Answer:
$30,000
Explanation:
Opportunity costs refers to the incomes or benefits a person, business or investor loses or forgone when one alternative is chosen over another.
Since Kelvin will lose earnings of $30,000 a year from a full-time job if Kevin decides to attend college, this $30,000 a year is therefore the opportunity cost.
The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.
In order to find Cash coverage ratio, Earnings before Interest and Tax will be required to be found. Thus We shall calculate Income Before tax First. The below logic needs to be Understood:
If Income before tax is 100, Income after tax will be 100-21=79, Thus if Net Income is 79, Earnings before tax will be calculated as below:
Earnings before tax=16802*
Earnings before tax=$21268
EBIT= Earnings Before Tax+Interest Expense
EBIT=21268+3706
EBIT=$24974
Cash Coverage Ratio=
Cash Coverage Ratio=
Cash Coverage Ratio=7.95
Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
<h3>What is a contract?</h3>
It should be noted that a contract simply means an agreement between private parties that's enforceable by law.
In this case, Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
The features of a contract that should be taken into consideration include acceptance and internation to create legal relations.
The supervisor would not likely succeed should he proceed with legal action.
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Answer:
Net Income for the year = $90000
Explanation:
The net income is the function of Revenues less expenses.
The revenue for the year is provided in the question and it amounts to $140000. Similarly the figure for this period's expenses is also available as $50000.
The net income for the year is,
Net Income = Revenue - expenses
Net Income = 140000 - 50000 = $90000
