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
victus00 [196]
3 years ago
9

Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00

0 from his savings account, which was earning 3% interest, and borrowed an additional $2,000 from the bank at an interest rate of 7%. What is Kelly's annual opportunity cost of the financial capital that has been invested in the business?
Business
1 answer:
vova2212 [387]3 years ago
3 0

Answer:

The total opportunity cost of investing in the business  is explained below:

Explanation:

Opportunity cost is also known as alternative cost, the cost incurred from giving up one benefit for an alternative. Kelly withdrew 1000$ from his account, which was giving him a 3% profit annually, and the total opportunity cost of withdrawing 1000$ is  30$ annually. Similarly, he withdrew another 2000$ at 7% interest rate that is 140$which he has to pay annually.

30$ + 140$ =170$

The total annual opportunity cost is 170$

You might be interested in
The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020: Debit Credit Account
Ronch [10]

Answer:

$52,710

Explanation:

Calculation for allowance for uncollectible accounts credit balance

Using this formula

Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable

Let plug in the formula

Allowance for uncollectible accounts credit balance=7%* $753,000

Allowance for uncollectible accounts credit balance=$52,710

Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710

7 0
3 years ago
Accounting: A. measures business activities. B. is often called the language of business. C. processes data into reports and com
Anvisha [2.4K]

Answer: Is all of the above.

Explanation:

Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

7 0
3 years ago
Item 25 In marketing, each __________ consists of people who are relatively similar to each other in terms of their consumption
kifflom [539]

Answer:

market segment.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

In marketing, each market segment comprises of people (consumers) who are relatively similar to each other in terms of their consumption behavior and preference or choice with respect to goods and services.

3 0
3 years ago
¿Cuál es el principal enfoque en Administración?
Sliva [168]

Answer:

En la actualidad existen diversos enfoques teóricos de la administración, entre los cuales se encuentran:la teoría científica de la administración la teoría clásica de la administración la teoría de Las relations humanas la teoría científica del comportamiento , la teoría de Los sistema, la teoría burocrática

5 0
3 years ago
The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
Papessa [141]

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

4 0
3 years ago
Other questions:
  • At the end of the year, assume the balance of Inventory is $109,225 and physical inventory on hand is $106,320. The adjusting jo
    5·1 answer
  • Rosewood Company made a loan of $16,000 to one of the company's employees on April 1, 2020. The one-year note carried a 6% rate
    8·2 answers
  • Anchor Co. owns 40% of Main Co.'s common stock outstanding and 75% of Main's noncumulative preferred stock outstanding. Anchor e
    9·1 answer
  • A project costing $218,000 has equal annual cash inflows over its 7-year life. If the discounted payback period is seven years a
    12·1 answer
  • "In the supplier search stage of the B2B buying process, _____ selling plays a major role in providing helpful information to th
    5·2 answers
  • The systematic study and application of knowledge about how individuals and groups act within the organizations where they work
    13·1 answer
  • Why does an excise tax on gasoline exist? Check all that apply.
    7·1 answer
  • Below is the income statement for Sun Devil Company for the year ending December 31, 20x2: Sales (net) $500,000 Cost of Goods So
    5·1 answer
  • Rojas Corporation’s comparative balance sheets are presented below.
    15·1 answer
  • Analyze the role individual team members and leaders play in ensuring or detracting from team success. In the analysis, consider
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!