1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klasskru [66]
3 years ago
15

The salary foregone by a person who quits a job to start a business is an example of a(n) ________. Select one: A. depreciable c

ost B. outlay cost C. opportunity cost D. sunk cost
Business
2 answers:
ZanzabumX [31]3 years ago
5 0

Answer:

C

Explanation:

Opprtunity cost

 Opportunity costs is the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them. If the foregoes the salary and quits the job for the business he wants to start. He is forgoing the benefit of the salary which is an opprtunity cost, even if the business produces more.

Arturiano [62]3 years ago
3 0

Answer:

C. opportunity cost

Explanation:

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

For example, let us assume that Amanda leaves her job where she earns $250,000 to start a business where she earns $500,000. Her opportunity cost is $250,000 which is the salary she forgoes when she decided to start her business.

I hope my answer helps you

You might be interested in
After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which
LenKa [72]

Answer: World bank

Explanation:

5 0
3 years ago
The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t
Marianna [84]

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>
  • The economists often refer to this type of cost as the amount or the value of the next highly rated alternative use of one's money or resource.

An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

Learn more about Opportunity Cost from

brainly.com/question/1549591

8 0
2 years ago
The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Acco
OLEGan [10]

Answer:

Lightning Inc.

Computation of Bad Debts Expense:

7% of $7,500 =   $525

21% of $1,600 =    336

46% of $1,300 =   598

Total                 $1,459

Explanation:

a) Data and Calculations:

Credit Sales $ 20,000

Accounts Payable 10,000

Accounts Receivable 10,400

Allowance for Uncollectible Accounts 400 credit

Cash Sales 20,000

Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 21% of receivables up to 30 days past due, and 46% of receivables greater than 30 days past due.

The accounts receivable balance of $10,400 consists of $7,500 not yet due, $1,600 up to 30 days past due, and $1,300 greater than 30 days past due.

Age Analysis of Accounts Receivable balance of $10,400

                  Not yet due     up to 30 days         greater than 30

                                               past due              days past due

Percentage         7%                         21%                  46%

Balance           $7,500                  $1,600               $1,300

Bad debts          $525                     $336                 $598

Bad debts Expense = $1,459            

6 0
3 years ago
A marketer is keeping track of the revenue generated by his campaign. He wants to
lakkis [162]

Answer:

C). A revenue-focused bidding strategy.

Explanation:

As per the details given in the question, <u>'a revenue-focused bidding strategy' </u>will most likely assist the marketer in upkeeping his needs as his<u> key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him</u>. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, <u>option C</u> is the correct answer.

8 0
3 years ago
On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep
aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0
2 years ago
Other questions:
  • Melissa pellerano does consulting for the yellow pages. Her clients want to know how much of an increase in customers' awareness
    5·1 answer
  • Adamis the owner/operator of a flower shop. Last year he earned $250,000 in total revenue. His explicit costs were $175,000 paid
    6·1 answer
  • The difference between the current sales revenue and the sales at the break-even point is called the:a. price factor b. operatin
    14·1 answer
  • Which group works to help members establish internal political stability?
    6·2 answers
  • If a person drives an automobile, they are required by law to have automobile liability insurance. in which situation would this
    10·1 answer
  • An account credits interest at an effective rate of 4% for years 1-3, 5% for years 4-6, and 6% for years 7-9. Deposits of $1,000
    6·1 answer
  • The managerial role that changes the most between middle and top managers is ________.
    14·1 answer
  • When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be reco
    5·1 answer
  • On November 1, 2021, New Morning Bakery signed a $207,000, 6%, six-month note payable with the amount borrowed plus accrued inte
    7·1 answer
  • What does making a good decision mean?? How can I make a good decision?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!