Answer:
Spending variance $100 unfavorable
Explanation:
The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity
$
Standard cost allowed for the actual activity
=7,850 + (402×203) + (952×112)= 196,080
Actual cost <u>196,180</u>
Spending variance <u> 100</u> unfavorable
Answer:
Seojun's Adjusted Gross income is $140,000.
Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.
Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.
Answer:
Explanation:
The equation to calculate the <em>monthly payment</em> for fixed-rate loans is:
![Monthly\text{ }payment=Loan\times \bigg[\dfrac{r(1+r)^t}{(1+r)^t-1}\bigg]](https://tex.z-dn.net/?f=Monthly%5Ctext%7B%20%7Dpayment%3DLoan%5Ctimes%20%5Cbigg%5B%5Cdfrac%7Br%281%2Br%29%5Et%7D%7B%281%2Br%29%5Et-1%7D%5Cbigg%5D)
Where:
- Loan = $8500 - $300 = 8,200
- r is the monthly interest = 5.75% / 12 = 0.0575/12 ≈ 0.00479
- t is the number of moths = 36
Substituting:
![Monthly\text{ }payment=\$8,200\times \bigg[\dfrac{(0.0575/12)(1+(0.0575/12))^{36}}{(1+(0.0575/12))^{36}-1}\bigg]=\$ 248.53](https://tex.z-dn.net/?f=Monthly%5Ctext%7B%20%7Dpayment%3D%5C%248%2C200%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%280.0575%2F12%29%281%2B%280.0575%2F12%29%29%5E%7B36%7D%7D%7B%281%2B%280.0575%2F12%29%29%5E%7B36%7D-1%7D%5Cbigg%5D%3D%5C%24%20248.53)
Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.
In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.
Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.
Hence, both public and private goods have their own importance in the economy.
To learn more about public and private goods here:
brainly.com/question/15176802
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