Answer:
The chosen option (considering enrollment costs and opportunity cost) is:
b) College course.
Explanation:
a) Data and Calculations:
Costs/Benefits
College Course Community Course
Cost $2,600 $1,390
Opportunity costs -2,080 2,080
Net costs $520 $3,470
Distance to course 0.40 miles 16 miles
(walking distance) (driving distance)
Timing of course Weekday Weekend
Number of meetings 16 8
b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost. With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred. These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.
Answer:
<u>$54,000</u>
Explanation:
First, we add the ratios together to determine the total parts:
3+2= 5
Next, we divide the cash balance of $90,000 by the total parts:
$90,000/5 = $18,000
To find the amount of cash distributed to Adriana we multiply by her ratio:
5*18,000 = $54,000.
Non-profit organizations. (They don’t make money)
Hope I helped!
Answer:
Correct pretax income is $ 88,450
Explanation:
The correct depreciation=cost-salvage value/useful life
cost is $52,400
salvage value is $0
useful life is 8 years
annual depreciation charge=($52,400-$0)/8=$6,550
The annual depreciation ought to have been charged in income statement not the original cost of asset acquired.
The correction would to add the cost of the asset to the pretax income and then deduct the correct depreciation charge as below:
Pretax income $42,600
cost of asset $52,400
depreciation ($6,550)
correct pretax income $ 88,450