Part 1: Which plan is a better choice for Lacy and explain why? (hint: it will depend on how many times she plans to exercise/month! Part 2: Choose 2 students post and indicate if you think Lacy is getting good advice and why.
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- Samantha and Rashida are planning a trip to Padre Island, Texas, during spring break. Mem-bers of the varsity volleyball team, they are looking forward to four days of beach volleyball and parasailing. They will drive Samantha’s car and estimate that they will pay the followingcosts during the trip: Motel (4 nights at $145) $580Food (each) 150Gas in total 120Parasailing and equipment rental (each) 125 They have reservations at the SeaScape Motel, which charges $120 per night for a single, $145per night for a double, and an additional $15 per night if a rollaway bed is added to a doubleroom.Samantha’s little sister, Kallie, wants to go along. She isn’t into sports but thinks that fourdays of partying and relaxing on the beach would be a great way to unwind from the rigors ofschool. She figures that she could ride with Samantha and Rashida and share their room.Required:1. Using incremental costs only, what would it cost Kallie to accompany Samantha andRashida?2. Using the…You have been offered two different jobs for the upcoming summer. Since both are full-time positions, you must choose to work only one of the jobs. The first job is in an office. The pay will be $320 per week. The office is located 20 miles from your home, so you estimate that you will spend $25 per week on gas. You will also have to pay $25 per week for parking. Because you are required to dress professionally, you will need to purchase some new clothes. You estimate that you will spend $350 on new clothes for this job during the summer. The second job is at an amusement park. The pay will be $220 per week. The amusement park is also 20 miles from your home, but you can carpool with a friend. Your share of the gas will be $12.50 per week. There is no charge for parking. The amusement park will furnish you with a uniform, so you won't need to buy any special clothes. Assuming that your summer break will allow you to work 12 weeks, which job will provide you with more money? Please…Elisha is starting a tuxedo rental business and plans to charge $80 for the first day plus an extra $30 for each day beyond the first day. Create an equation for the income Elisha will receive where I stands for total income and D is the amount of extra days. How much income would Elisa get if a tuxedo is rented for two extra days? How much income would Elisha get if a tuxedo is rented for four days? How many extra days would the tuxedo be rented for if Elisha got an income of $290 from a single rental?
- Camila Torres wants to buy a new high-end audio system for her car. The system is being sold by two dealers in town, both of whom sell the equipment for the same price of $2,000. Camila can buy the equipment from Dealer A, with no money down, by making payments of $173.98 a month for 12 months; she can buy the same equipment from Dealer B by making 36 monthly payments of $66.43 (again, with no money down). Camila is considering purchasing the system from Dealer B because of the lower payment. Find the APR for Dealer A. Round the answer to 2 decimal places. % Find the APR for Dealer B. Round the answer to 2 decimal places. % What do you recommend?Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to $200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card. Required 1. Comment on the ethics exhibited by Amy and possible consequences of her actions. 2. How does the merchandising company account for the suits that Amy returns?Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to $200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card. 1. Comment on the ethics exhibited by Amy and the possible consequences of her actions. 2. How does the merchandising company account for the suits that Amy returns?
- Georgie provides a service where she teaches yoga to people through Zoom. She works from a small rented studio, for which she pays £200 per month. She also pays a further £50 per month to advertise on a health and fitness website. She has no other costs to pay. Georgie charges £30 per hour for lessons and teaches for 60 hours each month. Calculate Georgie’s monthly fixed cost Calculate Georgie’s monthly revenue Calculate Georgie’s monthly profit State and explain one way in which Georgie might be able to increase her monthly profit State and explain one potential problem or weakness with this methodMolly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its poolat noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Molly and Kathleenwould need it is $1,700. The pool would also charge Molly and Kathleen an admission, towel service, and life guarding fee of $7 per pupil, andMolly and Kathleen estimate an additional $5 cost per student to hire several assistants. Molly and Kathleen plan to charge $75 per student for the10-week swimming class. Molly and Kathleen estimate that they might not be able to enroll more than 60 pupils. If they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of $5,000?Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its poolat noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Molly and Kathleenwould need it is $1,700. The pool would also charge Molly and Kathleen an admission, towel service, and life guarding fee of $7 per pupil, andMolly and Kathleen estimate an additional $5 cost per student to hire several assistants. Molly and Kathleen plan to charge $75 per student for the10-week swimming class. If Molly and Kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?
- Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its poolat noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Molly and Kathleenwould need it is $1,700. The pool would also charge Molly and Kathleen an admission, towel service, and life guarding fee of $7 per pupil, andMolly and Kathleen estimate an additional $5 cost per student to hire several assistants. Molly and Kathleen plan to charge $75 per student for the10-week swimming class. How many pupils do Molly and Kathleen need to enroll in their class to break even?Marvin Turner was discussing summer employment with Tina Song, president of Motown Construction Service:Tina: I’m glad you’re thinking about joining us for the summer. We certainly can use the help. Marvin: Sounds good. I enjoy outdoor work, and I could use the money to help with next year’s school expenses.Tina: I’ve got a plan that can help you out on that. As you know, I’ll pay you $14 per hour, but in addition, I’d like to pay you with cash. Since you’re only working for the summer, it really doesn’t make sense for me to go to the trouble of formally putting you on our payroll system. In fact, I do some jobs for my clients on a strictly cash basis, so it would be easy just to pay you that way.Marvin: Well, that’s a bit unusual, but I guess money is money.Tina: Yeah, not only that, it’s tax-free!Marvin: What do you mean?Tina: Didn’t you know? Any money that you receive in cash is not reported to the IRS on a W-2 form; therefore, the IRS doesn’t know about the income—hence, it’s the…Natasha is considering moving into a one-bedroom apartment in Winter Gardens. The apartment has a monthly rent of $1,750. Here are the fees that she has been quoted. How much is she expected to pay up front to rent this apartment? Application fee: 3% of 1 month's rent Credit application fee: $30 Security deposit: 1 month's rent Last month's rent Broker's fee: 9% of 1 year's rent
