Answer:
Explanation:
You might not catch bank errors.
You might make an error in calculating your bank balance which could cause you to overdraft.
You might not see valid charges made by the bank.
You might forget to list automatic drafts from your checking account.
You might not catch errors you make such as double postings, etc.
you might not post automatic deposits to customer accounts, causing errors in your subsidiary ledgers.
you could double pay a bill by accident, also causing errors in subsidiary ledgers.
Any opportunity cost is that cost which you give up in order to pursue a different thing. In this problem, you give up your $11,000 job to go to school. However you are going to spend $2300 (tuition is $2000 and books are $300) to go to school.
In short: If you took the job, you would make $11,000. If you go to summer school, you spend $2,300. However, you are in school, and both spending and not making the money. Your opportunity cost is their sum - $13,300, because you gave up the job and are spending money on books and tuition.
Notice that the living expenses are not mentioned - that is a fixed cost and that change is not included.
The opportunity cost is $13,300.
Answer:
It will return 1,936,000 dollars
from which 336,000 will be interest
Explanation:
We solve using the future value of a lump sum:
Principal 1,600,000.00
time 2.00
rate 0.10000
Amount 1,936,000.00
We calculate interst by the different os the amount borrow and the amount returned:
1,936,000 - 1,600,000 = 336,000
In Australia, the government has decided that it is cheaper to stop people smoking than to treat their smoking-related illnesses and deal with lost productivity, etc. So the government has put astronomical taxes on cigarettes, to deter people from smoking, while a the same time refusing to pay for smoking-related illness treatments.
