The real rate of return for Emils investment is is 10.68%
how to calculate real rate of return?The simple formula applied in the present calculator is the following:
rᵣ = (1 + rnom) / (1 + π) − 1.0
[tex]r_{r} = \frac{(1+r_{nom})}{(1+\pi) } -1.0[/tex]
Where:
rᵣ - real rate of return;
rnom - nominal rate of return; and
π - annual inflation rate.
so
[tex]r_{nom}[/tex]=14%
[tex]\pi[/tex]=3%
[tex]r_{r} = \frac{(1+14)}{(1+3) } -1.0[/tex]=10.68%
The real rate of return is the periodic chance of return on an investment, acclimated for affectation. In other words, the real rate of return is the return that reflects factual growth in terms of unborn buying power. thus, the real rate of return is the return that you would see if there were no affectation.
For illustration, suppose you invest,1000
now and admit, 100 in one time. The nominal rate of return is 10percent.However, that is, the affectation rate is 10 percent, If the general position of prices increased by 10 percent. thus, you garnered a zero percent real rate of return on your investment.
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Which costing system charges products only with the costs of the capacity used by those products and not with the cost of unused capacity?.
Costing system charges products only with the costs of the capacity used by those products and not with the cost of unused capacity - activity-based.
What is Costing system?
A costing system is intended to track a company's expenses. The system consists of a collection of forms, procedures, controls, and reporting that are designed to gather and report income, costs, and profitability to management. Customers, departments, buildings, processes, goods & services, research and development and sales regions are all examples of areas that might be reported on. Because costing system reports are intended voor internal use, they are not subject to the disclosure rules of any accounting framework, such as GAAP or IFRS. Instead, management can choose which sorts of information to see, which to disregard, and how the results should be structured and distributed for consumption.
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which financial statement elements (components) are reported in the income statement? multiple choice question. cash flow from operating, investing, and financing activities retained earnings and dividends assets and liabilities revenue and expenses
Financial statement elements that are recorded in income statement are revenues and expenses.
One of the three crucial financial statements used to represent a company's financial performance throughout a certain fiscal period is the income statement. The balance sheet and the statement of cash flows are the other two significant statements.
The revenue, expenditures, gains, and losses suffered by a business over a specific time period are the key themes of the income statement. An income statement, also referred to as the profit and loss (P&L) statement, offers vital information about a company's performance, the effectiveness of its management, underachieving industries, and its performance when compared to peers within the same industry.
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Additional benefits such as health insurance, retirement benefits, or life insurance that are paid by the employer are called benefits.
Additional benefits such as health insurance, retirement benefits, or life insurance that are paid by the employer are called benefits. --- True
Depending on the company, these benefits might include health insurance( needed to be offered by larger companies), dental insurance, vision care, life insurance, legal insurance, paid holiday leave, particular leave, sick leave, child care, fitness, withdrawal benefits and planning services, council debt relief benefits.
What are good benefits packages?
While this benefits can differ depending on who you ask, the standard in utmost diligence consists of health insurance, dental insurance, flexible spending accounts, withdrawal savings plans, holiday time, and fresh paid time off for benefits like family medical leave, motherliness leave, and feasts.
Employee benefits :Employee benefits and benefits in kind( also called borderline benefits, perquisites, or gratuities) include colorful types of non-wage compensation handed to workers in addition to their normal stipend or hires. Cases where an hand exchanges( cash) stipend for some other form of benefit is generally pertain to as a" payment packaging" or" payment exchange" arrangement
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three years ago, suzanne bought a new personal automobile for $26,900. this year, she sold it for $19,000. what is the amount and character of suzanne's recognized loss?
No loss was recorded when a personal asset was sold.
According to the exclusion rule, money that cannot be utilized to buy food or shelter is not taxable.
