Answer: $45,600
Explanation:
The Implicit cost is the opportunity cost. In other words, it is cost that was incurred because a revenue opportunity was sacrificed.
Sam sacrificed his salary as a pilot, his interest payment and the building he could be renting out.
His total implicit cost is;
= 40,000 + (10,000 * 6%) + 5,000
= $45,600
It refereed to as breaking the glass cliff BECAUSE THE CHANCE OF ANY LEADER FALLING IN SUCH A POSITION IS HIGHER. The probability of falling and failing in an higher position during a crisis is very high and that is why it is described as 'breaking the glass cliff'. The glass cliff refers to the phenomenon of women been more likely to rise to positions of organisational leadership and to succeed in the position during crisis than in the time of peace.
Answer:
False
Explanation:
Given that
Credit balance of income summary account = $6,800
Debit balance of Withdrawals account = $2,900
Since the credit balance of income summary denotes the net income for the particular period and the debit balance of the withdrawn amount reflects that it is to be shown in the retained earning statement
The journal entry would be
Income summary A/c Dr $6,800
To Retained earning $6,800
(Being the difference is credited to retained earning)
Answer:
Using Contractionary monetary policy, the federal reserve increases Interest Rates to reduce the money supply in the economy.
<span> </span>The establishment was a loosely
knit coalition of those who controlled state policy in the days of one party
democratic politics in Texas such as the Anglo business and oil company
executives, lawyers, and bankers. Political
change in Texas and the nation eroded the conditions that fostered Democratic
dominance.<span />
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