Given
Principal = $11,500,
Interest Rate = 10%
Time = 240 days (use ordinary interest)
Partial payments:
On 100th day, $6,000
On 180th day, $3,500
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)
c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
Answers
Total interest=$489.58
Balance after 100th day=$5,819.44
Balance after 180th day=$2,448.77
Final payment=$2,489.58
Compute the total interest, the balances on the 100th and 180th days as well as the final payment of the loan?
In the first place, ordinary interest means simple interest, in other words, the simple interest approach would be used in computing the interest due at every point in time.
Interest=loan balance*interest rate*number of days that interest is due/360 days
Interest on 100th day=$11,500*10%*100/360
Interest on 100th day=$319.444444
balance after 100th day=initial principal+ interest-partial payment
balance after 100th day=$11,500+$319.444444 -$6,000
balance after 100th day=$5,819.444444
Note it has been 80 days since the payment of the last interest on 100th
interest on 180th day=$5819.444444 *10%*80/360
interest on 180th day=$129.320988
balance of the loan on the 180th day=$5,819.444444+$129.320988-$3,500
balance of the loan on the 180th day=$2,448.765432
The final payment would be the balance as of the 180th day plus the interest for the last 60 days(180th-240th)
final interest=$2,448.765432*10%*60/360
final interest =$40.812757
Final payment=$2,448.765432+$40.812757
Final payment=$2,489.58
Total interest=$319.444444+$129.320988+$40.812757
Total interest=$489.58
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Related Questions
What is a Cloud-first strategy?
a wearable technology that provides customers with on-the-spot personalized experiences
a service that enhances and automates a business' customer acquisition strategy
a hybrid Cloud service that allows multiple customers to share control of applications
a multi-service approach that re-platforms global businesses with greater speed and value
I don't know this yet.
Answers
Cloud-first strategy: a multi-service approach that re-platforms global businesses with greater speed and value. Option D. This is further explained below.
What is a Cloud-first strategy?Generally, Based on this computing philosophy, businesses should prioritize cloud-based solutions above those not built for use with the cloud when designing new procedures or revising existing ones.
In conclusion, The cloud-first strategy is a multi-service model that enables faster, more valuable re-platforming of global organizations.
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true/false . entrepreneurs need to constantly rethink their entrepreneurial self discovery model and reanalyze their entrepreneurial paradigms as the business scale up.
Answers
Answer:
I would say true...
Explanation:
As their business grows, so should their ideas. For example, if your business starts taking off (i.e. gaining new customers, notice of the public eye, and new demand of your services) it is a good idea to revise the ways of your business in order to sustain success. Businesses should grow along with their customers.
A price floor set at $60 would create a surplus of 20 units. a. True b. False
Answers
Answer:
True
Explanation:
What is the function of the organelles that are labeled f? to temporarily store water, waste products, food, and other cellular material to produce proteins for the cell to move proteins and other substances through the cell to contain digestive enzymes that break down waste material and debris in the cell
Answers
The function of the organelles that are labeled F is to move proteins and other substances through the cell. Thus the correct answer is C.
What is Organelles?Organelles are tiny structures in the cytoplasm that perform tasks crucial for a cell to stay in balance. In the diagram, the organelle designated "F" is the endoplasmic reticulum.
They carry out a variety of tasks inside cells, including the creation of energy and the synthesis of proteins and secretions.
Therefore, option C to move proteins and other substances through the cell is the appropriate answer.
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a)A rational firm operating in a perfectly competitive market has its demand and total cost function given below.
TR=20Q-30Q2
TC=50+25Q-40Q2
Required
i) Average fixed cost function
ii) Average variable cost function
iii) Marginal cost function
iv) Profit maximizing level of output
v) Maximum Profit
Answers
The average fixed cost function will be 50/Q.
How to calculate the cost?From the information given,
TR = 20Q - 30Q²
TC = 50 + 25Q - 40Q²
The average fixed cost will be:
= Fixed cost/Quantity
= 50/Q
The average variable cost will be:
= VC/Q
= (25Q - 40Q²)/Q
= 25 - 40Q
The marginal cost function will be:
TC = 50 + 25Q - 40Q²
We'll differentiate it. This will be:
MC = 25 - 80Q
The profit maximizing level of output will be:
MR = MC
20 - 60Q = 25 - 80Q
-60Q + 80Q = 25 - 20
20Q = 5
Q = 5/20 = 0.25
The profit will be:
= TR - TC
= 20Q - 30Q² - (50 + 25Q - 40Q²)
= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)
= [5 - 1.875] - [50 + 6.25 - 2.5]
= 3.125 - 53.75
= -50.625
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A single person earns a gross biweekly salary of $780 and claims 6 exemptions. how does their net pay change due to the federal income tax withheld?a.no federal income taxes are withheld.b.they will add $11 to their gross pay.c.they will subtract $11 from their gross pay.d.they will add $13 to their gross pay.