Of the following, which is not considered gross income?Income from municipal bond income, child support, life insurance death benefit money, and welfare are all excluded from the IRS's determination of your income tax. According to the exclusion rule, money that cannot be utilized to buy food or shelter is not taxable.Itemized deductions are particular costs borne by the taxpayer that may lower taxable income. Mortgage interest, state or local income taxes, property taxes, medical or dental expenses in excess of AGI restrictions, and charitable contributions are examples of itemized deductions.The costs you incurred for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest, and disaster losses are all included in itemized deductions.To learn more about Gross income refer to:
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meng company maintains a $335 petty cash fund. on january 31, the fund is replenished. the accumulated receipts on that date represent $87 for office supplies, $174 for merchandise inventory, and $27 for miscellaneous expenses. there is a cash shortage of $12. based on this information, the amount of cash in the fund before the replenishment is:
If a meng corporation keeps a $335 petty cash fund, the amount of money in the fund prior to replenishment is $300. January 31 sees a replenishment of the fund.
Dr. Office Supplies: $87; Dr. Merchandise Inventory: $174; Dr. Miscellaneous Expenses: $27; Dr. Cash Over/Under: $12; Cr. Cash: $300.
$335 in fund balance less $288 in revenues equals a hypothetical cash replenishment balance of $47.50. The cash on hand was less than projected as there fund was a $12 shortfall. $47 − $12 = $35. $30 less the $35 in cash on hand equals $300 for cash replenishment.
A pool of money designated for a certain use is known as a fund. A fund can be created for a variety of reasons, such as when a municipal fund government puts aside funds to build a new civic center, a college sets aside funds to give out scholarships, or an insurance company sets aside funds to settle claim payments from its clients.
Money can be invested in many types of funds by both individual and replenishment institutional investors with the intention of making money. Examples include mutual funds, which pool money from many participants and fund invest it in a diverse portfolio of assets, and hedge funds, which invest the assets of high-net-worth individuals (HNWI) and institutions in a way that is intended to achieve returns that are higher than the market average.
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what should an organization consider when offering incentive pay? (select all that apply.)multiple select question.the strengths and weaknesses of each type of incentivewhether low-achieving employees will feel slighted when their co-workers earn incentive rewardswhat kind of employee will be attracted to the organization because of the incentives being offeredhow the incentive will help achieve the organization's goals
The strengths and weaknesses of each type of incentive, What kind of employee will be attracted to the organization because of the incentives being offered, How the incentive will help achieve the organization's goals.
Incentives, broadly speaking, are any methods of persuading someone to change their behavior. By stating that more incentives result in greater levels of effort and, thus, higher levels of performance, the basic law of economics and the laws of behavior emphasize the importance of incentives.
There are two types of incentives: intrinsic incentives and extrinsic incentives. People's behavior is driven by internal motivations. They are frequently more motivated by the work itself or the internal reward during activities than by the outward reward. There are various internal rewards. For instance, engaging in activities may gratify people's sense of accomplishment and make them feel good.
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pkr inc. is launching its new product in the market. the managers at pkr want to price the product in a way that would enable the company to recover the investments made toward developing the product. which pricing strategy would be most effective for pkr inc.?
Price skimming strategy would be most effective for pkr inc. It would enable the company to recover the investments made toward developing the product in which new product prices are set high.
What exactly is price skimming?
Skim pricing, also defined as price skimming, is a monetization strategy in which new product prices are set high and then reduced as rivals enter the market. Skim pricing is the inverse of penetration pricing, which involves pricing newly launched products low in order to build a large customer base from the start.
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Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his _____ degree.
Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his doctoral degree.
Local making plans can be defined because of the integrated management of spatially bounded regions' monetary, social, and physical assets. Local procedures and regulations have been proposed and achieved because of the beginnings of civilized settlement.
Nearby planning offers the green placement of land use sports, infrastructure, and settlement growth throughout a more extensive area of land than an. Individual town or city. Definition of nearby planning.
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the compensation plan known as blank involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.multiple choice question.individual incentiveslabor unionmerit payprofit sharing
The compensation plan known as profit sharing involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.
An employee retirement plan that shares in corporate profits is known as a profit-sharing plan. An employee who participates in this sort of plan, also known as a deferred profit-sharing plan (DPSP), is given a share of the company's profits depending on its quarterly or yearly revenues. Although there are usually limitations on when and how a person can withdraw these assets without incurring fines, profit-sharing plans are a terrific method for businesses to give their employees a sense of ownership in the organization.
