Answer:
b. −1,002.5
Explanation:
economic profit = accounting profit - opportunity costs
- accounting profit = revenue - maintenance and insurance = $96,000 - $30,240 = $65,760
- opportunity costs = the lost salary as a computer programmer + money he could earn by selling the land lot and investing = $48,000 + ($395,000 x 4.75%) = $66,762.50
economic annual profit = $65,760 - $66,762.50 = -$1,002.50
Answer:
the monthly payment is $966.6401
Explanation:
The computation of the monthly payment is shown below:
= $50,000 × (1 ÷ 0.005) × (1-(1 ÷ ((1+0.005)^60)))
= $50,000 × 51.72556
= $966.6401
The rate of interest is
= 6% ÷ 12
= 0.005
Hence, the monthly payment is $966.6401
Answer: Macro, External
Explanation:
Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.
Answer:cost leadership
Explanation:that uses low cost
Answer:
$890
Explanation:
With respective to tax perspective, the following items are not available for deductions which are shown below:
1. Union dues and work uniforms
2. Home office expenses
3. Unreimbursed employee expenses
The gambling losses are extent to the gambling winnings i.e $890 is available for the itemized deductions. The 2% rate is not applicable.