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Katyanochek1 [597]
2 years ago
10

assume you decide to start a business and you quit your job that was paying you $60,000 a year. you pay $36,000 to the landlord

Business
1 answer:
marta [7]2 years ago
5 0

The implicit cost is  $61,000.

<h3>What is the implicit cost?</h3>

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

When you decide to start the business, you forgo the amount you earned from your job and the interest you were earning.

$60,000 + 1,000  = $61,000

Please find attached the complete question. To learn more about implicit cost please check: brainly.com/question/25776323

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A customer has total assets of $436,000 and total liabilities of $314,000. The customer has just signed a contract to buy a new
natta225 [31]

Answer:

$122,000

Explanation:

Net worth refers to total assets minus total liabilities.

Therefore, the net worth of this customer can be calculated as follows:

Assets = Existing assets + A new car - Withdraw from existing checking account = $436,000 + $35,000 - $5,000 = $466,000

Liabilities = Existing liabilities + Borrowing from auto fiance company =  $314,000 + $30,000 = $344,000

Net worth = Assets - Liabilities = $466,000 - $344,000 = $122,000.

8 0
3 years ago
A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.
12345 [234]

Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

8 0
3 years ago
On August 31, 2021, Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on Aug
vladimir2022 [97]

9% interest to be paid on August 31, 2022, is  $1,710.

The price of return that lenders call for for the ability to borrow their cash. for example, the interest rate on credit playing cards is quoted as an APR. In our instance above, four% is the APR for the mortgage or borrower. The APR does not keep in mind compounded interest for the yr.

There are some public sectors in addition to private zone banks in India. although every bank, typically has a different range of interest price for savings bills, the rates commonly range from 2.70% p.a. to six.25% p.a. 2.70% p.a. to 6.50% p.a.

Paid interest is a hobby you've already been credited or paid for. As noted, before virtually having access to the hobby, it's really accruing. however, once that sum hits our account or balance, it is now known as a paid hobby.

Learn more about bank interest here:-brainly.com/question/15728540

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7 0
2 years ago
The brake pedal is low and spongy ; all brake adjustments have been completed according to specifications.the cause of the probl
Aleksandr-060686 [28]
The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay  the pressure to the brake units.
6 0
3 years ago
Which of the following would the U.S. Bureau of Labor Statistics define as a discouraged worker?
Svet_ta [14]

Answer:

d) Mary, who was laid off last year and who was looking for a full-time job until last month

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In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.

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