Answer:
$800
Explanation:
Calculation for how much would she need to charge per month for tuition in order to break even
Using this formula
Amount to charge to break even=[(Monthly Fixed Costs+Salary and Benefits Costs+Estimated Food Costs)÷Number of Children Served]
Let plug in the formula
Amount to charge to break even=[($4,000+$7,000+$1,000)÷15]
Amount to charge to break even=$12,000/15
Amount to charge to break even=$800 per month
Therefore the amount she would need to charge per month for tuition in order to break even will be $800
Answer:
b. discounting
Explanation:
Your sister has just been told that she will be given a $1,000 bonus next year. She is very eager to know its present value. So, she applies the <u>discounting</u><u> </u>process to estimate the present value of her gift.
Discounting: It is a mechanism used for determine the present value of money, which is going to be paid in future. As debtor use this mechanism to delay payment of creditor for a certain period of time in exchange of some fees or charge to be paid. As time value of money change and it does not remain same.
There are mainly three type of discounting:
- Trade discount
- Quantity discount.
- Cash discount.
Hence in the given case, she applies the discounting process to estimate present value of her gift.
Answer:
Following are the responses to the given points:
Explanation:
For point a:
Criteria I
Date: 1-1.2020 Debt Investments
cash
For point b:
Criteria II
Date: 31.12.2020 Interest Account receivable to pay
Debt Investments
rate of Revenue
31.12-2020 Fair Value Adjustment
Gain or loss - equity unrealized holding
for point c:
Criteria III
31.12-2021 Interest Account receivable to pay
Debt Investments
rate of Revenue
31.12-2021 Gain or loss - equity unrealized holding
Fair Value Adjustment
Please find the attached table.
Since their is no choices he shouldn’t never touch the money and keep adding cash it increase it over time.
Psychology is the study of behavior and the minds functions.