Answers
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.
What is income tax?Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.
In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.
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Answer:
Answer is A
Explanation:
Because its A
Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs to be added to the costs of the equipment. The variable cost is now $3.37 per study, but Dr. Jones’ office is planning on doing 1675 studies because there has been an addition of two new managed contracts, and there has been a reimbursement increase to $53.16.
Answers
The Loss recorded in the year 2 for the table is -$35,841.39.
What is the profit or loss on the table?Year 2
Monthly Cost in year $1564.29
Maintenance $0
Salary $39600
Fixed cost $0
Variable cost $356.40
Total cost $41520.69
Reimbursements = $5679.30
Profit or Loss = Reimbursements - Total cost
Profit or Loss = $5679.30 - $41520.69
Loss = -$35,841.39.
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What is likely to occur during a period of inflation? (Standard 5.7)
O More than one of the above will occur
O People are likely to save money since prices are increasing
O I have no idea what the answer is.
O People are likely to spend their paychecks instead of placing their money in a
savings account
O People will not purchase land or valuable metals
Answers
During an inflation, people are likely to spend their pay checks instead of placing their money in a savings account.
What is an inflation?Inflation is a period that is characterised by a general increase in the price levels of goods and services. During an inflation, the value of money would erode quickly. This would discourage people from saving it. They would instead prefer to spend their monies.
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What is a pension plan?
A. A retirement plan used by self-employed people and small
business owners to set aside money for retirement
B. An employer-sponsored plan that makes payments depending on
how much each employee contributes
OC. A government plan that provides monthly payments to people
upon retirement
D. An employer-sponsored plan that promises a certain amount of
money upon retirement
Answers
The pension plan is an employer-sponsored plan that promises a certain amount of money upon retirement. Option D is correct.
What is pension plan?A pension plan is an employee benefit that commits the employer to make regular contributions to a pool of money that is set aside in order to fund payments made to eligible employees after they retire.
Pension payments are made for the rest of your life, no matter how long you live, and can possibly continue after death with your spouse.
To get a pension, an employee has to work for a company that offers a pension plan. This can be a private company, though a majority of pension plans are now offered by government institutions and agencies. In addition, people must often meet a vesting requirement by working for a company for a specific amount of time to quality for pension plan benefits.
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Questions 1. What is meant by financial position? 2. Define asset and give an example 3. (a) Define liability and give an example (b) Define owner's equity. 4. What is the balance sheet equation? 5. What is a balance sheet?
Answers
Answer:Financial position is the current balances of the recorded assets, liabilities, and equity of an organization. This information is recorded in the balance sheet, which is one of the financial statements. The financial position of an organization is stated in the balance sheet as of the date noted in the header of the report.
More broadly, the concept can refer to the financial condition of a business, which is derived by examining and comparing the information in its financial statements. This typically means calculating a number of financial ratios from the presented information, examining results on a trend line, and comparing results to those of other entities in the same industry.
Related Courses
Assets are the business owned resources that are utilized by the business for earning profits. They are very important for any business enterprise for their growth and survival. These resources are valued in monetary terms and are reported in the company’s balance sheet at historical cost. The assets of the business are bifurcated as fixed assets (that are used for more than a year and provide economic benefits for several years) such as plant & machinery, office equipment, land & building, etc. and current assets (that are expected to be converted into cash within a one year period) such as inventory, trade receivables, cash & cash equivalents.
Land &Building: Every business has some office work place which requires an office building. If the building is on rent then that building is not an asset of the company but if it is owned then such Land &Building is the fixed asset for that business and is recorded at its construction cost/ purchase cost.
The term liability refers to a broad spectrum of things a person may be held responsible for. This may be a legal liability, a financial liability, or other responsibility. An example of liability includes the legal obligation to pay a debt, or to pay for damages an individual has caused someone else.
Owner’s equity is generally considered one of the three main aspects of a company’s finances, as it is part of the accounting equation: Owner’s Equity = Assets - Liabilities. This equation is most commonly associated with sole traders. More generally, it is the financial ownership of the business.
