Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
c.Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?

Answers

Answer 1

Answer:

1.Annual discount for dead-bolts $22.50

Recovery period 4.44 years

2.Annual discount for smoke alarms $9.00

Recovery period 1.5 years

3. Yes

Explanation:

1. Calculation for the years it will take Dave and Ellen to earn back the cost of the dead-bolts

a. We were going to calculate for the Annual discount for dead-bolts using this formula Annual discount for dead bolts =Discount percent × Annual premium

Let plug in the formula

Annual discount for dead-bolts =0.05 × $450

Annual discount for dead-bolts =$22.50

b. We are to find Recovery period using this formula Recovery period=Cost of dead bolts / Annual discount for dead-bolts

Let plug in the formula

Recovery period= (2 × $50) / $22.50

Recovery period=100/$22.50

Recovery period= 4.44years

2. Calculation for the years it will take Dave and Ellen to earn back the cost of the smoke detectors

a. We are going to calculate for the Annual discount for smoke alarms using this formula Annual discount for smoke alarms =Discount percent × Annual premium

Let plug in the formula

Annual discount for smoke alarms =0.02 × $450

Annual discount for smoke alarms =$9.00

b. We are going to find the Recovery period using this formula Recovery period=Cost of smoke alarms / Annual discount for smoke alarms

Let plug in the formula

Recovery period=(2 × $7) / $9.00

Recovery period=14/$9.00

Recovery period= 1.5 years

3. Yes I Would recommend both Dave and Ellen to invest in the safety items, if they plan to stay in that house for about 5 years as they should recover most of their costs within the planned tenancy of the house and for their personal safety they should install the items regardless of all the recovery time period.


Related Questions

Silas Company reported the following information for 2015: Sales revenue $500,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 20,000 Cash dividends received on the securities 2,000 For 2015, Silas would report comprehensive income of

Answers

Answer:

$20,000

Explanation:

Since there are cash gains that have not been realized as a result of the goods not being sold complete;y. This means that there is still more cash for to be inputted into the account information when a comprehensive income review is done.

from the question, it shows that $20,000 is te unrealized gain and as such is the going to be part of comprehensive income when the books of Silas company are to be reckoned.

Cheers.  

In​ ______ cycle​ theory, fluctuations in both investment and consumption​ expenditure, driven by fluctuations in the growth rate of the quantity of​ money, are the main source of fluctuations in aggregate demand.

Answers

Answer: Monetarist

Explanation:

The monetarist theory is a theory which believes that the changes in the supply of money is the most important factor in the growth of an economy.

In this concept, economic stability can be fostered through targeting the money supply. The theory assume that the fluctuations in both the investment and consumption​ expenditure, which are s a result of the fluctuations in growth rate of the quantity of​ money, are the main source of fluctuations in aggregate demand.

Hearing that her job has been terminated, Eleanor has responded by saying, "I never will get another job. There is no other work that I can do." Her counselor responds by saying, "There are other jobs that you can do. I will help you consider other types of work." The counselor's statements most clearly fits:______.
A. Holland's theory.
B. Myers- Briggs Type theory.
C. social learning theory.
D. Super's developmental theory.

Answers

Answer:

C

Explanation:

________ is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Multiple Choice Selling Advertising Marketing Mixing markets

Answers

Answer:

The given option "Marketing" is the right choice.

Explanation:

Marketing seems to be focused on thought about either the market regarding consumer expectations as well as satisfaction with them. It is different from selling, although selling is concerned with either the methods or strategies of convincing investors to exchange some currency for a certain commodity.

Some other options in question are not connected to something like the given scenario. And the above will be a good alternative.

Answer:

Marketing

Explanation:

Suppose that kyle and lisa are both in the public eye. they get offers to sell secrets of the other to tabloids. if both keep the secrets, they are both better off than if they get exposed. if only one is exposed, the other person is better off than if no one was exposed. thier payoffs from each option are given in the payoff matrix below.

Answers

Answer:

Give us more

Explanation:

No payoff matrix included, and no question present.

The two most basic inventory questions answered by the typical inventory model are: Group of answer choices Order quantity and service level Timing and quantity of orders Quantity and cost of orders Ordering cost and carrying cost Timing and cost of orders

Answers

Answer:

timing of orders and order quantity.

