Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy the mini-bus and set up a commuter service between Lincoln and Omaha. There are 1000 people who will pay $400 a year each for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation, etc. What are Jane's total revenue? A. $600,000 B. $250,000 C. $400,000 D. $480

Q: Your grandparents decide they would like to put aside money to help support each of their…

A: Grandparents want to give $18000 to their grandchild on the 18th birthday of the grandchild. That…

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a…

A: An economic profit or loss is the difference between the price of a product's selling profits and…

Q: A bank pays one percent interest on savings account four times a year. What is the actual annual…

A: Interest rate is charged by the lender for using its money.

Q: Imagine you were just offered a full-time, 40 hours per week, position with a recycling company. The…

A: Since you have asked multiple questions, we will solve the first question for you. The rest of the…

Q: Suppose mitigating greenhouse gas emissions today resulted in a benefit of 10 million dollars…

A: Present value refers to the discounted value of future benefits . Present value is the value…

Q: Felix is purchasing a brownstone townhouse for ​$2,100,000. To obtain the​ mortgage, Felix is…

A: The purchase cost of a home is $2100000The down payment is 16% of the purchase costNumber of payment…

Q: You quit your job as an analyst making $40,000. You then take you $500,000 in savings and open a…

A: Given, Earnings from job as an analyst = $40,000, Saving = $500,000 Interest rate on government…

Q: one's salary is $100k per year, the interest rate is 0.5 % (bank's rate), and the withdrawal cost is…

A: The demand for money in monetary economics refers to the desire to hold financial assets in the form…

Q: Why is using home equity a risky way to make purchases that do not add to your assets? It's not…

A: Home equity loans make it easier for homeowners to borrow money from equity at home. However, equity…

Q: Chevy sells the Corvette for $60k - $80k, yet some research unveils that it costs little over $25k…

A: Goods such as sports cars, luxury watches, designer jewelry, etc are considered as Veblen goods.

Q: 42 years ago the maximum earnings of a worker subject to Social Security tax (SST) was $11,000. The…

A: The objective of the question is to calculate the compound annual growth rate (CAGR) of the maximum…

Q: Suppose that upon graduation you decide to buy a house in Riverside. You have $5,000 of cash savings…

A:

Q: Tanim quits his engineering job, where he was earning a salary of $70,000 per year, to start his own…

A: Answer - Need to find- Sunk cost    Sunk cost = It is the cost that is not recoverable by the owner…

Q: If you paid $56 to a loan company for the use of $1,478 for 96 days, what annual rate of interest…

A:

Q: Give typing answer with explanation and conclusion You have opened your own word-processing…

A: The difference between the total revenue of a firm and all its cost that includes both explicit and…

Q: What is an interest “reference rate,” and how is it used to set rates for individual borrowers?

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Problem 3.20 Part of the income that a machine generates is put into a sinking fund to replace the…

A: A sinking fund is a financial strategy used by individuals, businesses, or governments to set aside…

Q: You are getting a loan to buy your first home. It is a $250,000 home with three bedrooms and two…

A: In the business cycle, a recession is a negative trend characterised by a decline in production and…

Q: What should you do if you own a factory building that currently is generating a perpetual annual…

A: Present worth of the perpetual cash flow can be calculated by using the following formula.

Q: Jessica has been working for a law firm and earning an annual salary of $90,000. She decides to open…

A: Given; Her annual salary= $90000 Annual expenses:- Office rent= $15000 Supplies= $1700 Utilities=…

Q: 1. A 325,000 sf office building is 25% vacant. The remaining occupied sf generates $9,000,000 in…

A: Gross potential income (GPI) alludes to the absolute rental income a property can deliver if all…

Q: If a lender gives you a loan for $500,000 today. You promise to pay $X a year for the next 30 years.…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Ketchup Corporation is currently trading at $40 per share. There are 0.5 million shares outstanding.…

A: When you invest money in the stock market than it is possible that you may get extra ordinary profit…

Q: When you are 32, you win $20,000 in the lottery. You decide to spend half of your winnings…

A: The personal financial situation is affected by individual choices regarding financial decisions.…

Q: Problem 4 Hiro owns and operates a small business that provides economic consulting services. During…

A: (a) Hiro's accounting profit can be calculated by subtracting his explicit costs from his total…

Q: Nancy intends to register her soup manufacturing business. She is not sure of the types of business…

A: Business ownership applies to an entrepreneur's command, having the ability to govern tasks and…

Q: Kathy and Ali registered as partners in a web design business. Kathy purchased a new computer for…

A: Partnership is the type of the business which are operated by more than one person. In case of…

Q: Clearly explain the transmission mechanism of a change in the rate of interest on a country’s…

A: Balance of Trade:The balance of trade refers to the difference between the value of a country's…

Q: Our new computer system cost us $110,800. We will outgrow it in five years. When we sell it, we will…

A: The objective of the question is to calculate the Capital Cost Allowance (CCA) and Undepreciated…

Q: If a company's annual discount rate is 8% what would the present value of $1,000 in year 5 of a…

A: Present Value = FV(1+r)N    where, FV = Future Value = $1000 r = discount rate = 8% = 0.08 N =…

Q: Joseph and three other friends bought a $290,000 house close to the university at the end of August…

A: Approach to solving the question:Please see attached photos for detailed solutions. Thank…

Q: How would present a loss and or an expense or damage claim?

A: Development contracts will by and large accommodate the contractor to guarantee direct loss and…

Q: Eduardo, a teacher, earned $40,000 as his annual salary from his employer in 2018. But in 2019 he…

A: Accounting profit  is measure of profit of a firm which takes explicit costs into account.While…

Q: If the interest rate is 7.0%, what is the present value of a perpetuity paying $210 per year? (A…

A: Present Value of perpetuity-Perpetuity is used in accounting and finance, represents  a business or…