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
PLS MARK ME AS BRAINLIEST.
Which of the following statements about income taxes is not correct?
Answers
The correct statement regarding the income tax is Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future. hence option C is correct
What is income tax?A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.
The complete part of the question is below:
A) Review Later Income tax expense includes both the amount of tax payable in the current period and the amount of tax due in future periods.
B)Income taxes are based on taxable income and not accounting income.
C)Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future.
D)Deferred taxes arise because of temporary differences between the tax base and the carrying amount of assets and liabilities on the balance sheet.
Hence option C is correct.
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A forged ID may have a bumpy surface where alterations were made?
Answers
some other signs the ID is fake or forged are:
air pockets on laminated IDs
if the ID doesn’t have micro print
misspellings
what are the shortcomings or national incom acconting system?
Answers
Answer:
The three main limitations to national income accounting are: Errors in Measurement: Black Market and underground activities are not included when calculating GDP. This is because there is no way to accurately measure black market activity.
z
z
-score formula, z=x−μσ
z
=
x
−
μ
σ
, and the information below to find the value of x
x
. Round your answer to one decimal place, if necessary.
z=1.25
z
=
1.25
, μ=89.6
μ
=
89.6
, and σ=1.2
σ
=
1.2
Answers
By using the z-score formula, the value of x is equal to 91.1.
What is a z-score?A z-score is also known as a standard score and it's a measure of the distance between a raw score and the mean, when standard deviation units are used.
How to determine the value of x?In Statistics, the standardized z-score is giving by this formula:
[tex]Z=\frac{\bar{x}\;-\;\mu}{ \sigma }[/tex]
Making x the subject of formula, we have:
[tex]\bar{x} = Z\sigma + \mu[/tex]
Substituting the given parameters into the formula, we have;
x = 1.25(1.2) + 89.6
x = 1.5 + 89.6
x = 91.1.
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Complete Question:
Use the z-score formula and the information below to find the value of x. Round your answer to one decimal place, if necessary.
z = 1.25, μ = 89.6, and σ = 1.2.
What would be a best practice when managing the merchandise at a store?
Answers
Explanation:
A.
make sure that all products are bought from the same vendor
B.
make sure that products displayed (sold) near each other are of similar categories
C.
make sure that the merchandise is only available to a few elite sections of society
D.
make sure that the products are kept clustered together at the center of the store
All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation affect assets, liabilities, and/or stockholders' equity must affect assets must affect both assets and liabilities must affect both assets and stockholders' equity
Answers
All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.
What is the accounting equation?The accounting equation shows that assets are equal to liabilities and equity.
The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.
Thus, the correct options are Options B. and D.
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Please develop an Integrated Marketing Communications (IMC) Plan for the US launch of any brand of your choice using the following tools:
Advertising, Personal Selling, Sponsorship, Event Marketing, Sales Development, Direct Marketing, Digital Marketing, Public Relations.
Answers
An IMC plan for a particular product would include:
Advertising: To create public awareness
Personal Selling: To increase sales
Sponsorships: To get an increase in reach and funding
Event Marketing: To get a target audience
Sales Development: To increase sales and profit
Direct Marketing: To meet a specific audience for goods that they need.
Digital Marketing: To advertise through the use of social media
Public Relations: The interaction with the customers to get feedback
What is an Integrated Marketing Communications Plan?This refers to the different techniques that are used to maximize marketing through the use of market research, strategic planning, etc.
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Bulk heated Mac & Cheese can be held for _______ hours. Enter the exact number.
Answers
Answer:
2
Explanation:
Bulk heated Mac & Cheese can be held for 2 hours.
Bulk heated mac & cheese can be held for 2 hours.
Where does Panera get their mac and cheese?The Mac and Cheese at Panera Bread are "prepared offshore with our exclusive recipe devised by our chefs," according to Panera Bread's defense to The Washington Post. As a result, the company is able to avoid employing preservatives that don't adhere to its clean requirements because the product is transported frozen to its bakery-cafes.
Bulk-heated mac & cheese, like any other cooked food, is susceptible to bacterial growth. Bacteria can multiply rapidly between 40°F and 140°F, which is known as the "danger zone." Therefore, it is important to ensure that cooked mac & cheese is held at a safe temperature to prevent bacterial growth and foodborne illness.
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1. A public relations manager plans to delegate crisis communications responsibilities to a subordinate. What characteristic will the manager need to assess of the subordinate prior to delegating responsibilities?
