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1 year ago

5

The selling price of a property is $96,000. this can be financed if the buyer can put 10 percent down and pay a loan origination

fee of 1.5 percent. how much cash must the buyer produce to complete this transaction?

1 answer:

Romashka-Z-Leto [24]1 year ago

4 0

The buyer must produce $10896

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You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end

Lesechka [4]

Answer:

- $45000

Explanation:

Economic profit is different from accounting profit in the sense that former also takes into consideration the implicit costs, also referred to as opportunity costs unlike the latter.

Economic Profit = Accounting profit - Opportunity Costs

Opportunity costs are defined as the the cost of sacrificed or foregone alternative for pursuing a particular alternative. Such costs are implicit or notional as they are not actually incurred.

In the given case, Economic Profit = Revenues - Explicit costs - Implicit costs

Here, the implicit cost is $60,000 income foregone.

Thus, Economic Profit = $20,000(income) - $ 5000 (expense) - $60,000 (opportunity cost)

Economic Profit = ($ 45,000) or -$45,000.

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2 years ago

Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of

hoa [83]

Answer: An Isolate

Explanation:

An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.

Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.

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2 years ago

JED Corp., an e-commerce company, has created a network that supports its supply chain management system. The network provides t

k0ka [10]

The question is incomplete, it lacks options.

A) extranet

B) corporate portal

C) intranet

D) executive information system

Answer:

Extranet.

Explanation:

An extranet can be defined as a private network that is used for information sharing. An extranet is a private network which is created by a company to enable customers and suppliers to get specific information about the company but preventing them access to other private and sensitive information.

Extranet makes it very easy to share information with potential customers and various shareholders. Extranet also improves customer service by providing them with various information to solve their questions.

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2 years ago

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

Makovka662 [10]

Answer:

The Corporation's manufacturing overhead cost for the year was $543,840

Explanation:

Giving the following information:

Last year, the Corporation worked 60,500 actual direct labor-hours and incurred $532,000 of actual manufacturing overhead cost.

The Corporation had estimated that it would work 61,800 direct labor-hours.

First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 532,000/60,500= $8.80 per direct labor hour.

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.8*61,800= $543,840

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1 year ago

Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi

Marizza181 [45]

Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
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Divide both sides by 1.2
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Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer

Hope it helps!

5 0

1 year ago