Explanation:

The economic order quantity is the quantity at which the carrying cost and the ordering cost is equal to each other. It depicts the number of units that added in the inventory and it makes that number of units orders so that it can lowered the total inventory cost i.e purchase cost, carrying cost and the ordering cost

On the other hand, the reorder point is the point at which the firm holds the stock and when it reaches that point at which the firm is able to reorder the items

Therefore the order timings and the quantity orders are the two basic inventory questions i.e to be answered.

Great Britain, Denmark, and Sweden have stayed out of the euro zone because of the Multiple Choice dollar peg advocated by some members of the European Union. implied loss of national sovereignty to the European Central Bank. volatility of the euro. reluctance to compete directly against the U.S. dollar. reluctance to be considered an optimal currency area.

Answers

Answer:

implied loss of national sovereignty to the European Central Bank

Explanation:

Unlike France, that has adopted the Euro as its currency, Great Britain, Denmark and Sweden have all decided to stay out of the Euro zone. This is because accepting the Euro as their currency will mean that the European Central Bank, through the Euro, has power over their economies as a result of exchange.

Also, staying away from the Euro zone means that the European central bank doesn't have control of  their monies among other things.

Cheers

Van and her brother Trung both own homes valued at $175,000. Both pay property taxes at 1.25% and pay annual taxes of $2,187.50. They live in different neighborhoods. Van’s property value is expected to increase by 5% next year.Trung’s property value is expected to increase by 3%. How will these changes affect their property taxes? Check all that apply.

Answers

Answer:

Van's property tax will increase.

Trung's property tax will be less than Van's.

Trung's property tax will increase.

Explanation:

Data provided in the question

Value of the home = $175,000

Property taxes = 1.25%

Annual taxes = $2,187.50

Increased percentage for Van = 5%

Increased percentage for Trung = 3%

based on the above information, the affect is as follows

Van's property tax would rise as he expects his home's value to rise more than Trung's property value. Since the value of Van 's property is rising and rising more than that of Trung, Trung's would be less than that of Van. Because of the rise in value Trung's property tax is rising.

Harry deposits $2400 in an account that pays 7% simple interest and $3500 in a second account that has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $800 in interest for one year?

Answers

Answer:

18.0571%

Explanation:

Simple interest = principal x time x year

simple interest on the first investment = $2400  x 0,07 x 1 = $168

in order to earn at least $800 , he must earn $800 - $168 = $632 in the second investment

$632 = $3500 x r x 1

r = $632 / $3500 = 0,180571 = 18.0571%

Corporate parenting generates corporate strategy by focusing on:_____.
a) differentiating its activities into separate units and integrating these activities through complex integrating mechanisms.
b) the cash flow among its business units.
c) the core competencies of the parent corporation and on the value created from the relationship between the parent and its units.
d) whether a business unit should be growing, stabilizing, or retrenching.
e) acquiring distinctive competencies in the marketplace.

Answers

Answer: c) the core competencies of the parent corporation and on the value created from the relationship between the parent and its units.

Explanation:

T-bills are offered in what monetary increment? $1 $10 $100 $1000

Answers

Answer:

1,000 is the answer

Explanation:

Because it is

Answer:

The correct answer is $100

Explanation:

This information has come directly from the U.S department of treasury.

For most producing firms:_______.
a. average total costs decline as output is carried to a certain level, and then begin to rise.
b. marginal cost rises as output is carried to a certain level, and then begins to decline.
c. average total costs rise as output is carried to a certain level, and then begin to decline.
d. total costs rise as output is carried to a certain level, and then begin to decline.

Answers

Answer:

letter a is the correct answer

Explanation:

What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be competitive with the USA saving bonds which pay 1% interest compounded annually at what price will the state bonds sell

Answers

Answer:

The price will the state bonds sell would be $951.46

Explanation:

In order to calculate the price will the state bonds sell we would have to make the following calculation:

price will the state bonds sell=price to be converted/(1+interest rate)∧n

According to given data we have the following:

price to be converted=can be converted to $1,000 at maturity date of five year from purchase

interest rate=1%

n=5

Therefore, price will the state bonds sell=$1,000/(1+1%)^5

price will the state bonds sell=$951.46

The price will the state bonds sell would be $951.46

Group companies normally trade with each other and are involved in other forms of business relationships. Discuss the impact that this will have on group performance and tell how these transactions are dealt with in the books of the group as a whole

Answers

Answer:

Some of the impacts that will have on group performance:

Cost cutting due to transfer pricingRevenue increase due to internal trading

The internal trading transactions will be separated from the reconciliation statements.

