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ale4655 [162]
2 years ago
9

Suppose a person quits a job earning ​$40,000 per year and starts a business with ​$90,000 withdrawn from a​ money-market accoun

t earning 15% per year. The implicit cost of the business is ​_____ nothing for the​ entrepreneur's time plus ​____ nothing for the​ entrepreneur's funds ​(enter your response as an ​integer).
Business
1 answer:
weeeeeb [17]2 years ago
4 0

Answer:

The correct answers are $40,000 and $13,500

Explanation:

The implicit cost of the business is ​$40,000 nothing for the​ entrepreneur's time plus $​13,500 nothing for the​ entrepreneur's funds ​(enter your response as an ​integer)

The implicit cost indicates the cost of an asset rather than selling it or renting it out. In other words, the company has to give up by deciding not to exploit an asset. For this case $40,000

For the other line

15% = 0.15

$90,000 x 15% = $13,500

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Suppose that you observe a market with four firms, each with about 25% market share. What does it suggest about the following at
emmasim [6.3K]

level of differentiation across the firm's offerings

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<u>Explanation:</u>

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3 years ago
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Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the S
Neko [114]

Complete/Correct Question:

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Cheers.

7 0
3 years ago
A loss on disposal of a plant asset is reported in the financial statements as a direct increase to the capital account on the b
luda_lava [24]

Answer:

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therefore,

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