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MakcuM [25]
3 years ago
5

Your aunt is thinking about opening a hardware store. She estimates that it would cost $400,000 per year to rent the location an

d buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. What is the opportunity cost of something?
(A) The time it takes to do something
(B) What must be given up to acquire it
(C) Cost to produce it
(D) What you pay
Business
1 answer:
Solnce55 [7]3 years ago
8 0

Answer:

(B) What must be given up to acquire it

Explanation:

Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.

It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.

In this case, the salary of $50,000 per year is the opportunity cost.

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Before purchasing a chemical, one should ask if the chemical is commonly used. how does one know whether or not a chemical is co
Ivenika [448]

Glance through the curriculum to discover how generally the chemical is used in the course of the year.

Chemical procurement is the manner of obtaining gadgets and/or ingredients for enterprise functions. This involves no longer simplest the act of hitting the “purchase” button, however, also includes the issues main up to that factor and the gear used to finish the procedure.

A chemical is any substance that has a described composition. In different phrases, a chemical is continually made from identical "stuff." some chemical substances arise in nature, such as water.

The definition of a chemical is a substance created by way of chemistry. An example of a chemical is a pesticide.

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3 0
2 years ago
This information relates to Pharoah Co..
monitta

Answer and Explanation:

The journal entries are shown below:

On April 5

Inventory Dr $28,600.00  

     To Accounts payable  $28,600.00

(Being purchase of inventory on account is recorded)

On April 6  

Inventory Dr $580.00  

      To Cash  $580.00

(Being freight payment is recorded)  

On April 7

Equipment Dr $32,000.00  

      To Accounts payable  $32,000.00

(Being purchase of equipment is recorded)  

On April 8

Accounts payable Dr $3,500.00  

      To Inventory  $3,500.00

(Being purchase returns is recorded)  

On April 15

Accounts payable Dr $25,100.00 ($28,600- $3,500)  

      To Cash  $24,096.00

      To Inventory  $1,004.00 ($25,100 × 4%)

(Being payment to the supplier is recorded)  

5 0
3 years ago
A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered
Norma-Jean [14]

The interest rate offered on the bond is 11.94%.

<h3>What is the interest rate on the bond?</h3>

The interest rate of the bond can be determined by calculating the yield to maturity of the bond. The yield to maturity is the interest rate that equates the price of the bond to the future value of the bond.

The yield to maturity can be determined using a financial calculator:

  • Cash flow in year 0 = $-134
  • Cash flow in year 1 = $150

YTM = 11.94%

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8 0
2 years ago
The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

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3 0
2 years ago
An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
tatyana61 [14]

Answer:

266,2 units of capital per worker

Explanation:

The capital growth as stated is compound growth. Since technology and human capital are constant, there is not expected changed in productivity factors relationship, so the formula for compound growth, in this case, is: capital per worker in 3 years' time = capital per worker * (1+ annual rate growth) ^ 3. Computing numbers would be: capital per worker in 3 years' time = 200*(1+10)^3= 266,2

4 0
3 years ago
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