Answer:
Culture of a country can adversely affect the business
Explanation:
The culture of a country affects the costs of doing business in that country in the following ways -
a) In some countries, companies prefer to not work during the afternoon and hence they loose a large segment of business
b) Some countries entertain corruption practices and hence business do not flourish in such countries.
c) The pattern of working of government officials in a country affect the way in which an outsider entrepreneur is affected. The bad practices lower the ease of doing business and hence the business is lost
The new equilibrium price is higher and the new equilibrium quantity is higher
Disruptive innovation are changes in products, services or processes that radically change an industry's rules of the game. By doing this, they are able to create a new market or change the value to an existing market. The disrupt the existing market and value by improving products or services.
Answer:
a. The true cost of something in its cost of opportunity
Explanation:
Opportunity cost is the cost which is defined as the cost or expense of one item which is lost in order to get the opportunity to do or to consume something else. In simple words, it is the value or the cost of the next best available alternative.
So, when the person select to bought the textbooks through Chegg instead paying the higher price for the same books through the bookstore. Under this situation, the principle applies is the cost of something in its opportunity cost.
Answer:
The interest expense is $521
Explanation:
The amount of interest expense for the fiscal year is the interest expense of 31 days which ,in other words the interest incurred only in the month of July ,calculated thus:
interest expense=days in the month/360days*interest rate*loan amount
interest expense=31/360*10%*$60,500=$ 521
The interest expense for the current fiscal year rounded to the nearest dollar amount is $ 521
