Answer:
Has an opportunity cost
- Having a "lazy afternoon" VS Working an 8 hour shift VS
- Cooking dinner VS Eating out
- Reading you favorite book VS Catching up with an old friend
Explanation:
Opportunity costs refer to the extra costs or benefits lost associated with choosing one activity or investment over another alternative. In other words, every activity that you carry out includes the opportunity cost of not doing something else. No matter what we do, we could be doing something else.
Answer:
Using LIFO:
TOTAL Sales : $19,875,500
COGS = $11,021,250
GROSS PROFIT = $8,853,750
Explanation:
KINDLY CHECK ATTACHED PICTURE
Answer:
$1,035,459.51
Explanation:
First we must determine the issuing value:
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $1,060,000
using an excel spreadsheet to calculate the bond's price with a discount value of 5%:
the bonds were sold at $1,043,294.77
the effective interest expense = bond's price x market interest = $1,043,294.77 x 5% = $52,164.74
bond's value = bond's price - (coupon payment - effective interest) = $1,043,294.77 - ($60,000 - $52,164.74) = $1,035,459.51
Answer:
$230,899
Explanation:
Calculation for what the equivalent present cost is for the first 5 years
Present cost of the repair work = 68,000 * (P/A, 6%,5) - 7,000 * (P/G, 6%,5)
Present cost of the repair work= 68,000 * 4.212364 - 7,000 * 7.934549
Present cost of the repair work= $230,898.90 Approximately $230,899
Therefore the Present cost of the repair work will be $230,899