Economics Answers

the account period of meander enterprises ends on the last day of february each year. on 28 february 2017, the total of the rent expenses account was R41100. rent was paid up to 31 march 2017.notes: rent expense increased by 10% with effect from 01 september 2016. which will be the correct journal entry to adjust the rent expense account on 28 february 2017?

“it is orthodox to say people’s desire has no boundary from the time past, even in the face realistic limited resources, individual agents never stop to want more of economic output”.In not less than 180, and not more than 250 words, validate the above statement and discuss with relevant details.

A person has monthly income of y rupees which he decides to spend on two goods.one is consumption and other is saving bond.The price of consumption is twice of second one. Let price of saving bond as p-2.
Does this problem can be solved using bughet line.

How is employment measured in South Africa?

Ahmned wants to buy a motorcycle that costs today $30,000 dollars His monthly net salary is $4000 and his monthly expenses are $3300. The company selling the motorcycle offers loans as presented in table below:
#of monthly payments % Interest p.a. comp, monthly
Alternative 1 $36 5.50%
Alternative 2 $48 6.52%
Alternative 3 $60 6.55%

What is the best economic alternative for Ahmed having into account his income and expenses?

You borrow $1400. To repay the amount, you make 12 equal monthly payments of $122.50 Determine the following:
a) The effective monthly interest rate
b) The nominal annual interest rate
c) The effective annual interest rate

You have $10,000dollars and want to invest them in the best possible option.
• Bank A offers to pay 4.1% compounded quarterly
• Bank B offers to pay 4% interest, compounded monthly
• Bank C offers to pay 4.1% compounded semesterly
Additionally, petrol/ transport costs to deposit and to collect the money are:
• Bank A is online (assume free)
• Bank B is $15 per trip
• Bank C $12 per trip.
If you are planning to leave the money in the bank for three years, what option is the best ?

• Land cost 1 million paid at the beginning of a project,
• Design and construction for total of 3 million paid in an increasing gradient yearly payment of $300,000 = starting in zero ($0) in year one until it reaches the total value.
• Operation starts once the design and construction phase is paid in total : then, operation and maintenance costs start being $900,000 = per year
• With operation , revenues come with a value of $1,000,000 = per year
• After operation starts, every 3 years , special maintenance is required at a cost of $180,000 =
• The plant is expected to operate for at least 21 years i.e. since it starts operations
• The salvage value of the plant has been estimated at $800,000, 000
Using these facts, prepare a cash flow diagram

University of TN has a tuition price elasticity of 0.85. Harvard has a tuition price elasticity of 3.1. Both Universities want to increase tuition revenues. Which University should raise its tuition price and which University should lower its tuition price, and why?

What are the likely cost implications for a business which expands rapidly? Discuss in 120–150 words