<span>The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.
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Answer:
a. $6,400.
Explanation:
In solving this question on Computing the amount of Purchasing department expense to be allocated to Assembly, we'll have to use the formula below:
Purchasing department expense to be allocated to Fabrication = Total Cost of purchasing department X number of purchase order in / Total numbers of purchase orders in all operating departments
= $32000 X 4/20 = $6,400
It is RECKLESS CONDUCT. Reckless conduct refers to a practitioner's careless act which deviates significantly from the standard of care a reasonable individual would exhibit under a similar situation. Reckless conduct is a culpable offence and is punishable under the law.
Answer: No, it is not a violation of RESPA
Explanation:
No, the scenario in this question is not a violation of the RESPA conduct because there is no penalization if an organization pays an individual for the services performed. The RESPA violations of bribery, referrals, and the fee splitting proscription are therefore subject to the severe penalties which further includes fines and imprisonment.
Answer:
for rate 11.2 percent ,principal = 8419.47
for rate 5.6 percent , principal = 86123.90
Explanation:
given data
amount wish A = 1,000,000
time t = 45 year
rate r1 = 11.2 % = 0.112
rate r2 = 5.6 % = 0.056
to find out
how much do you have to invest today
solution
we know here amount formula that is
amount = Principal × ..........................1
here r is rate and t is time so
for rate r1 principal amount is by equation 1 we get
amount = Principal ×
1,000,000 = Principal ×
principal = 8419.47
and for rate r2 principal is from equation 1
amount = Principal ×
1,000,000 = Principal ×
principal = 86123.90