mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM1,000,and pay for transport RM 1,000.The MBA study programme will extend over 15 months.Mr.Rahim is working now with a salary of RM2,500 per month.Being a full time student,he will have to forego the income from his present job for the period of study. work out: (a) financial cost (b) Economic cost of doing MBA.
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Question 5
mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM1,000,and pay for transport RM 1,000.The MBA study programme will extend over 15 months.Mr.Rahim is working now with a salary of RM2,500 per month.Being a full time student,he will have to forego the income from his present job for the period of study.
work out:
(a) financial cost
(b) Economic cost of doing MBA.
Step by step
Solved in 3 steps
- Mr. Rahim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 25,000 as tuition fee, buy books for RM 1,000, and pay for transport RM 1,000. The MBA study programme will extend over 15 months. Mr. Rahim is working now with a salary of RM 2,500 per month. Being a full time student, he will have to forego the income from his present job for the period of study. Work out: (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs)Mr. Karim is planning to pursue MBA studies. Initial inquiry shows that he will have topay RM 24,000 as a tuition fee, buy books for RM 1,000, and pay for transport RM 1,000.The MBA study program will extend over 18 months. Mr. Karim is working now with asalary of RM 3,000 per month. Being a full-time student, he will have to forego the incomefrom his present job for the period of study.QUESTION 1 Mr.Rahim is planning to pursue MBA studies.initial inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM 1,000,and pay for transport RM 1,000. The MBA study programme will extend over 15 months. MR.Rahim is working now with a salary of RM 2,500 per month.Being a full time student ,he will have to forego the income from his present job for the period of study. work out:(a) Financial cost,and (b) the Economic cost of doing MBA(Hint: Identify implicit costs and explicit costs)
- Mr. Karim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 24,000 as tuition fee, buy books for RM 1,000, and pay for transport RM 1,000. The MBA study programme will extend over 18 months. Mr Karim is working now with a salary of RM 3,000 per month. Being a full time student, he will have to forego the income from his present job for the period of study. Work out: (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs) (500-600 words)Suppose that Anna's college education would cost around $500,000 when they enter college in 15 years. At present, She have $100,000 to invest.What annual interest must she earn on her investment to cover the costAssume Medet decided to buy a car. His friend Aidar has lent him $10,000 USD. Medet and Aidar agree that Aidar should earn a real return of $5 percent per year. Enter your responses rounded to two decimal places. (a). The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be $111 in one year and $128 in two years. What nominal rate of interest should Aidar charge Medet? The nominal rate of interest charged should be % in year 1. The nominal rate of interest charged should be % in year 2. (b). Suppose Aidar and Medet are unsure about what the CPI will be in one year. How should Aidar and Medet's annual repayments ensure that he gets an annual $5 percent rate of return? Aidar should charge Medet % more than the inflation rate.
- Terminal Activity PROBLEM SET Study and solve the given problems below. Show your complete solutions and label your answer. Write your ANSWER on your sheet. 1. Pamela makes a monthly salary of 27,900 pesos. She also receives an additional 9.5% commission rate bonus for any sales beyond 55,000 pesos. If Pamela sold 81,500 worth of merchandise this month, what is her total gross salary? 2. John is a realtor agent. He receives 5% commission when he sells a condo unit. How much commission will he receive for selling a condo unit that cost 3,500,000 pesos? 3. Randy was paid a commission of 8.5% on his total sales. If his sales were P13,000, P15,000, P25,000, P30,000, and 33, 000 pesos consecutively, find his gross earnings.A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $3,000. Each year after that, you will receive a payment on the anniversary of the last payment that is 4% larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 15% per year. a. What is today's value of the bequest? b. What is the value of the bequest immediately after the first payment is made? ARCKICHI a. What is today's value of the bequest? Today's value of the bequest is $(Round to the nearest dollar. b. What is the value of the bequest immediately after the first payment is made? The value of the bequest immediately after the first payment is made is $ (Round to the nearest dollar.)Brian lives in San Diego and runs a business that sells guitars. In an average year, he receives $733,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $433,000; he also pays wages and utility bills totaling $257,000. He ovwns his showroom; if he chooses to rent it out, he vill receive $13,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Brian does not operate this guitar business, he can vork as a paralegal, receive an annual salary of $23,000 vith no additional monetary costs, and rent out his showroom at the $13,000 per year rate. No other costs are incurred in running this guitar business. Identify each of Brian's costs in the following table as either an implicit cost or an explicit cost of selling guitars. Implicit Cost Explicit Cost The vholesale cost for the guitars that Brian pays the manufacturer The salary Brian could earn if he worked as a paralegal The vages and utility…
- Draw the cash flow diagram with your solution.In a certain department store, the monthly salary of a saleslady is partly constant and partly varies with her sales for the month. When the value of her sales for the month is P10,000, her salary for the month is P900. When her salary for the month goes up to P12,000, her monthly salary becomes P1,000. What must be the value of her sales for the month so that her salary for the month will be P2,000?Suppose that you earn $320 in year 1 and will ean $720 in year 2. If you borrow money against your future income you will have and additional $576 to spend in year 1, and if you lend all of your current income you will have and additional $400 to spend in year 2. In both years you consume only food which costs $1 per kilogram in each year. What is the interest rate that you borrow and lend at? R= Let your MRS for food in year 1 with food in year 2 be given by the formula where F is the amount of food consumed this year and F is the amount of food consumed next year. Calculate your consumption bundle: F = F = Suppose the interest rate at which you can borrow and lend changes to 20%. Calculate your new consumption bundle: F = F2 = Which interest rate is preferred? The initial interest rate found in part 1 O The new interest rate, 20%30. A man secured a ₱ 7,280 loan at 5 % interest rate. Find the annual amortization to extinguish it in 2 years. Show solution