Answer: d. a two year opportunity cost of $40,000 after leaving her teaching position.
Explanation:
The opportunity cost of a decision refers to the returns from the next best alternative to that decision that you would miss out on for taking the decision you took.
The next best alternative here is to teach in a school for $44,000 a year. She is giving this up for 2 years so she is giving up pay of $88,000.
However, she will be making $24,000 a year from the dance company so her net opportunity cost is:
= Amount from high schools in 2 years - Amount from dance company in 2 years
= 88,000 - (24,000 + 24,000)
= $40,000
<u>Solution and Explanation:</u>
Age of the Amount Estimated Estimated
Receivables Uncollectibles Uncollectible Amounts
1-30 days old $12,000 3% $360
31-90 days old $5,000 15% $750
more than 90
days old $3,000 30% $900
Estimated year end Balances for Uncollectible Amounts $2,010
Bad Debt Expense for the year : Estimated Uncollectible Amount - Existing Credit Balance in the Allowance Account
Bad Debt Expense : $2,010 minus $800 = 1210
If the existing balance is Debit Balance of $600.
Bad Debt Expense : $2,010 plus 600 = $2,610.
Answer:
c.free equipment and training.
Explanation:
A franchise is when a company gives another party the right to use its name and brand to do business. The franchisor provides loscence that covers it's procedures, know how, intellectual property, brand, business model, and rights to sell its products.
The franchisor provides expertise which includes site recommendations, name recognition, accounting and management support. To ensure uniformity of brand it also gives building specifications and designs.
Three payments are made by the franchisee to the franchisor:
- Payment for trademark
- Reimbursement for training and advisory services performed
- An agreed part of sales made
Zero tolerance law is for those who operates a motor vehicle with blood alcohol concentration and also under the age 21.
under this zero tolerance laws, you can be punished as harshly for causing the collision as you can be for driving under the influence. In this law the blood alcohol concentration applies is 0.02% or more but not more than 0.07%.
in New York state, it became effective in November 1996.<span />