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Iteru [2.4K]
3 years ago
10

Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to

contribute to his annual college expenses?
Business
2 answers:
lozanna [386]3 years ago
7 0
$12,425 you just need to subtract how much he gets in grants from how much he owes 
My name is Ann [436]3 years ago
6 0

Answer

Richard need to contribute to his annual college expenses is  $ 12425 .

Explanation:

As given

Richard’s annual college expenses are expected to total $17,745.

He will receive $5,320 in grants.

Thus

Richard contribute to annual college expenses = Annual college expenses - Grant amount .

Putting values in the above

Richard contribute to annual college expenses = 17745 - 5320

                                                                               = $ 12425

Therefore Richard need to contribute to his annual college expenses is  $ 12425 .

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Answer:

scarcity, tradeoffs, efficiency, and opportunity costs.

7 0
2 years ago
Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product
AysviL [449]

Answer:

a) Financial advantage   <u> $2,208 </u>

b) The company should accept the special order, as it will increase its profit by $2,208

Explanation:

<em>The relevant costs for decision to accept the special order are  </em>

<em>I Incremental Revenue from the special order  </em>

<em>2. incremental variable cost </em>

<em>3. The cost of the special tool</em>

Unit variable cost = 143 + 90 + 8 + 7 = $240

<em>Note that that the increase in material cost of $8 and the variable manufacturing overhead of $7 are relevant to the special order decision. Hence they are added.</em>

<em>And the balance of manufacturing overhead would be incurred either way. Therefore , they are not relevant for the decision</em>

                                                                                                       $

Sales revenue from special order

(22× $361.00)                                                                               7942

Variable cost of special order

(22× $240 )                                                                                    (5280 )

Cost of special tool                                                                      <u> (454)</u>

Financial advantage                                                                    <u> 2,208 </u>

The company should accept the special order, as it will increase its profit by $2,208

3 0
2 years ago
You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump
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Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
8 0
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You are considering buying one of two types of health insurance, both with the same premium. You guess that in the next year the
dybincka [34]

Answer and Explanation:

The computation is shown below:

a. The expected value of payout arise from emergency is

= 0.01 × $67,500

= $675

b. The expected value of payout arise from capped coverage insuance is

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8 0
2 years ago
Tore Company's records reveal the following information regarding its inventory. Beginning inventory was $100,000 at cost and 16
vodka [1.7K]

Answer:

$150,000

Explanation:

Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,

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Net purchases = $500,000 in retail +$10,000 Markups

Cost of goods sold = $500,000

So, End Inventory = 160,000+500,000+10,000-500,000

End Inventory = $150,000

4 0
2 years ago
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