The amount of the firm's income it intends to share under the profit-sharing plan is entirely up to the corporation.
Employees are not permitted to make contributions to profit-sharing plans; only the firm may do so.
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how much money must you deposit now at 6% interest compounded quarterly in order to be able to withdraw $3000 at the end of each quarter year for two years? should you deposit more than or less than 24000 now?
To be able to take $3000 at the conclusion of each quarter year for two years, you must deposit money today at 6% interest compounded quarterly. Amount to Deposit is 22794 at this time.
QUARTER YEAR refers to the three-month period in each calendar year that ends on March 31, June 30, September 30, or December 31. (or such part thereof as the case may be for the initial and final Quarter Year periods under this Agreement). Companies can pay quarterly dividends by dividing the fiscal year into quarters, which can give shareholders a consistent flow of cash.
On a company's financial calendar, a quarter is a three-month period that serves as the foundation for recurring financial reports and dividend payments. One-fourth of a year is referred to as a quarter.
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Strong job satisfaction, greater task motivation, and better social integration at work all tend to be traits associated with __________.
Strong job satisfaction, greater task motivation, and better social integration at work all tend to be traits associated with Internal locus of control.
What is motivation?
Motivation is the reason why humans and other animals begin, continue, or discontinue a behaviour at any given time. Motivational states are commonly understood as internal forces that create a desire to engage in goal-directed behaviour. It is commonly held that various mental states compete with one another and that only the strongest state determines behaviour. This means we can be motivated to do something but not actually do it. Desire is the paradigmatic mental state that provides motivation. However, other states, such as beliefs about what one should do or intentions, can provide motivation. The term "motivation" is derived from the word "motive," which refers to a person's needs, desires, wants, or urges. It is the process of persuading people to act in order to achieve a goal.
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suppose that the anytown city government asks private citizens to donate money to support the town's annual holiday lighting display. assuming that the citizens of anytown enjoy the lighting display, the request for donations suggests that
The request for donations suggests that resources are currently under allocated to the provision of holiday lighting in Anytown.
The request for donations suggests that resources are currently underutilized in Anytown for holiday lighting. They are less than what is required.
Under-allocated resources are those with a higher investment allocation demand than available capacity. When resources are mismanaged, they are either under-allocated or over-allocated. Under-allocation occurs when there are more resources on hand than are required to complete the task at hand. This results in a waste of money and potential, as well as lower levels of productivity.
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financial information is presented below: operating expenses $ 45,000 sales returns and allowances 3,000 sales discounts 7,000 sales revenue 160,000 cost of goods sold 96,000 the profit margin would be
The profit margin would be =0.36
The required details about profit margin is mentioned in below paragraph.
Profit margin is the difference between your company's total operating expenses and its total revenue. The more money your company keeps, the larger your profit margin will be. One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits. Simply put, the percentage value represents the amount of profit the company made on each dollar of sales. For instance, if a company states that it had a 35% profit margin during the most recent quarter, that translates to $0.35 in net income for every $1 in sales.
Net Sales=Sales revenue-Sales returns and allowances-Sales discounts
=160,000-3000-7000
=$150,000
Gross profit=Net Sales-Cost of goods sold
=(150,000-96,000)
=$54000
Gross profit rate=Gross profit/Net Sales
=$54,000/$150,000
=0.36
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What type of enforcement do domestic laws use, such as laws in the united states that prohibit murder or theft?.
The type of enforcement domestic laws uses, such as laws in the united states that prohibit murder or theft is vertical.
Enforcement is the right execution of the method of making sure compliance with laws, regulations, guidelines, standards, and social norms.
The enforcement is aware will nation the reasons for action being taken and specify the stairs which the council requires to be taken that allow you to remedy the breach. There's a right of appeal against an enforcement observation.
Enforcement authority approaches the authority to put into effect any law, ordinance, rule, regulation or decision duly followed and observed with the aid of any jurisdiction where the Authority has control authority or where otherwise legal through regulation or by using agreement, settlement, memorandum of know-how, or request for service.
