Available Options:
He could try to save more money.
He could get a student loan for the extra amount he
needs.
TO He could apply for a scholarship
He could ask his friends to loan him money.
He could ask his family to contribute.
Answer:
All of the above
Explanation:
The best option is to be self reliant which means that Justin must apply for scholarships, save money now and during the program execution and if still there are any expenses due then he can ask his family to contribute to meet his exense and still if there are unpaid expenses then he can borrow from his friends if he thinks that he can repay the loan to his friends in the mutually agreed time. If Justin can not pay its amount borrowed then he must consider long term loan option to fund his studies.
The order of finance is given as under:
- Save Money
- Scholarship
- Ask his Family
- Loan from Friend
- Long term Loan
The implicit interest based on the information given is $165.
<h3>How to calculate the interest?</h3>
It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
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The statement “Expenses, such as depreciation on buildings
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is a fixed cost since throughout its useful life as an asset, it reoccurs in
the same amount per period, and thus, depreciation cannot be considered a
variable cost. Nevertheless, as with all things, there is an exception. The
depreciation will be sustained in a pattern that is more consistent with a
variable expense, only if a business recruits a usage-based depreciation methodology.
To add, the corporate expense that alters with the company’s
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If the government and central bank don’t follow the economic policy, it could result in an economic depression
