Answer:
$66,000
$304,000
Explanation:
The computation is shown below:
Total implicit cost is
= Job left cost + forgone the return on investment
= $60,000 + $100,000 × 6%
= $60,000 + $6,000
= $66,000
And, the total cost is
= explicit cost + implicit cost
= $50,000 + $180,000 + $8,000 + $66,000
= $304,000
We simply applied the above formulas so that the correct values could come
This example best illustrates the impact of top-down processing which is defined as pattern recognition advancement through the use of contextual information.
Top-down processing entails the brain's sending down stored information to the sensory system as it receives information from the stimulus, allowing a plausible hypothesis to be formed without analyzing every feature of the stimulus. Thus, top-down processing involves combining contextual information from things we already know or have experienced with our senses to perceive new information.
Top-down processing is beneficial because it simplifies how we comprehend our sensory perceptions. Our surroundings are hectic, and we are constantly perceiving multiple things. Top-down processing allows us to shorten the cognitive path that connects our perceptions to their meaning.
Learn more top-down processing here:
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Answer:
Explanation:
. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.
It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements
Answer:
Mrs. Blackwell and Mr. Choi arrived into a contract concerning the compensation for the effort done by Mr. Choi to Mrs. Blackwell. The contract was employed by each gatherings and that acmes the thought for the guarantees created by Mrs. Blackwell.
-
If Mr. Choi has some responsibility for the expenditures then he ought to have evaded language the agreement or the contract
- Although, language the procedure he has acknowledged the potential or the circumstances stated within the agreement
- The probable in convalescent the exposed compensation would be fully trusted upon the Mrs. Blackwell, since they're already concerned within the contract
Therefore, by seeing the conditions it is terminated that Mr. Choi might not have acknowledged any get pleasure from the assertion.
Answer:
Contingent gains will not be reported on the financial statements of year 4.
Explanation:
As the Calim amount will benefit the Smith Co. so it is classified as the gain. In year 4 there is a probability of estimated gain in the range of $75,000 to $150,000. This is an contingent gain which is not realized until the end to year 4. As $100,00 is received in year 5, so it will not be reported in the financial statement of year 4. The contingent gain are not reported on the financial statements. The Revenues / Gains are reported when they are realized and Expenses / losses are reported when they are expected to incurr.
