1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lena [83]
3 years ago
13

Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options fo

r the 3 month break follow:
(1) Work full time at a local accounting firm making $3,600 per month.
(2) Take a summer class which will cost $800 and work half time making $1,100 per month.
(3) Take a class at a cost of $800 and not work at all during the summer. Elroy's incremental profit or loss if he chooses option 2 over option 1 would be:_________ Round to two decimal places.
Business
1 answer:
Solnce55 [7]3 years ago
4 0

Answer:

$8,300

Explanation:

Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1

Using this formula

Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2

Let plug in the formula

Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)

Incremental Profit of option 2 over option 1= $10,800 - $2,500

Incremental Profit of option 2 over option 1= $8,300

Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300

You might be interested in
To create the proper style for an argumentative essay, a writer should
spayn [35]

Answer:

<em>Provide clear statements</em>

<em>The government can pay for projects to create work</em>

Explanation:

3 0
3 years ago
Read 2 more answers
What are sales transactions posted to the accounts receivable subsidiary ledger? Why?
Eduardwww [97]

Answer: Transactions and Payment History.

Explanation:

The general ledger records the transactions and payment history of each customer to whom the business provides credit. The balance in each client account is periodically adjusted to the stability of accounts receivable in the general ledger, to ensure accuracy. It also provides details of these sales, showing dates and account numbers, credit, payments made against credit sales, discounts and refunds and fees.

8 0
3 years ago
James hires Franco for a painting job. Their contract explicitly states that​ Franco's employment can be terminated if he is emp
brilliants [131]

Answer: condition subsequent

                                         

Explanation:  A condition subsequent is an incident or set of circumstances that bring something to a conclusion. A subsequent circumstance is being used as a symbol in a legal sense to put an end of one's constitutional rights or responsibilities.

This generally occurs when someone do anything illegal or unethical in the eyes of law. In the given case, Franco got employed by some other party although he had a contract with James that he cannot do that. Hence we can conclude that the given case depicts condition subsequent.

8 0
3 years ago
When a government collect more revenue in one year than it spends there is a budge
ss7ja [257]

there would be a budget surplus

8 0
3 years ago
Your deposit a check for $1200 into your checking account that a balance of $625 and a bounced you had written checks for $450 $
Elis [28]

Answer:

$110

Explanation:

8 0
3 years ago
Other questions:
  • Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level
    7·1 answer
  • Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,000,000. According to indepen
    5·1 answer
  • A The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is ave
    9·1 answer
  • Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the va
    11·1 answer
  • A portion of a document that can be formatted differently and separately from the rest of the document is a ________.
    7·1 answer
  • 1. What is capital ?
    6·1 answer
  • Please help, this is very simppleee!! ^^
    8·2 answers
  • Calculate the simple interest and maturity vale. (do not round intermediate calculations. Round your answers to the nearest cent
    12·1 answer
  • Fiscal policy refers to the idea that aggregate demand is affected by changes in
    5·1 answer
  • a country that has a lower opportunity cost associated with producing a given product compared to another country would have a(n
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!