I have this question on my homework and I came up with -3300; the correct answer
ID: 2652117 • Letter: I
Question
I have this question on my homework and I came up with -3300; the correct answer is -4100....can someone please help me with what I did wrong? I think I don't understand what "S" is or how to solve for "S":
((3*1100)-800)-(3*{S})
Jetson is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow:
(1) Work full time at a local accounting firm making $2,200 per month.
(2) Take a summer class which will cost $800 and work half time making $1,100 per month.
(3) Take a class at a cost of $800 and not work at all during the summer.
Jetson's incremental profit or loss if he chooses option 2 over option 1 would be?
Explanation / Answer
6,600
[2200*3]
3,300
[1100*3]
so Incremental benefit (loss) of option 2 over option1 = $ -4,100
option 1 option 2 Incremental Income6,600
[2200*3]
3,300
[1100*3]
-3,300 cost - -800 -800 Incremental benefit 6600 2500 -4100