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
k0ka [10]
3 years ago
15

Zach has decided to start his own photography studio. To purchase the necessary equipment, Zach withdrew $10,000 from his saving

s account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business?
Business
1 answer:
Serga [27]3 years ago
3 0

Answer:

Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.        

Explanation:

opportunity cost = 3%($10,000) +8%($5,000)

                           = $300 + $400

                           = $700

Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.        

   

You might be interested in
Is the coffee market growing or shrinking and why
svetoff [14.1K]

In conclusion, the coffee market is currently experiencing considerable growth in economies around the world, with the rise in urbanization and the demand for quick, quality product fueling the expansion. The market is expected to continue to inflate in the next five years, leaving ample room for returns and profit
6 0
3 years ago
Which of these statements about reverse logistics is BEST? A. Reverse logistics systems are usually more cost-efficient than for
lord [1]

Answer:

A. Reverse logistics systems are usually less cost- efficient than forward-based systems.

Explanation:

Reverse logistics is linked to the reuse of goods and services for all activities, this includes the management and the sale of surplus. Reverse logistics is the distribution of purchased products back into the business in the reverse direction of business process flow.

Reverse logistics systems are usually less cost- efficient than forward-based systems. Reverse logisticsprovides companies with revenues and strategic benefits.

7 0
3 years ago
The short-run break-even price A) is the price at which the firm's current liabilities are paid off. B) is the price at which a
kkurt [141]

Answer:

B. is the price at which a firm's total revenues equal total costs

Explanation:

The short run in economics is a period of time in which one factor of production is fixed and others are varied. In the short run, the market is not fully in equilibrium. Break even is the point in which the total cost used in the course of production is equal to the total revenue earned from the products produced. In a break even scenario, there is no profit and there is no loss. At this point, firms are making normal rate of return on money invested and are able to settle all cost of production.

8 0
3 years ago
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants
inn [45]

Answer:

No

Explanation:

Tehe Overlapping tenure for the retiring and new physicians tends to increase the transfer of practice specific knowledge.  The profit sharing with the new physician increases her incentives to maximize profits but since the sale price is a multiple of the profits during this 3 year, the new physician has an incentive to shirk to keep the profits low. it would be better to use a multiple of profits from the period before she began this probation.

7 0
3 years ago
Hillside issues $2900000 of 9% 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. T
DaniilM [7]

Answer:

Dr. Cash                                                 $3,549,590

Cr. Premium on Account Receivable  $649,590

Cr. Bond Payable Account                   $2,900,000

Explanation:

The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.

Premium on the Bond =  Face value - Sale value = $3,549,590 - $2,900,000  = $649,590

The Premium will be amortized during the life of the bond  to maturity and deducted from the interest expense.

3 0
3 years ago
Other questions:
  • Basil wishes to start a landscaping company, selling plants and landscaping services to new residents of new england manor, a su
    5·2 answers
  • New e-commerce businesses, including companies like eBay, focus on voluntary exchange. Which generalization BEST describes this
    12·2 answers
  • Why do you earn more money using compound interest than you would using simple interest?
    5·1 answer
  • Puppy Woes. Sam promised to sell Linda a Welsh Corgi puppy for $300 but backed out of the deal. Linda sued Sam in state court fo
    14·2 answers
  • Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method
    8·1 answer
  • Calculate the price of a 5.2 % coupon bond with 18 years left to maturity and a market interest rate of 4.6 %.(Assume interest p
    5·1 answer
  • Look at the picture, which one is the correct answer?
    12·1 answer
  • Popular Company utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On Janu
    12·1 answer
  • Performance reports with more than one cost driver typically have more accurate variances than those based on one cost driver.
    15·1 answer
  • Each marketing function occurs _____ a product or service is developed and sold.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!