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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

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Income before income taxes                                                          359,400

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