Answer:
The carpenter earned an extra $100.
Explanation:
Since this problem deals with a one-year loan with an yearly interest rate, it can be treated as a simple interest problem. For simple interests, the final value (Vf) can be found by multiplying the initial value (Vi) by one plus the interest rate (i) as shown below:
To find how much extra money the carpenter made in the first year, one should subtract the final value of loan from the $2,000 dollars down payment plus the extra $400 he collected for the year
.
Therefore, the carpenter earned an extra $100.
Answer:
$ 3100 loss amount is not covered by insurance.
Explanation:
Amount not covered under insurance = Amount lost - Maximum Insurance Amount
- For Jewellery : Jewellery lost - maximum jewellery amount cover = 3800 - 1000 = 2800
- For Silverware : Silverware lost - maximum silverware amount cover = 2800 - 2500 = 300
So, Total Amount loss not covered = Loss at jewellery + loss at silverware
= 2800 + 300 = $3100
Answer:
Cost of Goods sold for Planner:
= Goods sold * Cost to produce
= 10,000 * 82
= $820,000
Cost of Goods sold for Schedule:
= Goods sold * Cost of acquisition
= 7,000 * 94
= $658,000
Answer:
See below
Explanation:
Given the above information, the capitalised cost of the land is computed as seen below;
