One year
7000×1.03^1 = $7210.00
two year
7000×1.03^2 = $7426.30
Answer:
The option d is correct.
Explanation:
The high low method shows the difference between the high and low cost of a particular thing. In the given question, the high cost is $3,600 and the low cost is $2,700 whereas the high machine hour is 18000 and low machine hour is 10,000.
Now, the formula for high low method is calculated. It is shown below:
High low method = (High cost - Low cost) ÷ (High machine hours - Low machine hours)
= ($3,600 - $2,700) ÷ (18000 - 10,000)
= 900 ÷ 8000
= 0.11
Thus, the option d is correct.
True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.
I would say that GSI would be liable for the cost of the new sewage and water disposal system since they incorrectly reported it as in good working order or at least they should be liable for the leach field, the distribution box and the cost of making the tank watertight.