Explanation:

Which of the following scenarios best illustrates bundling? Cumulus Media Inc. sells its cloud computing network by having customers pay for the service as they use it. Fresh Seeds Inc. sells seed packages, in which a person can buy a package of three types of seeds at a discounted price compared to buying the seeds individually. Sharp Cable Inc. sells its basic TV channels for free but charges high prices for any channels that customers add on later. Clean Brush Inc. sells its electric toothbrushes for a low cost, but charges a high price for replacement brushes.

Answers

Answer:

The scenario that best illustrate BUNDLING is option B which state that:

Fresh Seeds Inc. sells seed packages, in which a person can buy a package of three types of seeds at a discounted price compared to buying the seeds individually

Explanation:

BUNDLING occur when a company or an organisation combine different product together as a package and than sell those product at a discounted amount or lower price instead of charging their customers to buy those product separately

For example, a customers may prefer iPhone 6 than iPhone 5 Instead of the company to sell iPhone 6 for $500 dollars and iPhone 5 for $400 dollars each, the company will then bundles or combined the two product and sells them at a discounted price or amount of $300.

An investment adviser structured as a partnership lends money to a customer to buy recommended securities. Under NASAA's Model Rule on Unethical Business Practices of Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers, this activity is

Answers

A) acceptable, provided the securities are used as collateral for the loan and the loan conforms to the provisions of Regulation T.

B) acceptable, provided the loan is made under the provisions of Regulation T of the Federal Reserve.

C) unethical.

D) acceptable, provided the securities are used as collateral for the loan.

Answer: Unethical

Explanation: Based on the model and policy of the North America Securities Administrator's Association, the investment adviser cannot lend money to a customer to purchase recommended securities under the guise of being partners, such behavior is deemed UNETHICAL and in violation of the rule binding the practices and investment advisers and investment adviser representatives.

Customers can purchase securities by taking loans from recommended or regulated lender, broker or bank.

Exhibit 15-3 Potatoes and wheat output (tons per day) Country Potatoes Wheat United States 4 2 Ireland 3 1 In Exhibit 15-3, the United States has an absolute advantage in producing: Group of answer choices

Answers

Answer:

The answer is "Both potatoes and wheat"

Explanation:

The actual value of US production is a productivity gain, which is the value of potatoes and wheat, since it will yield more with a given day than in Ireland. Unless the country has it, otherwise nation A (USA) created the product more for country B (Ireland), the benefit between two commodities. Instead of the national comparative benefit, foreign trade is based on the concept of competitive advantage.

An activity-based costing system ______. requires substantial resources provides benefits of improved accuracy that always outweigh the costs produces different numbers than a traditional system is costly to maintain

Answers

Answer:

1. Requires substantial resources.

2. produces different numbers than a traditional system.

3. Is costly to maintain.

Explanation:

Activity-based costing (ABC) system is a method of accounting assigns the total cost of activities such as manufacturing overhead costs and indirect costs necessary to produce a product or provide a service.

Basically, an activity-based costing (ABC) system is focused on the cost drivers associated with the respective activities, which are responsible for cost to be incurred. The cost drivers are activities such as direct labor, purchase order, machine use etc.

Hence, an activity-based costing system requires substantial resources, produces different numbers than a traditional system and is costly to maintain.

An activity-based costing system Requires substantial resources, produces different numbers than a traditional system, and Is costly to maintain. Thus options A, C, and D are correct.

The ABC system (activity-based costing) is an accounting technique that determines the entire cost of activities like manufacturing overhead expenses and indirect costs required to create a good or deliver a service.

An activity-based costing (ABC) system basically focuses on the cost drivers connected to the corresponding actions that cause costs to be incurred. Activities including direct labor, purchase orders, equipment utilization, etc., are the cost drivers.

As a result, an activity-based costing system is expensive to run, takes significant resources, and generates data that differs from that of a typical system.

Learn more about Activity-based costing system here:

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Your question seems to be incomplete, but most probably the complete question was:

An activity-based costing system ______.

