Answer:
<u>Assuming Melinda is a rational person which maximize his returns:</u>
She has a project which yields more than the oppportunity cost of 10%
<u>Assuming is not:</u>
it will place it on the bank, generating 15 interest revenue from the accounting point of view
and lossing 35 dollars from the economic point of view.
Explanation:
<u></u>
She could earn 50 dollars in a year (550 - 500)
from the 500 initial invesment
this rate is: 50 / 500 = 10%
That will be the opportunity cost rate for Melinda.
If she takes the money today it will be because there is a potential project which yields more than this.
She will not put it in the bank as it will yield lower than 10%
Answer:
Explanation: i am not fully sure ,but do your best
Answer and Explanation:
The computation of the net worth statement is shown below:
Assets
Checking account $800
Scooter $2,000
Total assets $2,800 (A)
Liabilities
OWed to jaycee Auto $920
River college $125
Total liabilities $1,045 (B)
Net worth $1,755 (A - B)
<em>Cross Profit :</em>
<em></em>
<em>The profit a company makes after deducting all costs associated with creating and selling its products or services is known as gross profit. By subtracting the cost of goods sold (COGS) from total sales, you may compute gross profit.</em>
<em></em>
<em>Gross Loss Carriage :</em>
<em></em>
<em>the entire sum of a company's losses from various operations in a given period, even if some of these activities are profitable: The corporation announced a second-quarter gross loss of $17.15 billion today.</em>
<em></em>
<em></em>
<em></em>
<em></em>
Answer and Explanation:
The journal entry to record the given transaction is shown below;
Cash $2,881,200
Interest Expense ($2,940,000 × 2%) $58,800
To Notes Payable $2,940,000
(Being the cash and the interest expense is recorded)
Here the cash and interest expense is debited as it increased the asset and expenses while on the other hand the note payable is credited as it also increased the liabilities
