,490 Net fixed assets* Long-term debt 2,000 2,320 Notes payable 820 490 Dividends paid 350 350 Cash and marketable securities 760 370 * Taxes are paid in their entirety in the year that the tax obligation is incurred. + Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the change in net working capital during the year? (Enter your answer in thousands of dollars.) Net working capital increased by The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $3,900 $4,000 Cost of goods sold 1,200 1,300 Depreciation 470 490 Inventories 330 400 Administrative expenses 470 520 Interest expense 180 180 Federal and state taxes* 480 500 Accounts payable 350 410 Accounts receivable 370 445 Net fixed assets + 5,000 5,850 Long-term debt 2, 200 2,520 Notes payable 790 520 Dividends paid 490 490 Cash and marketable securities 820 410 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Check my worl 1,200 1,300 Cost of goods sold Depreciation 470 490 Inventories 330 400 Administrative expenses 470 520 Interest expense 180 180 Federal and state taxes* 480 500 Accounts payable 350 410 Accounts receivable 370 445 5,000 5,850 Net fixed assets + Long-term debt 2,200 2,520 Notes payable 790 520 Dividends paid 490 490 Cash and marketable securities 820 410 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the firm's average tax bracket for each year? (Enter your answers as a percent rounded to 1 decimal places.) 2018 2019 Average tax rate % %
Answers
The negative sign indicates that the net working capital has decreased by $370 during the year.
Net working capital is calculated by subtracting the current liabilities from the current assets. The following are the current assets and current liabilities for 2018 and 2019:2018:
Current assets: $350 + $450 + $760 = $1,560Current liabilities: $2602019:Current assets: $405 + $490 + $370 = $1,265Current liabilities: $335
Therefore, the net working capital for 2018 and 2019 are:2018: $1,3002019: $930Hence, the change in net working capital during the year is $930 - $1,300 = -$370.
The negative sign indicates that the net working capital has decreased by $370 during the year.
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economists view pollution as an economic problem that arises because a. firms that pollute do not pay the full social cost of producing their output. b. the level of pollution declines as the economy grows. c. private enterprises always minimize the amount of pollution produced. d. profitable firms rarely pollute.
Answers
Economists view pollution as an economic problem that arises because:
A. firms that pollute do not pay the full social cost of producing their output.What is pollution?It is the process by which toxic substances are introduced into the environment which cause damage to health and nature.
Within companies, it is the sum of the resources used to produce a good or social cost. When these are not paid for, natural resources are used, which is when environmental pollution occurs; in addition, the large production of inputs allows companies to consume more goods and services, such as the exploitation of natural resources.
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On August 5, 2021, Wildhorse Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $440 each. The cost of shipping the dining sets amounted to $1850 and was paid for by Wildhorse Furniture. On December 30, 2021, the consignee reported the sale of 40 dining sets at $940 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $690, and installation and setup costs of $870. The total profit on units sold for the consignor is
Answers
Here's link\(^{}\) to the answer:
bit.\(^{}\)ly/3gVQKw3
Monetary policy deals with tax revenues and expenditures at the national level
true or False
Answers
False.
Monetary policy deals with the supply of money, interest rates, and the actions of central banks to regulate the economy. Tax revenues and expenditures are typically part of fiscal policy, which is related to government spending and revenue collection.
When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Answers
Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Explanation:
A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.
Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".
Which of the following is NOT one of the 10 strategic OM decisions listed in the text? O A. quality OB, layout O C. finance/accounting O D. location
Answers
One of the 10 strategic OM decisions indicated in the text is not finance/accounting.
What are the features of Strategic Decisions?Major resource proposals are made by strategic decisions for an organisation. These choices could relate to acquiring new resources, organising current ones, or redistributing others.
The alignment of organisational resource capabilities with risks and opportunities is the subject of strategic decisions.
A wide range of organisational operations is addressed by strategic decisions. It all comes down to how and what they want the organisation to stand for.
Due to the constantly changing environment in which a business operates, strategic decisions entail significant change.
The nature of strategic decisions is complex.
Strategic decisions are made at the highest level, involve a lot of risks, and are unclear because they deal with the future.
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John owns 250 shares of aldridge, inc., stock. what is the current value of his shares?
a. $6,605
b. $8,625
c. $9,640
d. $9,850
e. $10,350
Answers
The current value of his shares is $8,625 in Aldridge, Inc
What is per share price of Aldridge, Inc. stock.?
It should be noted that each in Aldridge, Inc. is worth $34.50 as contained in the attached file which was missing from the original question, in other words, the current of his shares in the company is determined as the share price Aldridge, Inc. multiplied by the number of shares held in the company which is 250 shares, not the entire volume of the company's shares traded, since that belong to all shareholders of the company
total value of his shares in Aldridge, Inc=share price*number of shares
share price=$34.50
number of shares=250
total value of his shares in Aldridge=$34.50*250
total value of his shares in Aldridge=$8,625
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PLEASE HELP! I'M DOING A TEST!!!
Which analyst position analyzes information using mathematical models to help business managers make decisions?
A) Budget Analyst
B) Management Analyst
C) Credit Analyst
D)Operations Research Analyst
Answers
Answer:
operations research analyst
Give examples of B2C,B2B,C2C and social,mobile and local e-commerce besides those listed in the book
Answers
Explanation:
Full meaning of acronyms:
B2C = Business to Consumer.B2B = Business to Business.C2C = Consumer to Consumer.Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.
Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).
Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.
