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3 years ago

Which of the following is an implicit cost in Jim's business venture?

Business

1 answer:

lozanna [386]3 years ago

3 0

Answer:

D) i and iii

Explanation:

Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:

Salary forgone which should have been earned at another job, and
Interest lost from savings account.

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Objectives of financial reporting to external investors and creditors include preparing information about all of the following e

sveta [45]

Answer:

Information used to determine which products to produce

Explanation:

Determination of products whose production is not yet decided is a managerial issue, and it is part of internal information that should be not delivered to external parties. Furthermore, this data usually is not accurate, so sharing outside would not be even recommended for this sole reason.

3 0

3 years ago

FDA regulations aimed at ensuring that new drugs that are marketedâ€‹ do, inâ€‹ fact, have the functions they are supposed to ha

Deffense [45]

Answer:

D. Verification by each consumer would be extremely inefficient

Explanation:

The mission and importance of the FDA

Its sole purpose is to promote public health by the constant review of applications for new products. To protect public health acting swiftly that products are safe, effective, and has a good label. They are known for

protecting the public health by giving an assurance in terms of the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices etc. It aim to advance public health by helping to quicken innovations that make medicines and foods more effective, safer, and affordable etc

What does FDA regulate

They simply regulate the foods, dietary supplements, human drugs, vaccines, blood products, medical devices, electronic products, cosmetics etc

4 0

2 years ago

On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int

miv72 [106K]

Answer:

1.Dr Interest expense $8million

Cr Cash $8 million

2.Dr Interest expense $8 million

Cr Cash 8 million

3. Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

Explanation:

Preparation of Journal entries

1) June 30, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8million

Cr Cash $8 million

[($200 million * 8%) *6/12]

The reason why it was multipled with 6/12 was because the payments are half yearly.

2) Dec 31, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8 million

Cr Cash 8 million

[($200 million * 8%) *6/12]

3) Dec 31, 2021 Preparation of Fair value adjustment

Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

($200 million - $188 million)

3 0

3 years ago

What type of information is NOT found on a consumer's credit report?

tensa zangetsu [6.8K]

I think the answer is D. i’m not really sure but i’m sorry if it is wrong

6 0

2 years ago

The switch to the use of ethanol in gasoline is driven primarily by its relatively lower price. Assuming a competitive market, w

Nitella [24]

Answer:

Price falls, output rises

Explanation:

We know that the ethanol is used as an input in the production of gasoline. So, if the price of ethanol is lower then this will reduce the cost of production of gasoline. If the cost of production of ethanol is lower then this will give an incentive to the producers of gasoline to produce more and supply more.

This will shift the supply curve of gasoline rightwards, as a result there is a fall in the equilibrium price level and increase in the equilibrium quantity of gasoline.

5 0

3 years ago