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3 years ago

Economic cost can best be defined as_____________.

Business

1 answer:

Maksim231197 [3]3 years ago

8 0

Answer:

The correct answer is letter "C": the income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic costs represent payments to suppliers a firm makes to obtain and keep the services of a given resource. Besides, economic costs consider the benefits and costs of selecting one choice over another. Then, economic costs analyze the opportunity cost of choosing one resource for production compared to others.

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Which of the following is part of the generally accepted account of the 1822 conspiracy led by Denmark Vesey?A. His lieutenant w

Allushta [10]

Answer: D. Vesey had purchased his freedom after winning the lottery.

Explanation:

Denmark Vasey was a African American leader in the early 19th century who was born into slavery but was able to buy his freedom when he won a lottery.

In 1822, he was accused of a conspiracy to organize a slavery revolt that would have seen thousands of African Americans killing slave owners in South Carolina and then sailing to Haiti. They had him executed at the age of 55 for this alleged crime.

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3 years ago

Account A pays 13.8% interest per year. Account B pays 13.5% interest per year, compounded monthly. Account C pays 13% interest

alexandr1967 [171]

Answer:

1. Future value (FV) = $4,717

2. Future value (FV) = $5,189

3. Future value (FV) = $5,237

Explanation:

Requirement 1

Assume that the present value of the investment is $1,000.

We know, Compounding yearly,

FV = PV*(1 + i)^n

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + 0.138)^{12}$

or, FV = $1,000 × $1.138^{12}$

or, FV = $1,000 × 4.7174

Therefore, Future value (FV) = $4,717

Requirement 2

Again, Assume that the present value of the investment is $1,000.

We know, Compounding monthly,

FV = PV × $(1 + \frac{i}{m})^{m*n}$

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

compounding period (monthly), m = 12

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + \frac{0.138}{12})^{12*12}$

or, FV = $1,000 × $(1 + 0.0115)^{144}$

or, FV = $1,000 × $1.0115^{144}$

or, FV = $1,000 × 5.1890

Therefore, Future value (FV) = $5,189

Requirement 3

Again, Assume that the present value of the investment is $1,000.

We know, Compounding daily,

FV = PV × $(1 + \frac{i}{m})^{m*n}$

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

compounding period (daily), m = 365

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + \frac{0.138}{365})^{365*12}$

or, FV = $1,000 × $(1 + 0.000378)^{4,380}$

or, FV = $1,000 × $1.000378^{4380}$

or, FV = $1,000 × 5.2367

Therefore, Future value (FV) = $5,237

4 0

4 years ago

The Hernandez family budget is shown in the graph. A circle graph titled Family Budget. Housing is 23 percent, Food is 21 percen

trapecia [35]

Answer:

The answer is B

Explanation:

i took the test

7 0

3 years ago

Missy, a licensee, desperately wants to be appointed the next California Real Estate Commissioner. For the three years she has h

kompoz [17]

If Missy has never had her license suspended or revoked. No, Missy does not have a chance.

<h3>Whether Missy have a chance or not </h3>

Based on the point Missy is currently in her career she does not have a chance.

In order for her to be chosen or selected for to the post of a California Real Estate Commissioner by the governor, she must have possess a minimum of five years working experience as a real estate broker.

Therefore she does not have a chance.

Learn more about whether missy have a chance or not here:brainly.com/question/13370701

#SPJ1

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2 years ago

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up

sp2606 [1]

The correct answer is A) July 31st.

Orange County shows that the revenue was recognized on July 31st.

The other options of the question were B) August 1. C) August 5. D) August 6.

To be successful, a business needs good control and operation systems. Accounting is of the utmost importance when controlling the finances of a company. You have to keep your records straight. Your accountant needs to clearly understand when to record revenue in your book. So the accountant has to understand the general principles of accounting. According to the revenue recognition principle, revenue has to be recognized when they are realized, so you keep it in the book.

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3 years ago