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aleksley [76]
1 year ago
14

Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board,

and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Frank’s cost of going to college is
Business
1 answer:
slavikrds [6]1 year ago
5 0

Consider Frank’s decision to go to college. Frank’s cost of going to college is $42,600.

What is the cost?

The term cost refers to the actual money are spend on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are add to identify the cost.

Frank was spend on money to $21,000 on tuition, $11,000 on room and board,  $1,800 on books, 8800 to add the cost. The calculation was ($21,000 + $11,000 + $1,800 +  $8800 ($16,000—$7,200) = 42,600. Frank’s cost of going to college is $42,600.

As a result, Frank’s cost of going to college is $42,600.

Learn more about on cost, here:

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Total Assets = Total Liabilities and Stockholder's Equity = $20,200

Explanation:

An unclassified balance sheet is a type of balance sheet that does not present assets and liabilities under different categories. It only presents all assets in order of liquidity and liabilities in order of the shortness of their terms.

This can be prepared for this question as follows:

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Unclassifed Balance Sheet

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<u>Particulars                                                       Amount ($)         </u>

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Equipment                                                         19,700

Accumulated Dep. - Equipment                     <u>  (2,000)  </u>

Total Assets                                                     <u>  20,200  </u>

Accounts Payable                                                 900

Interest Payable                                                    550

Notes Payable                                                    3,400

Common Stock                                                 10,650

Retained Earnings, Dec. 31, 2018                  <u>   4,700  </u>

Total Liabilities and Stockholder's Equity   <u>  20,200 </u>

Since Total Assets and Total Liabilities and Stockholder's Equity as it is normally required, that indicates that the unclasified balance sheet has been prepared accurately.

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