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Westkost [7]
4 years ago
9

Jessica Simpson has decided to open a small fast food place that specializes in Buffalo wings. To do so she must resign from her

current full time position which pays her $40,000/year and take over a small store-front building which she already owns but currently rents to her brother, Homer, for $6,000/year. Her annual expenses at the restaurant will be $50,000 for the food and $2,000 for gas and electricity. What are her explicit costs
Business
1 answer:
Kitty [74]4 years ago
6 0

Answer:

$52,000

Explanation:

Explicit cost is the cost she incurs while setting up her resutrant.

=$50,000 + $2000 = $52,000

Her implicit cost or opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is what she would have been earning if she didn't leave her job.

I hope my answer helps you

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A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payabl
Oduvanchick [21]

Answer:

The correct option is C. $704,000

Explanation:

The computation of total cash payments is shown below:

= Cost of goods sold - net effect of inventory balance - net effect of accounts payable balance

where,

Net effect of inventory balance = Opening inventory balance - Ending inventory balance

= $200,000 - $188,000

= $12,000

Net effect of inventory balance = Ending accounts payable balance - opening accounts payable balance

= $84,000 - $80,000

= 4,000

So, the cash payment is equals to

= $720,000 - $12,000 - $4,000

= $704,000

Hence, the correct option is C. $704,000

5 0
3 years ago
Which of the following is TRUE regarding investment intermediaries? Group of answer choices Insurance companies can be both "buy
pogonyaev

Answer:

A diversified portfolio of securities offers lower risk than a portfolio with investments that are concentrated in a few stocks or industries TRUE, A DIVERSIFIED PORTFOLIO WILL REDUCE RISK THROUGH DIVERSIFICATION, WHILE CONCENTRATION OF A FEW STOCKS INCREASES RISK.  

the other statements are false:

  • Insurance companies can be both "buy side" and "sell side" institutions. FALSE
  • Investment banks fund their assets primarily by selling shares FALSE
  • Commercial banks intermediate between Investors and Markets FALSE
  • Investment banks have higher assets under management than Mutual Funds FALSE

7 0
4 years ago
The following is the sales budget for Coore, Inc., for the first quarter of 2019: JanuaryFebruaryMarch Sales budget$135,000$152,
ivann1987 [24]

Answer: See explanation

Explanation:

a. . Compute the sales for November.

This will be:

= ($96,000 - $78,800) / 10%

= $17200 / 10%

= $17200/0.1

= $172,000

b. Compute the sales for December.

This will be:

= $78800 / (10% + 30%)

= $78800 / 40%

= $78800 / 0.4

= $197000

c. Compute the cash collections from sales for each month from January through March.

January cash collection:

= ($172000 × 10%) + ($197000 × 30%) + ($135000 × 60%)

= $17200 + $59100 + $81000

= $157300

February cash collection:

= ($197000 × 10%) + ($135000 × 30%) + ($152000 × 60%)

= $19700 + $40500 + $91200

= $151400

March cash collection:

= ($135000 × 10%) + ($152000 × 30%) + ($167000 × 60%)

= $13500 + $45600 + $100200

= $159300

8 0
3 years ago
Which of the following is one of the top three mistakes in website design?
Crazy boy [7]

Answer:

A or D

Explanation:

I mean all of them are very valid reasons in website design but one of the reasons why most people avoid sites is either because there's too much clutter in either wording OR visuals

4 0
3 years ago
Read 2 more answers
Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound
iris [78.8K]

Answer:

Casey can buy 50 pound of fish and 30 pounds of shrimp.

Explanation:

you divide 150 by 3 and you get 50. For shrimp you divide 150 by 5 and you get 30.

7 0
4 years ago
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