Storytelling ability
Performance readiness
Selling experience
Active participation
2. A human resource director provides training for new managers learning how to adjust their leadership styles based on their staff’s abilities to self-manage and their level of confidence in performing their jobs. Which type of leadership training is being provided by the human resource director?
Telling
Persuasive
Participatory
Situational
Answers
The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:
Performance readinessThe type of leadership training that is being provided by the human resource director is:
SituationalWhat is Situational Leadership?Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.
The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.
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Many executives own shares in the companies they manage and are also in high tax brackets. When faced with the choice between declaring dividends and repurchasing shares, managers may opt to repurchase shares as it is not a taxable event for them unless they sell their shares and with fewer shares outstanding, the stock price will likely rise. The company's investors may prefer dividend payments.
This is an example of what theory is in action?
Answers
The above is an example of theory is in action which is difference between Dividends and Buybacks.
What is a dividend?Dividends are leftover of a company's profit paid to shareholders. It is what is paid to those who own shares in a company at the end of the financial period.
It is to be noted that companies reward their shareholders by paying dividends or by buying back shares of stock.
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5. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to
keep their currency cheap compared to the US dollar. Explain clearly how a cheaper Yuan benefits the Chinese
economy.
Answers
A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.
What is international trade?International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.
The three types of international trade are:
Export TradeImport TradeEntrepot Trade.Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.
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Would simple interest or compound interest grow a person investment better? Explain.
Answers
Answer:
Compound interest is better.
Explanation:
When it comes to investing, compound interest is better since it allows funds to grow at a faster rate than they would in an account with a simple interest rate. Compound interest comes into play when you're calculating the annual percentage yield. That's the annual rate of return or the annual cost of borrowing money.
According to the principles of supply and demand, why is it that as the price of a product increases, the amount supplied will also increase?
Answers
According to the principles of supply and demand, the price of a product increases, the amount supplied will also increase because there is positive relationship between price and quantity supplied.
Why when price increases supply also increases?Economists States that there is a positive relationship between price and quantity supplied—that means a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied.
Principle of supply states that at a higher price, a producer is willing to produce more of a good.
Principle of demand states that at a higher price, a consumer is less willing to purchase a good.
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What happens if my mission statement changes in the future?
Answers
It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.
Good luck ✅.
Calculate the breakeven point and contribution margin.
Fixed cost: $65,000
Selling price per unit: $5.00
Variable cost per unit: $1.00
Required: Breakeven point and contribution margin
Answers
The breakeven point is 16,250.
The contribution margin is $4.
What is the contribution margin and the breakeven point?Contribution margin is the difference between the price of an item and the variable cost per unit.
Contribution margin = price - variable cost per unit
$5 - 1 = $4
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / contribution margin
$65,000 / $4 = 16,250
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Allan got a job at Tim Hortons on campus. His income for the year will be less than $30K. His new employer wants him to fill out a TD1 form.
Allan is a single dad and has a daughter under 18. Allan is over 65 years of age and also has a valid T2201 on file with CRA. Allan wants payroll to deduct an additional $100 per pay cheque to avoid paying additional taxes at year-end.
He has not received any bursaries or scholarships.
Required:
As a payroll admin you are required to assist Allan in completing his TD1 form and TD1-AB form
TD1-Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1.html
TD1-AB Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1ab.html
Answers
Based on the information given about the tax, the way to fill out the TD1 form will be:
He should follow the instructions on each line or the provincial and federal forms.Each of the amounts on the line is added together.The sum is then entered into the last line of page 1.How to illustrate the information?It should be noted that the TD1 form is used to determine the amount of tax that will be deducted from the income of an individual.
In this case, Allan has a T2201 which is a disability tax credit certificate. This is important as it helps people who have disabilities to reduce the amount of income tax that they'll pay.
Furthermore, Allan is a single dad, has a daughter under 18, and is over 65 years of age. Therefore, the appropriate way to fill the form is illustrated.
