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kifflom [539]
3 years ago
8

"Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busine

ss. The savings account paid 2% interest. What is Bubba's annual opportunity cost of the financial capital that he invested in his business
Business
1 answer:
Katyanochek1 [597]3 years ago
5 0

Options:

A. $20

B. $200

C. $40

D. $400

Answer:C. $40

Explanation: Opportunity cost is a term used in Economics to describe the value of the next most profitable alternative of this an investor puts his or her resources into,in this case the opportunity cost for Bubba is the percentage of the interest which Bubba earned from the interest.

Opportunity cost for Bubba can be calculated as follows

(2%/100)* $2,000=$40.

Opportunity cost helps economists to ensure that resources are effectively put to use.

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The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not
ololo11 [35]

Explanation:

The preparation of bank reconciliation is presented below:

                                        Crane Company

                          Bank reconciliation statement  

                                        July 31, 2022

Particulars                    Amount   Particulars                     Amount

Bank cash balance     $9,222   Company cash balance  $9,328

Deposits in transit       $3,763   Collections                       $2,120

Less: Outstanding                      Less: service fee            -$53

Check                          -$1,590

Bank balance                                   Company balance

After reconciliation    $11,395      After reconciliation  $11,395

4 0
3 years ago
What broadway play holds the record for highest single-week sales?
Ghella [55]
To kill a mocking bird
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3 years ago
John and his wife Martha get a divorce. Per the divorce settlement contract, Martha agrees to pay John alimony in the amount of
OleMash [197]

Answer:

c) the condition subsequent has occurred;

Explanation:

Since in the question it is given that the John and his wife Martha get a divorce and according to the  divorce settlement contract she agrees to pay the alimony to John for $5,000 per month for his lifetime or until that time when he should remarry

If John remarries after three years, so the alimony benefits is ceased because the subsequent condition has occurred due to which he will not get the amount further in the future

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A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of th
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3 0
3 years ago
Pls help me!! And thank you so much
marshall27 [118]
The answer will be C

i hope this helps
3 0
3 years ago
Read 2 more answers
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