<span>His accounting costs will be explicit costs - the cost to buy the corn, the cost to maintain the land, to maintain the crops, harvest the crops, to transport them to the market. Economic costs include the implicit costs - the rent that Mr. Jernigan could be earning if he rented the land to another farmer, and is not earning now.</span>
Answer:
Job description
Explanation:
A job description is defined as a written document that enumerates the duties that is expected from someone occupying a particular position.
Job description gives an employee a guide on how to effectively meet up with performance requirements in a position, since all key performance activities are enumerated.
Skills needed to succeed on the job can also be communicated in the job description.
In this scenario where Sylvia is referring to a statement of all the things a worker actually does and how he or she does them, is essential in helping workers understand what their job entails and how they can have the most impact on their performance. She is describing a job description.
Answer: SEE EXPLANATION
Explanation:
Given the following ;
Values depending on Success
$150M, $135M, $95M, $80M
Risk free rate = 5% = 0.05
Pervebtage to be lost in case of bankruptcy = 25% = 0.25
A.) 0.25 × [( 150 + 135 + 95 + 80) ÷ 1.05] = $109.52 million
Assume a zero-coupon debt with a $100million face value
B.) 0.25 × [( 100 + 100 + (95×0.75) + (80×0.75)) ÷ 1.05] = $78.87 million
C.) Yield to maturity (YTM)
(100M÷78.87M) - 1
1.2679 - 1 = 0.2679 = 26.79%
Expected return = 5%
D.) Equity value
0.25 × [( 150 + 135 + (95×0.75) + (80×0.75)) ÷ 1.05] = $99.11 million
E.) share if no debt is issued
109.52 ÷ 10 = 10.95 per share
F.) Share price if debt of $100M is issued
99.11 ÷ 10 = 9.91 per share
The price differs because bankruptcy cost will Lower the share price.
Answer:
c. higher; lower
A. Abe; bass
Explanation:
The opportunity cost of catching a pound of bass is higuer for Abe than for David, and the opportunity cost of picking a pound of cherries is lower for Abe than for David.
So Abe has a comparative advantage in producing bass.