A. requires substantial resources provides

B. benefits of improved accuracy that always outweigh the costs

C. produces different numbers than a traditional system

D. is costly to maintain

Sal purchased a used toaster at a yard sale. The seller told Sal that although the toaster was more than 10 years old, she had not had any problems with it. Sal takes the toaster home and uses it for a few months. One day, however, as Sal was using the toaster, it malfunctioned and caused a small fire in Sal's kitchen along with significant smoke damage. Sal decides to sue the manufacturer of the toaster and will do so within one month of the fire. What would likely be the manufacturer's best defense in a strict liability in tort action brought by Sal?

Answers

Answer:

The manufacturer of the toaster would argue from the point of view of the warranty offered for the toaster. In most electronic products, the manufacturer offers warranty ranging from 1 year to 5 years.

For the toaster to have worked for more than 20 years without any problem shows that it was a good product. And, the warranty must have expired hence the need not to be held responsible for whatever happened to it.

Explanation:

You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?

Answers

Answer:

The change should you expect in operating cash flows next year would be 19.60%

Explanation:

In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:

change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year

change should you expect in operating cash flows=2.8*0.07

change should you expect in operating cash flows=19.60%

The change should you expect in operating cash flows next year would be 19.60%

Assume that we are in the MM world. Health and Wealth Company is financed entirely by common stock that is priced to offer a 12 percent expected return. If the company repurchases 20 percent of the common stock and substitutes an equal value of debt yielding 8 percent, what is the expected return on the common stock after refinancing

Answers

Answer:

13%

Explanation:

the new cost of equity = old cost of equity + [(debt / equity) x (old cost of equity - cost of debt)]

the new cost of equity = 12%+ [(20 / 80) x (12% - 8%)] = 12% + 1% = 13%

Since we are in the MM world, taxes do not exist, therefore they are not included in the equation.

Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the periodic rate is 1.75%. peggy's previous balance is $9,472.08. she had payments and credits of $250.00. her new purchase of $45.00 was not included in the finance charge calculation. what is the new account balance including the new purchase? (hint: calculate finance charge before adding $45.00 to the balance.) $9,428.47 $9,222.08 $9,267.08 $9,429.25

Answers

Answer: $9428.47

Explanation:

Given the following :

Periodic rate = 1.75% = 0.0175

Previous balance = $9472.08

Payments and credit = $250

New purchase = $45

Unpaid balance = previous balance - payments and credit

Unpaid balance = $9,472.08 - $250 = $9222.08

Finance charge = unpaid balance × periodic rate

Finance charge= $9222.08 × 0.0175 = $161.3864

New balance = (unpaid balance + finance charge + new purchase)

New balance = $(9222.08 + 161.3864 + 45)

New balance = $9428.4664

New balance = $9,428.47

What best describes the kinds of companies in which a socially responsible
investor would invest his or her money?
O A. Companies that rely on nonmonetary calculations when doing
cost-benefit analysis
B. Companies with a business model and social mission that the
investor supports
O C. Companies that put profit-maximization above all other
considerations
O D. Companies that work toward decreasing marginal utility for a
society

Answers

Answer: Companies with a business model and social mission that the

investor supports

A company purchased merchandise to be resold at increasing costs during the year 2019. The purchases were made at the following costs. 1. What are the number of units and the cost of the goods available for sale? 2. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 3. Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 4. Assuming the periodic weighted-average cost flow assumption, what is the company's cost of goods sold for the 120 items sold in 2019? 5. Assuming the LIFO perpetual cost flow assumption, what will be the company's cost of goods sold if 10 units were sold on the last day of each month during the year 2019? 6. Assuming the perpetual moving-average cost flow assumption, what is the company's cost of goods sold for the 110 items sold in 2019? 7. A company's inventory was destroyed in a fire on January 28, 2020. The company's December 31, 2019 inventory had a cost of $40,000. The company's gross profit has consistently been 30% of sales. During January the company purchased merchandise costing $36,000 and sales of $50,000 at regular selling prices. What is the estimated cost of the inventory that was destroyed on January 28, 2020?

Answers

Answer:

7. $41,000

Explanation:

7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).

Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,838.

To buy the car, he must put 10 percent down, and his loan is for five years with an interest rate of 4.4 percent. His payments are $432.46.

