Answer:
$4500
Explanation:
We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.
Opportunity cost = $20/hour x 200 Additional hours
Opportunity cost = $4000
Total change in benefit = Annual salary - Opportunity cost
Total change in benefit = $8500 - $4000
Total change in benefit = $4500
<h2>A business action that has been widely adopted within an industry or occupation is known as
Standard Business practice</h2>
Explanation:
Standard business practice tells you how to operate and manage your business.
The operation includes:
Goals, objectives: Mentioning about the goal and objective of the organization and creating process to achieve those.
Sales: Sales are the most important aspect which brings revenue to any kind of industry starting from education industry to MNC industry. Sales can bring business and one of the crucial department for success of the organization.
Back office work: Which needs to work at the background to monitor, to track, develop the operations or process
Answer:
a. FV = $1,000,000
rate = 9.7%
n = 40 periods
FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231
annual savings = $1,000,000 / 407.9960231 = $2,451.00
b. FV = $1,000,000
rate = 9.7%
n = 30 periods
FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295
annual savings = $1,000,000 / 155.4306295 = $6,433.74
FV = $1,000,000
rate = 9.7%
n = 20 periods
FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429
annual savings = $1,000,000 / 55.35978429 = $18,063.65
Answer:
Gain:
= Market value of assets received - (Book value of assets disposed off cost - accumulated depreciation)
= $13,000 - ($18,000 - $8,000)
= $13,000 - $10,000
= $3,000
Therefore, the journal entry is as follows:
Cash A/c Dr. $13000
Accumulated depreciation A/c Dr. $8,000
To equipment $18000
To gain on sales $3000.
(To record the sale of the equipment)
Initiating, Planning, Executing, Monitoring and Controlling, and Closing are the five groups of the project management process.<span>
Activities performed that relate to each knowledge area are part of the planning group from the project management process. </span><span> Planning involves calculating the budget and schedule for the project, and determines what resources are needed.</span>