Answer:
With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c
Explanation:
According to the given data we have the following:
PV of lease=$750,578
Annual payment=$180,000
Rate of interesr=10%
The interest expense would be calculated as follows:
Interest expense = ( PV of lease - Annual payment ) * Rate of interest
Interest expense = ( $750,578 - $180,000 ) * 10%
Interest expense = $57,058
Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.
I think the correct answer from the choices listed above is option A. When you spend more than you make, you have a deficit. <span>In economics, a </span>deficit is<span> an excess of expenditures over revenue in a given time period. Hope this answers the question. Have a nice day.</span>
Answer:
Net loss of $24,600
Explanation:
Sales $773,900
Variable Expenses ($402,100)
Contribution Margin $371,800
Avoidable Expenses of B90D
Fixed Manufacturing Expenses $186,000
Fixed Selling and Admin Expenses %161,200
Total Avoidable expenses $347,200
If the product B90D is discontinued,the contribution margin of $371,800 will be lost by Wengel corporation and costs of $347,200 will be saved.
Therefore there will be net loss of $(371,800-347,200) $24,600 to the company if the product is discontinued.
Answer:
A busy small business owner is considering purchasing groceries through a premium home delivery service because of its convenience. The service provides the best groceries and costs significantly more than buying groceries in the store, but home delivery is an attractive feature. Examine the
opportunity costs and trade-offs of the small business owner choosing to buy groceries through this premium home delivery service. Compare your
findings with the opportunity costs and trade-offs if the small business owner were to choose buying groceries in the store instead.
Explanation:
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