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the three primary activities in the business intelligence (bi) process are to acquire data, perform analysis, and publish results. group of answer choices true false
The three primary activities in the business intelligence (bi) process are to acquire data, perform analysis, and publish results. is True
What is Business Intelligence?Business intelligence is a combination of business analytics, data tools, data visualization, and infrastructure. Business intelligence helps users to draw conclusions from data analytics.
Business intelligence tools are used to handle large amounts of structured and sometimes unstructured data to create new strategies in in business opportunities. they help in easy interpretation of big data. Business intelligence is used in enterprises for supporting wide range of business decisions from operational to strategic .Business intelligence can generate a large amount of data in the form of email, memos, chats, reports ,
Elements Of Business Intelligence are
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if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost. group startstrue or false
This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
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This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
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consider an economy with two types of goods, fish and coconuts, and two consumers, robinson and friday. is it pareto efficient to give half of the fish and half of the coconuts to each consumer?
Not necessarily. if Robinson likes fish and Friday likes coconuts, then they could trade and be both better off. Even if both Robinson and Friday like both goods, it could be that their MRS is different when they get half of each type of good, so that they could be better off by trading.
What is pareto efficient ?
When resources are distributed in a way that no one may benefit without harming someone else, this is known as Pareto efficiency, also known as allocative efficiency.
What could be improved by the Pareto principle?
A potential Pareto improvement entails implementing a change that benefits some people at the expense of others. Theoretically, those who gain a lot can be used to make up for others who lose. In the end, we have a situation where some people benefit without harming others.
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ariable whole life includes all of the following features, except: a cash value that varies based on the market b a fixed, level premium c a guaranteed minimum death benefit d annual renewable term insurance
Variable all inclusive life could be a sort of changeless life protections arrangement. With highlights that incorporate cash esteem, speculation assortment, adaptable premiums and a adaptable passing benefit.
Does variable life have level premium?
Both variable life protections and entirety life protections are shapes of lasting scope. Premiums are level and not one or the other arrangement can be canceled due to changes in your wellbeing. Both sorts of life protections moreover have a passing advantage and collect cash esteem on a tax-deferred premise over time.
A variable life protections approach may be a contract between you and an protections company. It is planning to meet certain protections needs, investment goals, and charge arranging goals. It may be a arrangement that pays a indicated sum to your family or others (your recipients) upon your death.
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Kaley has an artistic personality type. She is creative, original, independent, chaotic, inventive, and is good with media, graphics, and text. What career would you recommend for her? Why?
For the personality traits of Kaley where she is identified as creative, independent, inventive, and is also good with media and graphics, a graphic designer can be considered as an ideal career option for her.
What is the significance of a career option?A career option can be referred to or considered as the stream or field in which an individual with the required skills and qualifications can seek for life and income opportunities.
Being a graphic designer is a career option where a person is allowed to be independent while being creative in the designing work that he or she does at the same time. It also requires skills and qualifications with good sense of knowledge of media and graphics.
Therefore, the significance regarding a career option has been aforementioned.
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Deposits are insured by the federal deposit insurance corporation up to _____________ per depositor.
$250,000 per depositor .
For each account ownership category, the standard insurance amount is $250,000 per depositor, per insured bank.
What is standard insurance amount?While different states require different types of insurance and additional options (such as gap insurance) are available, most basic auto policies include the following: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive, and uninsured/underinsured motorist.The three most important types of insurance are then examined in greater depth: property, liability, and life.Term insurance is the purest and most affordable type of insurance policy that allows you to choose a high life cover for a specific period of time.According to Bankrate's 2022 analysis of average quoted premiums from Quadrant Information Services, the average cost of car insurance is $1,771 per year for full coverage, or about $148 per month. Minimum coverage costs $545 per year on average.
