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AveGali [126]
2 years ago
7

GeonHouses, a leading manufacturer and supplier of crockery, charges three dollars for each soup bowl. The cost of manufacturing

each soup bowl is one dollar. In this scenario, the difference between the price GeonHouses charges per soup bowl and the cost of making it is referred to as _____.
Business
1 answer:
vagabundo [1.1K]2 years ago
8 0

The difference between the price that GeonHouses charges its customers and the cost of manufacturing a bowl of soup is <em>C. captured value.</em>

The captured value represents the difference between the $3 selling price and the $1 cost of manufacturing a bowl of soup for customers.

This captured value is also known as the gross profit.  Based on the gross profit, GeonHouses deduct its expenses and taxes to determine the actual net income.

The $2 difference is not an <em>abstract, modified, or differentiation value.</em>

Data and Calculations:

Selling price per bowl of soup = $3

Manufacturing cost per bowl = $1

Captured value = $2 ($3 - $1)

Thus, the $2 difference is a captured value for GeonHouses.

Learn more: brainly.com/question/21637154

Options for this question are:

A. abstract value

B. modified value

C. captured value

D. differentiation value

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Answer:

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As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.

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A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
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Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

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