TableAmount Interest RateCost.1.2:Loan #1 =$28,000 1.50%Loan #2 =$40,000 2.50%Owner's Last$52,000Job Wage =%3DLabor$8,000%3DIngredients = $40,000%3DRents =$20,000Total$200,000RevenueAccording to information in Table Cost.1.2where loans are used for establishing thefırm, economic profits is about$10,380$10,680$11,580O $10,580

Implicit cost are the opportunity cost that are incurred on starting of this project

Answered: Table Amount Interest Rate Cost.1.2:…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Monthly Payment Amount Number of Table Finance APR Financed Payments Factor Charge $9,300 36 13% $ Need Help? Read It Viewing Saved Work Revert to Last Response Submit Answer
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