Answer:
See the attached picture for detailed answer.
Explanation:
See the attached picture for explanation.
$5,040 since Irene earned nearly earned about $4,800 less than what she would be making if she did not make her early withdrawal.
Fred will either have to pay more than he proposed or Barney would be able to open his business in the same city
Answer:
$13,200 per year
Explanation:
Amount incurred to improve the office space = $
Improvement expected to yield benefit = 10 years
Remaining life on it's lease = 8 years
Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.
Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;
= Amount incurred to improve the office space ÷ remaining life on its lease
= $105,600 ÷ 8
= $13,200 per year
The correct answer is: business cycle