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when, after discussions with the client, an accountant prepares financial statements that contain a known departure from the applicable financial reporting framework for an engagement performed in accordance with ssars, the accountant should
SSARS No. 21: Statement on Standards for Accounting and Review Services In October, the publication Standards for financial Accounting and Review Services:
Accounting Clarification and Recodification was released. 21 In cases when the accountant's professional judgment indicates that such financial statements would be misleading, they should not be prepared. For example, the accountant shouldn't remove nearly all of the disclosures needed by the financial reporting system. Engagements in preparation provide prepared financial statements on the company's behalf. In essence, the accountant gathers the company's financial data and creates the financial schedules for management. The standards for reviews, compilations, and engagements to create financial statements are clarified and updated by SSARS No. 21. Significant standard-related modifications are also included. for public-practice accountants that create financial statements for their customers. SSARS is largely used for preparations, compilations, and reviews, while SSAE is utilized for attestation activities (things unrelated to the financials). Accounting An accounting framework is a collection of standards used to evaluate, explain, and report the data contained in a company's financial statements.
The management of a firm is required by law in many countries to create and present financial statements that are compliant with local regulations. This is a legal obligation because the law requires it.
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elements of project planning include: question 20 options: identifying time-cost tradeoffs. determining the project critical path. comparing project schedule objectives. all of the above
Elements of project planning include all of the above.
In the field of business, project planning refers to the planning aspect of a project, the cost, implementation, the work required, the critical paths, etc.
Through project planning, managers can estimate how much the total cost of the project will be and make a budget accordingly. All the critical paths in relation to a project are determined in project planning so solutions for them are already present. Based on project planning, the project schedules are compared to check if deadlines are being met in accordance with the estimated time.
Hence, all of the above options are correct.
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north carolina national bank (ncnb) used its unique core competency of identifying, appraising, and integrating acquisition targets to be rebranded as bank of america, one of the largest banks in the united states. this is an example of a firm
One of the largest banks in the united states. This is an example of firm leveraging existing core competencies to improve its current market position.
Competence is the ability to apply or use the relevant set of knowledge, skills and competencies necessary to successfully perform a "critical work function" or task in a defined work environment.
Competence: The knowledge, behavior, attitudes, or even skills that lead to the ability to do something successfully or efficiently. The ability to make business decisions becomes a competency. Skills: Skills acquired and applied to effectively use one's knowledge in execution or performance.
Core competencies also called "core qualifications", are a list of qualifications required for a job. The Core Competencies section includes your skills, qualifications, knowledge of various software products, or personality traits that make you a desirable candidate.
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mary ann is a project manager who is managing the construction of a new house. what is the earliest phase of the project in which mary ann would assign jobs to the construction contractors?
The earliest phase of the project in which Mary Ann would assign jobs to the construction contractors is Project Execution.
What is Project Execution?
The phase most often connected to project management is this one. Building deliverables that satisfy the consumer is the focus of execution. This is accomplished by team leaders by allocating resources and maintaining team members' attention on their assigned responsibilities.
The main goal of project execution is to create and produce the project's anticipated deliverables, which must be delivered on schedule, on budget, and must adhere to the project's agreed-upon scope and client quality standards.
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j.z. (single taxpayer) is retired and received $10,000 of social security benefits this year. how much of the $10,000 social security benefits is taxable if his only other income was $28,000 of pension income and $2,000 of interest income?
His taxable security benefits will therefore stand at $4000.
Benefits from Social Security offer qualified retired adults and those with disabilities, as well as their spouses, children, and survivors, a portion of a replacement income. To be eligible for benefits, a person must contribute to the Social Security system during their working years and accumulate 40 credits.
Any gross income that is used to determine how much tax you owe is referred to as taxable income. It is simply your adjusted gross income less any deductions, to put it simply. Included in this are any pay, tips, salaries, and bonuses received from employers. Additionally included are investments and unearned income.
The updated AGI for J.Z. plus half of his social security benefits come to = $28,000 + $5,000 = $33,000
His taxable Social Security benefits, therefore, equal the smaller of
(1) $5,000 (50% of his social security benefits) or
(2) $4,000 (being 50% of ($28,000 modified AGI + $5,000 (50% social security benefits) - $25,000).
