Answer:
$2,000
Explanation:
Calculation to determine the consumer surplus
Consumer surplus=$30,000-$28,000
Consumer surplus=$2,000
Therefore consumer surplus is $2,000
1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.
2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.
3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.
Answer:
100,000
Explanation:
Given that
Approximately frauds = $10 million
Profit margin = 10%
And the sale value of the product per unit = $1,000
So by considering the above information, the additional units is
= Approximately frauds × Profit margin
= $10 million × 10%
= 100,000
So by multiplying the approximate frauds with the profit margin we can get the additional units
Answer: Depreciation expense for 2021 = $825
Depreciation expense for 2022 =$3, 300
Explanation:
Using Straight line depreciation
We have that our Annual depreciation= Purchase price - salvage value / useful life.
$22,500 - $2,700 / 6
=19,800/6
$3, 300
Depreciation expense for 2021 ( from October to December )
$3,300 x 3/ 12= $9,900/12
=$825
Depreciation expense for 2022 ( From January to December)
Annual Depreciation = $3,300
Answer:
$7,875
Explanation:
Total car sales in January: $112,500
Commission at the rate of 7%,
Salary for January is :
7 percent of $112,500
=7/100 x $112,500
=0.07 x $112,500
=$7,875
