Answer:
$4,000
Explanation:
Implicit cost is the cost which is an income foregone internally, that is not the exact opportunity cost, here opportunity cost is salary foregone, that is $60,000.
But implicit cost would be $4,000 if the financial assets are now used in business, and are not left as they are.
Implicit cost is internally generated opportunity cost.
Since here he outlays, $8,000 let us say these were used earlier as financial assets to generate revenue, now $4,000 would be considered as implicit cost, that is earlier generated revenue from internal funds.
Final Answer
$4,000
Property rights are: b. The right that individuals or firms have to buy or sell their property, and the exclusive use of their property
These properties can either be owned by the government, an organization or an individual. The right to property has four properties or rights:
Good’s usage
Make money from the goods
Sell the good to others
Property rights administration
Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.
Collections of stocks and bonds that are traded on securities exchanges but themselves are traded more like individual stocks than mutual funds?
The correct answer is an exchange-traded fund (ETF)
<h3>
What are exchange-traded funds?</h3>
ETFs, or "Exchange Traded Funds," as the name implies, are funds that trade in exchange-traded funds and typically track a particular index. Investing in ETFs gives you a bundle of assets that you can buy and sell during market hours. It has the potential to reduce risk and exposure while helping to diversify the portfolio.
ETFs have several advantages over traditional open-ended funds. The four main benefits are transaction flexibility, portfolio diversification and risk management, low cost, and tax benefits.
Learn more about securities exchanges here
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Answer:
Bank A/c Dr $63,000
To Notes Payable $63,000
(Being the issuance of the installment note for cash is recorded)
Explanation:
The journal entry is shown below:
Bank A/c Dr $63,000
To Notes Payable $63,000
(Being the issuance of the installment note for cash is recorded)
For recording this transaction, we debited the bank account as it increased the assets account and at the same time it decreased the liabilities so the notes payable is credited
