Purchase Solution

Net Cost

Not what you're looking for?

Ask Custom Question

A degree program costs $50,000 in total expenses: $30,000 in tuition and $20,000 in housing and books. The US Government provides a grant for $10,000 of the tuition. Moreover, the university pays $20,000 of the $30,000 tuition in salary to your instructors. Being in the program is so much fun; you would be willing to pay a net of $5000, for the pleasure, relative to your alternatives. What is the net cost of the education to you?
Solve the problem and write a 50-100 word response explaining the results you obtained for the selected question.

Purchase this Solution
Solution Summary

This solution calculates the net cost of an education based on the amounts given. An explanation is also given explaining the results. It is shown exactly how the net cost was obtained.

Solution Preview

30,000 + 20,000 = 50,000 - 10,000 = 40,000 - 20,000 = 20,000 - 5,000 = 15,000 net cost.

The net cost would be ...

Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

View More Free Quizzes
Related BrainMass Solutions

  • Computing Net Income

    Find: Net sales Cost of goods sold Gross profit Net income Net Sales = Gross Sales - Returns and Allowances = 35,568 - 341 = 35,227 Cost of Goods Sold = Cost of Beginning Inventory + Cost of Purchase - Cost of Ending Inventory

  • Compute the cost of not taking the following cash discounts.

    439278 Compute the cost of not taking the following cash discounts. a. 2/10, net 50 b. 2/15. net 40 c. 3/10. net 45 d. 3/10. net 180 Compute the cost of not taking the following cash discounts.

  • Accounting: Trade Credit Discounts

    a. 1/10 net 20 b. 1/10 net 30 c. 1/10 net 40 d. 1/10 net 50 e. 1/10 net 60 Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios.

  • Net Income

    Less Variable Cost $200,000 =2,000. x $100. Contribution $600,000 =$800,000.-$200000. Less Fixed Cost $150,000 Net Income $450,000 =$600,000.-$150000.

  • Barneycle's Boat Shop, Neat-O-Widgets: optimum order quantity and AR disount

    in a net cost of $1,781 e. not offer the discount as it results in a net cost of $17,781 Please see the response to your posting in attached file.

  • Compute net sales, cost of goods sold, operating expenses

    327120 Compute net sales, cost of goods sold, operating expenses 30.

  • Full costing and variable costing

    $1,500,000 Less cost of goods sold= $862,500 Gross margin $637,500 Less Administrative cost= $60,000 Overhead= $160,000 $220,000 Net Income $417,500 Net income under variable

  • Calculate the net income of the manufacturing division using variable costing

    Cost =6,100,000 Contribution Margin =3,765,000 Fixed Costs Fixed manufacturing overhead =1,700,000 Fixed period cost =1,900,000 Total Fixed cost =3,600,000 Net income of the manufacturing division = 165,000

  • Les Fleurs

    Net sales revenue 2. Cost of goods sold 3. Gross profit 1. Net sales revenue Net sales revenue is gross sales less the sales returns and the sales discounts.

View More Related Solutions