To lease the car, he can sign a three-year contract with payments of $290. He needs to provide $1,500 up front to pay initial fees and his first month's payment. His annual mileage cannot exceed 15,000 miles.

Jamir’s new job is 25 miles away from his home. What is the most important thing he needs to consider before agrees to a lease?

Answers

Answer:

he will do more than 15,000 miles a year

Explanation:

Answer:

b) He will have to come up with a bigger down payment. c) His monthly payments will be higher.

Explanation:

can't see my options but got a question like this on edge.

A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate their experience with either a smiley, neutral, or sad face emoji. This practice is an example of _______ control. behavioral concurrent bureaucratic feedforward feedback

Answers

Answer:

Feedback.

Explanation:

In this scenario, a coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate their experience with either a smiley, neutral, or sad face emoji. This practice is an example of feedback control.

Feedback can be defined as the information acquired from customers or  consumers about their reactions to a particular product bought or service taken. Business firms or entities use informations gathered through feedback to improve on the quality of their products or services being provided to consumers and to measure sales performance.

In a closed​ economy, the values for​ gdp, consumption​ spending, investment​ spending, transfer​ payments, and taxes are as​ follows: y​ = ​$11 trillion c​ = ​$8 trillion i​ = ​$2 trillion tr​ = ​$1 trillion t​ = ​$2 trillion using the information​ above, what is the value of private saving and public​ saving?

Answers

Answer:

Private saving = $2 trillion

Public saving = $1 trillion

Explanation:

Private saving = GDP - Taxes + Transfer payments - Consumption spending

= Y - T + TR - C

= $11 - $2 + $1 - $8

= $2 trillion

Public saving = Taxes - Government spending - Transfer payments

= T - G - TR

= $2 - $0 - $1

= $1 trillion

Therefore;

Private saving = $2 trillion, Public saving = $1 trillion

Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2

Answers

Complete question :

Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2.

What was nominal GDP in year 1? What was real GDP in year 1?What was nominal GDP in year 2? What was real GDP in year 2?

Answer: $21 ; $21 ; $30 ; $30

Explanation:

Given the following:

Goods, price YR 1; qty YR 1; price YR 2; qty YR 2

Quarts of ice cream; $4.00; 3; $4.00; 5

Bottles of shampoo; $3.00; 1; $3.00; 2

Jars of peanut butter; $2.00; 3; $2.00; 2

A.) Nominal GDP in year 1:

NOMINAL GDP = SUMMATION OF THE PRODUCT OF PRICE AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 3 = $12

BOTTLE OF SHAMPOO = $3 × 1 = $3

JARS OF PEANUT BUTTER = $2 × 3 = $6

NOMINAL GDP = $(12 + 3 + 6) = $21

B) REAL GDP YEAR 1

REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 3 = $12

BOTTLE OF SHAMPOO = $3 × 1 = $3

JARS OF PEANUT BUTTER = $2 × 3 = $6

REAL GDP = $(12 + 3 + 6) = $21

C) NOMINAL GDP YEAR 2

QUARTZ OF ICE CREAM = $4 × 5 = $20

BOTTLE OF SHAMPOO = $3 × 2 = $6

JARS OF PEANUT BUTTER = $2 × 2 = $4

NOMINAL GDP = $(20 + 6 + 4) = $30

D)REAL GDP YEAR 2

REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR

QUARTZ OF ICE CREAM = $4 × 5 = $20

BOTTLE OF SHAMPOO = $3 × 2 = $6

JARS OF PEANUT BUTTER = $2 × 2 = $4

REAL GDP = $(20 + 6 + 4) = $30

If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.

Answers

Explanation:

For a company to remain profitable and competitive in the market, it must build a solid and positive positioning that guarantees itself and its stakeholders reliability and competence.

For this, some practices must be adopted in all its internal and external processes. Can be:

Compliance with local legislation. Development of policies that promote ethical behavior .Development of social programs .Environmental management focused on minimizing environmental impacts. Transparency in accounting results.

The company must institute social and environmental policies and practices since its strategic planning, as currently at a level of global competitiveness, companies are responsible for developing corporate governance with a focus on helping to promote good practices that assist in the development of society and preserving the environment. Having positive values ​​builds a positioning that increases the reliability of the company's processes and ensures the continuous improvement of the processes, the reduction of waste, the attraction of investors, etc.

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