Therefore, his taxable security benefits will be $4000.
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your parents will retire in 29 years. they currently have $380,000 saved, and they think they will need $2,100,000 at retirement. what annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? round your answer to two decimal places.
Time Value of Money (TVM) may be a money theory that holds that cash attained or possessed nowadays is valued over an identical quantity of cash attained or possessed within the future as a result of the interest-earning capability of funds.
This is a future price question wherever we are being asked to unravel the speed of coming back. as a result, we tend to manipulate the long-run price formula to isolate and solve for r.
FV = PV x [1 + (i / n)] (n x t), where
R represents Annual Interest,
FV is the Future Value
PV is the Present value
T represents the number of periods
r= (2100000/380000)1/19- 1
r=0.09414671248
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high-volume purchases that are important to your operations would be considered what kind of buy? a. routine b. critical c. leverage d bottleneck e. none of the above
high-volume purchases that are important to your operations would be considered as critical buy.
What are the kinds of buy?There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. There are three different corporate purchasing scenarios to take into account. They are new buy, modified rebuy, and direct rebuy. First, it's important to recognize that there are three primary categories of consumers: average spenders, spendthrifts, and tightwads. The labels are probably sufficient explanation, but let me to delve a little deeper so you can see how these three buyer types might affect your marketing strategies.There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps.To learn more about critical buy refer to:
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a bill called the working families flexibility act (h.r. 1180) was recently introduced in washington that would amend the flsa to permit private-sector employees the same options as those in the public sector. which of the following is a likely outcome of this bill? a. public-sector employees will only be permitted to receive extra pay when they work overtime. b. private-sector employees will only be permitted to receive non-monetary rewards when they work overtime. c. private-sector employees will be permitted to take time off rather than receive extra pay when they work overtime. d. public-sector employees categorized as direct employees will be permitted to receive extra pay for working overtime.
The outcome of the bill Working Families Flexibility Act (H.R. 1180) is that - Private-sector employees will be permitted to take time off rather than receive extra pay when they work overtime.
What is Working Families Flexibility Act?
The Working Families Flexibility Act will modify us Fair Labor Amendment of 1966 to give both employees and employers more leeway when it came to overtime labour. Instead of existing federal law that requires hourly employees to earn 1.5 times their regular pay for each hour worked over forty hours in a week, the Organized Labor Flexibility Act would enable employers to provide workers the option of receiving this conventional 1.5 times pay OR accumulating 1.5 hours of paid leave for each hour of extra hours worked. In other words, employees who value more time off to care for family members or even take a break in lieu of extra compensation will no longer be barred from pursuing a flexible paid vacation option from their employers under federal law.
Therefore, the correct option is C
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Think of something you recently purchased on impulse. What made you decide to make the purchase? would you buy it again, or do you wish you hadn’t bought it in the first place?.
A purchase is made based on the need or desire of a person.
Making a purchase on impulse means buying something at the instant spot without thinking about it before.
You can make a purchase for items such as a dress on the spot. You took the decision to buy it because it was a beautiful one and although you did not have the budget but you thought that you will cut loose on other items.
Whether we will buy it again or not depends on the budget of the person. If he manages to squeeze the dress into the budget, then he will buy it again. If not, then he will think that he might not have brought it in the first place.
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a bowling alley rents pairs of shoes to customers. the bowling alley rents out each pair of shoes for $6, and each pair of shoes costs the bowling alley $2 to sanitize upon return. the sanitizing machine costs $250 to rent each month. what is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine?
65 is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine.
Rent for each pair of shoes = $6
Cost for sanitize = $2
Net profit = $4
Cost of rent for sanitizing machine costs = $250
Therefore, no. of pairs = 250/4 = 65(approx.)
What is rent?A set monthly fee you pay to use someone else's home, vehicle, television, or other property on a regular basis. Due to the larger size of my room, I pay a higher rent/more rent than the other tenants.
According to the formula, one can determine the value of economic rent by subtracting the free market. From the agreed-upon price of the production factor, read more price. The price that is agreed upon by both the buyer and the producer is known as the agreed price.
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