Answer:
The total economic cost is $40,500 per year
Explanation:
The total economic cost per year is equal to the sum of:
* The opportunity cost relating to sacrificing the current work Greg is working on which is equal to his yearly salary of : $40,00.
* The opportunity cost relating to sacrificing the interest income earned on $10,000 saving, which he is now used for purchasing equipment, which is calculated as: 10,000 * current rate of savings = 10,000* 5% = $500 ( total cost of equipment is not included because e could sell the equipment for what he paid later on).
=> So, total economic cost per year is $40,000 + $500 = $40,500.
You expect to find and increase knowledge of what really fits for you to do for the rest of your career life.
Answer:
False
Explanation:
The contract is not voidable at Leslie's option but rather at the supplier's option. This is because Leslie has agreed to the buy the shoes, irrespective of the price.
Should Leslie want a price stated in the contract, the case has to be taken to court and the judge will have a price stated that suits both parties.
Cheers
$50,000 is the principal amount.
When you initially apply for a house loan, you borrow a certain amount of money, which is known as the principle. Simply deduct your down payment from the final selling price of your house to determine your mortgage principal.
The formula for calculating the Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.
I = $ 500
RT= .12 X 30/360
So,
P = I/RT
P= 500/0.01
P= $50,000
Holly loaned funds at 12 or 30 days and earned $500 in interest. The principal amount on this loan is $50,000
To learn more about the Principal amount
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