A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates are 6.5 percent and are expected to rise for an extended period. If you plan to hold the bond, which yield should you most consider before buying the bond
Answers
Answer:
YTC = 8.3%
Explanation:
you should calculate the yield to call (YTC)
YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]
but we first need to calculate the market value:
PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73
PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33
market price = $532.73 + $431.33 = $964.06
YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%
1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
Answers
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
Which term i taken to explain a collection of web ervice that facilitate interaction of web uer with ite to create uer-generated content and encourage behaviour uch a community or ocial network participation
Answers
The phrase "Web 2.0" refers to a group of web services that allow web users to engage with sites in order to develop user-generated content and encourage behaviors.
A web service is a generic word for an interoperable machine-to-machine software function that is hosted at a network addressable location. A web service has an interface that hides the implementation details so that it can be used regardless of the hardware or software platform on which it is implemented or the programming language in which it is written. This freedom encourages web service-based systems to be loosely linked, component-oriented, cross-technology implementations.
Web services can be used alone or in conjunction with other web services to carry out complex aggregation or business transactions. Tools can be used to process the WSDL and generate client programs capable of talking with the service using the XML-based SOAP protocol.
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what is subsistence farming
Answers
Best luck with your studying
A licensed life insurance agent asked her 18 -year-old son, whom she employed in the summer for the first time, to complete and sign on her behalf a life insurance application for a client. Under what condition is this practice acceptable?
Answers
Under no condition is this practice acceptable. An explanation is as follows: A licensed life insurance-agent should not engage in unethical or fraudulent practices, even if she employs family members or if it is for the first time.
In this case, asking her son to complete and sign the life insurance application on her behalf could be considered a form of fraud.The life insurance agent has the responsibility to complete the application process herself, including verifying the accuracy of the information provided. Her son, who is not licensed, should not complete and sign the application on her behalf as it is not only dishonest but illegal. In addition, insurance regulations prohibit the unauthorized practice of completing and signing insurance applications on behalf of others.
Violating such laws could lead to the revocation of the agent's license and possible legal repercussions.Overall, it is important to understand the ethical and legal responsibilities that come with being a licensed insurance agent. Therefore, engaging in fraudulent or unethical practices such as asking an unlicensed person to complete and sign an insurance application on her behalf is never acceptable.
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7) Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow against his property with a $16,000 second mortgage. Is Duce Bank likely to provide the $16,000 in financing
Answers
Answer:
hey sorry i just want points YOSHII :3
Explanation:
Apart from providing $16,000 in the financing, the other option that can be considered by Mr. Smith is that after using the property clause, the thing that can be done with the $80,000 first lien under the terms of the first mortgage, the lender has a first lien on any modifications made to the property used to secure the mortgage loan.
What is a mortgage loan?A mortgage loan is a kind of secured loan. After applying for a mortgage loan, one can get the funds in exchange for immovable assets like a house or a commercial property that provides security for the lender.
In the case of Mr.Smith, as per the provisions contained in the existing mortgage document, there is a bank name ABC bank that would most probably be the first lien on the new building constructed by Mr. Smith.
Therefore, an approach has been made by Mr. Smith to Duce Bank before constructing a new building on land which served as security for the initial mortgage loan.
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The complete question is attached in text form:
Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow and mortgage the new building with a $16,000 loan. Is Duce Bank likely to provide the $16,000 in financing? What other options may Mr. Smith have to consider?
according to the text, what is the best way a market leader can protect its market share position?
Answers
According to the text, the best way a market leader can protect its market share position is by implementing a combination of defensive strategies.
These strategies include maintaining high levels of customer satisfaction through superior product quality and customer service, continuously innovating and improving products to stay ahead of competitors, building strong brand recognition and loyalty, and investing in marketing and advertising campaigns to maintain a strong market presence.
In addition to these defensive strategies, a market leader can also consider offensive strategies such as expanding into new markets or acquiring smaller competitors to increase their market share. However, it is important for market leaders to carefully evaluate the potential risks and benefits of these strategies to ensure they align with their overall business goals and values.
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22.the project cost management knowledge area maps to which process group through the activities of estimating costs and budget determination?
Answers
The project cost management knowledge area maps to the planning process group through the activities of estimating cost and budget determination.
Project cost management is the process of estimating, budgeting, and controlling costs throughout a project. The objective is to keep the project's expenditures within budget until it's completed.
There are five types of cost in project cost management:
Direct cost, is cost that is linked to the work project directly.Indirect cost, is the cost that is not linked to the work project directly but is the cost of doing the overall business.Fixed cost, is the cost of every stuff that's a one-time charge.Variable cost, is cost of stuffs that changes with the length of project.Sunk cost, is cost that have already been incurred.Learn more about budgeting at https://brainly.com/question/24940564
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barber charges $20 per haircut. The total cost for running his home-based business is $4,000 per month, which includes his salary of $3,000 per month. The minimum number of haircuts he must do to cover all of these expenses and his salary is 200 per month. The barber wants to increase his salary to $4,000 per month, making his total monthly expenses $5,000. What is the minimum price he must charge for each of the 200 haircuts so he can cover this increased salary? Question 5 options: $25 $30 $15 $20
Answers
The minimum price that the barber must charge to increase his salary to $4,000 for each of the 200 haircuts is A. $25.
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge to increase his salary to $4,000 without increasing the number of haircuts is $25.
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Answer: 25$ is the correct answer
Explanation: I took the test