Answer:
48 MONTHS
PV = Down payment + $450(1 - (1 + r/m)-mn - 1)
r/m
PV = $5,000 + $450(1 - (<u>1 + 0.12/12</u>)-12x4 - 1)
0.12/12
PV = $5,000 + $450(1 -<u>(1 + 0.01)</u>-48 - 1)
0.01
PV = $5,000 + $450(37.9740)
PV = $5,000 + $17,088
PV = $22,088
60 MONTHS
PV = $5,000 + $450(1 - <u>(1 + 0.12/12)</u>-12x5 - 1)
0.12/12
PV = $5,000 + $450(1 -<u>(1 + 0.01)</u>-60 - 1)
0.01
PV = $5,000 + $450(44.9550)
PV = $5,000 + $20,230
PV = $22,230
Explanation:
In this case, we need to calculate the present value of the car which is a function of down payment plus the present value of the monthly payments at 12% discount rate.
The opportunity cost is the jacket; the benefit is that she has two shirts.
Opportunity cost is the cost of the alternative forgone in choosing the other alternative.
She chose to buy the shirts. In doing so, she gave up the chance of buying the jacket. Thus, the forgone alternative is the jacket. It is the cost of lost opportunity when she opted to buy the shirts at $25 each.
Answer:
True
Explanation:Job cost sheet - it is formed that consists of all details related to the job profile like material, overhead cost, etc.
It is considered an important part of the job which keeps an updated accounting record. it includes the manufacturing cost record and it used in the end process to compute and finalized the cost of product and service.
Answer:
D. Determinable fee estate
Explanation:
To begin, a determinable fee estate is structured such that it terminates upon the occasion of certain events, or completion of purpose, and will revert to the grantor without any entry or other provisions. This revert to the grantor is essential and thus come automatically, especially upon the creation of a determinable fee estate.
Given the scenario under study, a woman held a fee simple to a vacant lot adjacent to a business. Subsequently, she made the lot available to the business, and convey its ownership on same. The clause 'so long it is used for commercial purposes' further underscores that a determinable fee and/or future interest is expected to be earned on such.
This arrangement and especially looking at the completion of the gift, the business will thus own a Determinable fee estate.
Answer:
Economic order quantity (EOQ)= 249 pounds
Explanation:
<u>Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.</u>
Economic order quantity (EOQ)= √[(2*D*S)/H]
D= Demand in units
S= Order cost
H= Holding cost
D= 3,100
S= $100
H= $10
Economic order quantity (EOQ)= √[(2*3,100*100) / 10]
Economic order quantity (EOQ)= 249 pounds