Answer:
Accounting profit = $50
Economic profit = $10
Explanation:
Accounting profit = Revenue - Explicit cost
$60 - $10 = $50
Economic profit = Accounting profit - Opportunity cost
$50 - $40 = $10
I hope my answer helps you
Answer:
See below.
Explanation:
1)
Calculating cost of goods sold by assuming periodic average.
Total cost of inventory at the beginning of 2018 = 10,000 * 7 = $70,000
Total Cost of inventory purchased during the year = 50000*8.50 = $425,000
Avg cost of inventory = 70,000 + 425,000 / 60,000 = $8.25/unit
Cost of goods sold hence, 54000*8.25 = $445,500
2)
The effect of LIFO is as follows,
Assuming out of the 54000 sales 50,000 were @ $8.50 and 4000 @ $7
so cost of goods sold then would be = $453,000
This means that LIFO will cause a negative effect of $7500 and reduce income by this amount.
Hope that helps.
Answer:
Option A,4 months
Explanation:
Closing fees =1.5% of the mortgage
mortgage amount is $150,000
closing fees =$150,000*1.5%=$2250
The mortgage monthly payment can be computed using the pmt formula in excel as follows:
=pmt(rate,nper,-pv,fv)
rate is the rate per month which is 3.5%/12=0.002916667
nper is 30 years multiplied by 12 =360
pv is the amount of mortgage which is $150,000
fv is the sum of the interest on mortgage and mortgage amount which is unknown
=pmt(0.002916667
,360,-150000,0)= 673.57
the final answer=closing fees/monthly payment=$2250
/$673.57 = 3.34 months
The closest option is 4 months
redit card
In general, a credit card lets you make purchases for which you are billed later. Most credit card accounts allow you to carry a balance from one billing cycle to the next. However, you will usually have to pay interest on that balance. You likely also have to pay at least a certain amount of your balance each time you receive a bill.
Charge card
A charge card is a specific kind of credit card. The balance on a charge card account is payable in full when the statement is received and cannot be rolled over from one billing cycle to the next. American Express and Diner's Club are two well-known organizations that offer charge cards.
So what does this mean for your FICO® score? There are many ways to build one's FICO score over time. Credit cards in general have a strong influence on the FICO score calculation. Charge cards can be just as effective as any other credit product in helping consumers establish a credit history.
Whether you have a credit card or a charge card, the most important factor in building or improving your FICO score is using credit responsibly. That means paying your bills on time and using your credit only when needed. If you can do those things consistently, you should be well on your way toward maintaining a good score.
With the current
exchange rate provided by the word bank, 1 US dollar would be the equivalent of
64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply
divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing
the two amounts, you will probably have 13,391.28 as your answer. There are a
lot of ways in the digital age to convert currencies right now. However, when
you exchange your money in exchange centers,do not expect to have the same
amount you just calculated since you will be paying for a few taxes and service
fees.
