<span>Board of Directors of Company. These board of directors have rights to discuss the advantages and disadvantages of acquiring new company.</span>
<span>Given,
Andrew's earning was $55,000 per year.
Fees(tuition and other related expense) for MBA school that Andrew joined $25,000 per year.
To find: total cost of the degree(explicit cost+opportunity cost)
Solution:
Explicit cost = fees for the course including all the expenses = $25,000 per year for 2 years = $25,000*2 = $50,000.
Opportunity cost = the loss of benefits from one alternative when other alternative is chosen. In this case, it is salary from the job which Andrew quits to join MBA school = $55,000 per year for 2 years = 55000*2 = $1,10,000.
So, total cost of the degree = $50,000 + $1,10,000 = $1,60,000
Answer: Option C $1,60,000</span>
Use the formula of the present value of an annuity ordinary.
The formula is
pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value 350
PMT monthly payment 30
R interest rate 0.18
K compounded monthly 12
N number of months?
350=30 [(1-(1+0.18/12)^(-n))÷(0.18/12)]
Solve for n
350/30=[(1-(1+0.18/12)^(-n))÷(0.18/12)]
((350/30)×(0.18/12))-1=-(1+0.18/12)^(-n)
-0.825=-(1+0.18/12)^(-n)
0.825=(1+0.18/12)^(-n)
N=−log(0.825)÷log(1+0.18÷12)
N=12.9 months round your answer to get 13 months
Answer:
Sale of Merchandise for Cash
Revenue (Shareholders Equity) = Increase $107500
Cash (Asset) = Increase $107500
Liabilities = No Effect
Cost of Goods Sold
Shareholders Equity = Decrease $ 53750
Inventory (Asset) = Decrease $53750
Liabilities = No Effect
Explanation:
Sale of Merchandise for Cash
Recognition of Revenue increases Profit in Income Statement and consequently increases shareholders equity.
Assets of Cash are increasing to depict inflow of economic benefits
Cost of Goods Sold
Cost of Goods sold represent outflow of economic benefits
Assets of Inventory are decreasing
In this scenario with the boat the person that would prevail is the man that bought the boat.
<h3>The reason why the man would prevail</h3>
This is due to the fact that the people that sold him the boat should have made sure that they were not selling a defective item.
The accident was not the fault of the man. The defect should have been well detected and dealt with before the sale of the boat.
Read more on defects here:
brainly.com/question/14857303
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