Answer:
=$11,439.96(Approx)
Explanation:
Consider the following calculations
Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
200,000=Annuity[1-(1.0391)^-30]/0.0391
200,000=Annuity*17.48257135
Annuity=200,000/17.48257135
=$11,439.96(Approx)
Answer:
Net operating income= 15,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>
Sales= 500*100= 50,000
COGS= (10 + 25 + 15)*500 + 10,000= (35,000)
Gross profit= 25,000
Total selling and administrative costs= (5*500) + 7,500= (10,000)
Net operating income= 15,000
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Answer:
The answer is: $22
Explanation:
In order to calculate the cost of skipping practice, we have to calculate the total sum of the deficit incurred within the period, and this includes the money that would have been earned during that hour of practice if it had been attended (opportunity cost of time), and the admission fee into the carnival. This calculation is shown below:
Opportunity cost of time = $13
cost of admission into carnival = $9
Total cost of skipping practice = opportunity cost of time + cost of admission into carnival
= 13 + 9 = $22
