Answer:
economic loss of $20,000 per year
Explanation:
The account teller earned an accounting profit = $40,000 per year, but actually has an economic loss.
economic profit / loss = accounting profit - opportunity costs
Opportunity costs are the costs or benefits lost from choosing one activity or investment over another alternative.
The teller's opportunity costs = $50,000 salary + ($100,000 x 10%) savings account = $60,000
economic profit/loss = $40,000 - $60,000 = -$20,000
Answer:
Collection from Customers =$487,000
Explanation:
Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance
=97000+$519,000-$65,000
=$487,000
Answer:
introduction
Explanation:
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Answer:
$7,900
Explanation:
Computation for the total budgeted general and administrative expenses budget per month.
Monthly projected general and administrative expenses :
Arministrative salaries $4,100
Other cash administrative expenses $1,500
Depreciation expense on the administrative Equipment $2,300
Total budgeted general and administrative expenses budget per month $7,900
($4,100+$1,500+$2,300)
Therefore the total budgeted general and administrative expenses budget per month will be $7,900