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ABC Electronics Corporation Ltd. recently diversified its activities and started producing computers. It employed personnel at lower level and middle level. It has received several applications for the post of Commercial Manager-Computer Division. It could not decide upon the suitability of the candidate to the position, but did find that Mr. David is more qualified for the position than other candidates. Now the Corporation has created a new post below the cadre of General Manager i.e. Joint General Manager and asked Mr. David to join the Corporation as Joint General Manager. Mr. David agreed to it viewing that he will be considered for the General Manager's position based on his performance. Mr. Henery, the Deputy General Manager of the Corporation and one of the candidates for General Manager's position was annoyed with the management's practice. But, he wanted to show his performance record to the management at the next appraisal meeting. The management of the Corporation asked Mr. Smith, General Manager of Televisions Division to be the General Manager in-charge of Computer Division for some time, until a new General Manager is appointed. Mr. Smith wanted to switch over to the Computer Division in view of the prospects, prestige and recognition of the position among the top management of the Corporation. He viewed this assignment as a chance to prove his performance. The Corporation has the system of appraisal of the superior's performance by the subordinates. The performance of the Deputy General Manager, Joint General Manager and General Manager has to be appraised by the same group of subordinates. Mr. David is a stranger to the system as well as its Modus Operandi. Mr. Smith and Mr. Henery were competing with each other in convincing their subordinates about their performance and used all sorts of techniques for pleasing them like promising them a wage hike, transfers to the job of their interest, promotions etc. However, these two officers functioned in collaboration with a view to pull down Mr. David.
Answers
There should be a structured evaluation tool to analyze the performance appraisal
What is performance appraisal?The other parts of the question include:
a. How do you evaluate the workers appraisal in this case?
b. Do you suggest any technique to avert politics creeping into the performance of appraisal?
It should be noted that performance appraisal simply means review if the job performance of an employee.
In order to evaluate the workers appraisal, specific goals should be set and there should be performance standards.
The technique to avert politics creeping into the performance of appraisal is that personal bias should be avoided and the employees should be aware of the performance appraisal tools.
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Answer:
Explanation:
How do you evaluate the workers' appraisal in this case?
b) Do you suggest any techniques to avert politics creeping into the process of performance appraisal by subordinates?
(c) What measures would you like to suggest in dispensing with such an appraisal system?
On March 12, a company provides services on account to an individual Hospital for $9,100, terms 2/10, n/30. An individual does not pay for services until March 31, missing the 2% sales discount.
Required:
For an individual Hospital, record the purchase of services on account on March 12 and the payment of cash on March 31.
Answers
To record the transactions with the individual hospital company, the following journal entries are made:
Journal Entries:March 12: Debit Accounts Receivable $9,100
Credit Services Revenue $9,100
To record the sale of services on terms 2/10, n/30.March 31: Debit Cash $9,100
Credit Accounts Receivable $9,100
To record the receipt of cash in full settlement.Transaction Analysis:March 12: Accounts Receivable $9,100 Sales Revenue $9,100
Terms 2/10, n/30
March 31: Cash $9,100 Accounts Receivable $9,100
Thus, the journal entries for the customer do not require the recognition of the 2% sales discount since the customer could not pay within the discount window.
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If the tax elasticity of labor supply is 0.21, by how much do tax rates have to be reduced to increase the labor supply by 2 percent?
Answers
For labour supply to increase by 2%, tax rates have to be reduced by 9.52.
By how much should tax rates be reduced?The tax elasticity of labor supply measures the sensitivity of labor supply to tax rates. If the tax elasticity of labor supply is less than one, it indicates that the supply in inelastic.
The tax elasticity of labor supply = percentage change in labor supply / percentage change in taxes
0.21 = 2% / percentage change in taxes
Percentage change in taxes = 2% / 0.21 = 9.52
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Answer:
9.52
Explanation:
Prescott Lumber processes logs into grade A and grade B lumber. Logs cost $20,600 per load. The milling process produces 3,000 units of grade A with a market value of $64,400, and 12,000 units of grade B with a market value of $9,200. The cost of the milling process is $9,000 per load.
Required:
a. If the costs of the logs and the milling process are allocated on the basis of units of output, what cost will be assigned to each product?
b. If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to each product?
c-1. How much profit or loss does the grade B lumber provide using the data in this problem and your analysis in requirement (a)?
c-2. Is it really possible to determine which product is more profitable?
Answers
The cost that will be assigned to each product will be $5920 and $23680.
How to calculate the cost?From the information given, the cost to be allocated will be:
= $20600 + $9000
= $29600
The cost allocated to grade A will be:
= 3000/(3000 + 12000) × $29600
= 3000/15000 × $29600
= $5920
The cost allocated to grade B will be:
= 12000/(3000 + 12000) × $29600
= 12000/15000 × $29600
= $23680
The cost based on the net realizable value will be:
A = $29600 × 64000/73600
= $25900
B = $29600 × 12000/15000
= $23680
The loss that the grade B lumber provide will be:
= $9200 - $23680
= -$14480
Lastly, it's not ossible to determine which product is more profitable as there is a huge variance.
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