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
valentina_108 [34]
3 years ago
13

The Shaffer Auto Company has purchased a large parcel of land forâ $1 million. The company recently discovered that the land is

contaminated and is worthless to all possible buyers. The opportunity cost of the land is _________.
O A. equal to the cost of the factory that was planned to be built there.
O B. some amount greater than $0 but less than $1 million.
O C. $1 million.
O D $0.
Business
1 answer:
dolphi86 [110]3 years ago
6 0

Answer:

O D $0

Explanation:

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

Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.

I hope my answer helps you

You might be interested in
Jasmine Carmichael has been called for jury duty. When Jasmine reports for jury duty, she is sent to a court room with others fo
belka [17]

Answer:

a. ​Jasmine can be removed for cause.

Explanation:

Voir Dire is the questioning phase of jury selection in which the attorneys of both sides ask questions to see if the jury members are qualified.

When someone is removed for cause it means that the attorney thinks that the jury member can't be impartial based on bias or conflict.

In this case Jasmine can't be impartial because of her past relationship with the prosecutor.

5 0
3 years ago
Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the followin
fiasKO [112]

Complete Question:

Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses.

Drugs and medicines prescribed by doctors $300

Health insurance premiums $750

Doctors' fees $2,250

Eyeglasses $75

How much medical expense can he deduct as itemized deduction?

Answer:

Jon

Medical expense that Jon can deduct as itemized deduction:

= $375

Explanation:

a) Data and Calculations:

Adjusted gross income = $40,000

Incurred medical expenses:

Drugs and medicines prescribed by doctors $300

Health insurance premiums $750

Doctors' fees $2,250

Eyeglasses $75

Total  = $3,375

Under Tax Cuts and Jobs Act (TCJA), the medical expenses which can be deducted as an itemized deduction on the federal income tax return are only to the extent that they exceed 7.5% of adjusted gross income (AGI).

7.5% of $40,000 = $3,000

Therefore, Jon can itemize deduction of $375 in medical expense.

7 0
3 years ago
Evaluate a team you have been part of in terms of its size, composition and characteristics compared to those of an 'ideal' team
zaharov [31]

Answer:

Check screenshot

Explanation:

7 0
3 years ago
As a result of differences between depreciation for financial reporting purposes and tax purposes, the financial reporting basis
Verizon [17]

Answer:

Deferred tax liability = $52,500

Explanation:

Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000

Enacted tax rate = 30%

Tax rate for future years = 40%

so Deferred tax liability = $250,000 x 40% = $100,000

8 0
3 years ago
Which of the following statements is true of browse-wrap agreements?
creativ13 [48]

Answer:

Im sorry I dont see anything? Theres no pictures.

5 0
3 years ago
Other questions:
  • Which of the following has the greatest impact on your cash flow?<br>​
    14·1 answer
  • Monthly sales are​ $530,000. Warranty costs are estimated at​ 3% of monthly sales. Warranties are honored with replacement produ
    12·1 answer
  • A taxpayer with qualified business income who is a patron of an agricultural cooperative will use what form to calculate the qua
    7·1 answer
  • Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
    10·1 answer
  • What happens to earnings in a cooperative?
    6·2 answers
  • MagTech Inc. requires funding to build a new factory and has decided to raise the additional capital by issuing $850,000 face va
    15·1 answer
  • In the cell phone mini case, mobile power's money-back guarantee and warrantee are a form of ________ pricing
    10·1 answer
  • Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without gi
    7·1 answer
  • Who wants brainliest? <br><br> Name 3 ways it is okay to use copyrighted material and explain:
    15·1 answer
  • Help :( Marking brainliest!! Some experts predict that there will be fewer operations management jobs in the next several years.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!