Answer:
(a) $500
(b) $620
(c) $180
(d) $72
Explanation:
Explicit costs refers to the which are incurred during running the business and these costs affects the profitability of the company.
Implicit costs refers to the opportunity cost of selecting some other alternative.
(a) Here, the explicit cost is the cost of purchasing materials = $500
(b) If I rent an electric saw, then the explicit cost is as follows:
= Purchasing cost of material + (Rent × No. of hours to build ramp)
= $500 + ($20 × 6 )
= $500 + $120
= $620
(c) If I use a handsaw, then the implicit cost is as follows:
= Hours to build ramp × A job pays $12 per hour
= 15 × $12
= $180
(d) If I rent an electric saw, then the implicit cost is as follows:
= Hours to build ramp × A job pays $12 per hour
= 6 × $12
= $72
It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
<h3>What is a board of directors and
board of advisors? </h3>
A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.
In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
Read more about board
<em>brainly.com/question/4771644</em>
Junior Lenders would be least likely to approve a short sale.
What is a junior interest?
Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced
Is a take out loan the same as junior mortgage?
A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.
Learn more about junior lender:
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Answer:
The answer is -$4,940
Explanation:
Net income = Profit before interest and tax minus interest minus taxes
We rewrite the formula to get interest:
Interest = Profit before interest and tax minus taxes minus net income
= $27,130 - $5,450 - $16,220
=$5,460
Cash flow to creditor equals:
Amount repaid to suppliers minus new amount borrowed plus interest
$31,600 - $42,000 + $5,460
-$4,940
