Answer:
The opportunity cost of the event $21.
Explanation:
Opportunity cost is the loss of alternative when someone chooses an alternative.
Number of Hours = 3 hours
Earning per hour = $7
Total opportunity cost = $7 x 3
Total opportunity cost = $21
As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.
Chicken wing chicken wing hot dog and bologna
Answer:
ok and thanks for the points
thanks:)
Answer:
net income = $31,500
Explanation:
given data
collect tailoring fees = $43,300
paid expenses = $12,300
Depreciation expense= $2,500
Accounts receivable = $1,050
supplies increased = $4,300
liabilities increased = $2,350
to find out
accrual basis net income
solution
we get here net income by given expression that is
net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1
put here value
net income = $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500
net income = $31,500
Answer:
a) 175,437.77
b)
![\left[\begin{array}{ccccc}Year&Beg Principal&Interest&Installment&Ending\\1&175437.77&15789.4&-24500&166727.17\\2&166727.17&15005.45&-24500&157232.62\\3&157232.62&14150.94&-24500&146883.56\\4&146883.56&13219.52&-24500&135603.08\\5&135603.08&12204.28&-24500&123307.36\\6&123307.36&11097.66&-24500&109905.02\\7&109905.02&9891.45&-24500&95296.47\\8&95296.47&8576.68&-24500&79373.15\\9&79373.15&7143.58&-24500&62016.73\\10&62016.73&5581.51&-24500&43098.24\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7DYear%26Beg%20Principal%26Interest%26Installment%26Ending%5C%5C1%26175437.77%2615789.4%26-24500%26166727.17%5C%5C2%26166727.17%2615005.45%26-24500%26157232.62%5C%5C3%26157232.62%2614150.94%26-24500%26146883.56%5C%5C4%26146883.56%2613219.52%26-24500%26135603.08%5C%5C5%26135603.08%2612204.28%26-24500%26123307.36%5C%5C6%26123307.36%2611097.66%26-24500%26109905.02%5C%5C7%26109905.02%269891.45%26-24500%2695296.47%5C%5C8%2695296.47%268576.68%26-24500%2679373.15%5C%5C9%2679373.15%267143.58%26-24500%2662016.73%5C%5C10%2662016.73%265581.51%26-24500%2643098.24%5C%5C%5Cend%7Barray%7D%5Cright%5D)
![\left[\begin{array}{ccccc}11&43098.24&3878.84&-24500&22477.08\\12&22477.08&2022.94&-24500&0.02\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D11%2643098.24%263878.84%26-24500%2622477.08%5C%5C12%2622477.08%262022.94%26-24500%260.02%5C%5C%5Cend%7Barray%7D%5Cright%5D)
(I split into two arrays as I couldn't put the entire information into one)
c) because of the time value of money the principal generates interest over time making the installment pay up both concept principal and interest.
d) they decrease as the principal decreases over time as the lease payment exceeds the interest accrued over the year.
Explanation:
a) it will record at the present value of the lease payment annuity
C 24,500
time 12
rate 0.09
PV $175,437.7693
b)
we build the table starting withthe beginning lease value
calcualte the interest accrued over the year and subtract the lease payment
this makes a new balance of the loan principal which start the process again until it is fully paid.
