Answer:
it will take around 15 weeks to for Reiko to make a profit
Explanation:
Given:
Amount spent to obtain merchandise = $5,200
Cost of general expenses = $550
Earnings from sales per week = $900
Now,
Let 'x' be the number of weeks taken to make profit
thus,
Total cost involved = $5,200 + ( $550 × x )
Total profit from sales = $900 × x
for making profit
$900 × x ≥ $5,200 + ( $550 × x )
or
350x ≥ 5,200
or
x ≥ 14.85 weeks
thus,
it will take around 15 weeks to for Reiko to make a profit
Answer:
Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.
Ridge’s recognized gain or (loss) is ($ 1,000).
Explanation:
The formula for calculating recognized Gain/[loss] is expressed below:
Recognized Gain/[loss] = Sales Price - Fair Market Value at the time of purchase from Brittany
Recognized Gain/[loss] = $ 34,000 - $ 35,000 = [$ 1,000]
Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).
<span>This is a negative externality. Since the cost of the traffic being in the community is not being borne by the theatre company itself, it is negative. The community as a whole is having to pay for the extra $5 in costs that will be accrued as a result of selling each ticket.</span>
The problem could be solved by using the future value (FV) formula: FV = PV × (1 + r)ⁿ, where;
PV = Present value
r = interest rate
n period
So, substituting the formula with the value:
FV = $38,600 × (1 + (.03÷52))⁵²
≈ $39,775.20
Note that the interest is divided by 52 since it has to be compounded weekly.
So, the weekly payment will amount to $764.91 ($39,775.20÷52).
