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mylen [45]
3 years ago
12

A friend offers you a Coke, a Dr. Pepper, or a 7-Up. You don't like Coke, so after some thought, you take the Dr. Pepper. What i

s the opportunity cost of your choice?
Business
1 answer:
Leokris [45]3 years ago
4 0
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
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What term best describes the borrower who is personally liable for a debt obligation related to the purchase of a home?.
Firlakuza [10]

It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.

<h3>What is a recourse loan?</h3>

It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.

In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.

Learn more about loan on:

brainly.com/question/1348326

7 0
2 years ago
In order to finance The Shortbread Shack, a mobile bakery business that services several large Silicon Valley companies, Marcy d
vaieri [72.5K]

Answer:

her business plan document

Explanation:

A crucial criteria to receive funding from banks is to have a detailed business plan document.

This document would explain Mercy' mobile bakery business:

1. financial needs and viability,

2. marketing strategy,

3. Competitor analysis,

4. Service process etc

The bank has the responsibility of analysing this document and then making a decision whether to grant her funds.

4 0
3 years ago
When bonds are issued at their face amount, the journal entry will include a __________ to __________.
Eva8 [605]
D. Credit; bonds payable
3 0
2 years ago
In 2020, Mowchan Inc. acquired Sanchez Co. and recorded goodwill of $290 million as a result. The net assets (including goodwill
Stels [109]

Answer:

$170 million

Explanation:

First we must calculate the implied fair value of goodwill:

fair value of goodwill = Sanchez's fair value - Sanchez's asset valuation = $1,020 million - $900 million = $120 million

impairment loss = recorded goodwill - fair value of goodwill = $290 million - $120 million = $170 million

An impairment loss is a loss generated by the decline of an asset's fair value.

3 0
3 years ago
These are the four stages of the business cycle:
Brut [27]

Answer:

IT'S D

Explanation:

ON EDGE2020

7 0
3 years ago
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