1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anarel [89]
3 years ago
8

2. Working with Numbers and Graphs Q2 Kevin is a baseball player who earns $800,000 per year playing for team X. If he weren't p

laying baseball for team X, he would be playing baseball for team Y and earning $720,000 per year. If he weren't playing baseball at all, he would be working as an accountant earning $115,000 per year. Kevin’s economic rent as a baseball player playing for team X is $ . His economic rent as a baseball player is $ .
Business
1 answer:
ddd [48]3 years ago
4 0

Answer:

The economic profit will be of 80,000 as We have to discount the opportunity cost, which is the best alternative to each factor. In this case Kevins potential wages if not playing for team X would be team Y which is 720,000 therefore the economic gain for playing in team X is 80,000

Explanation:

You might be interested in
A blackboard used during a presentation would NOT be considered a visual aid<br><br> true<br> false
Tresset [83]

falsehbbguwknbh iigggvow jiw

5 0
3 years ago
Compare the company profit performance and financial position with the average for the industry
Lady bird [3.3K]

Answer:

what average for the industry

Explanation:

can i have a choise

6 0
2 years ago
Facing and resolving ethical dilemmas is challenging. However, ethical guidelines, combined with self-examination, can help you
ehidna [41]

Answer:

<em>The correct answer is:</em> How would you feel if your family or coworkers learned of your action?

Explanation:

The self-awareness exam will assist in facing and solving ethical dilemmas that a professional may face in the work environment. It is necessary for an organization to have well-established guidelines and policies that support ethical attitudes, in addition to a culture aimed at developing ethical attitudes regardless of the hierarchical position in the company.

Therefore, the question that could help a professional to make good ethical decisions would be: How would you feel if your family or co-workers knew about your action?

This would be the ideal question, since the family is the social structure most valued by individuals and it is in the family where one learns the first ethical values ​​that the person will bring to their social and professional life. Relationships with co-workers are also important in this scenario, since it is common for professionals to want to be well regarded and related in the work environment and to maintain a responsible and positive attitude towards collaboration with the company's organizational culture.

4 0
3 years ago
Jarvis is a coffee farmer who wants to hedge his entire coffee crop that will be harvested by September. The December coffee con
aleksandr82 [10.1K]

Answer: Sell four December coffee future contracts at $2.00 per pound

Explanation:

Based on the scenario in the question, the number of contracts that is required for hedging the entire crop will be gotten by dividing the total number of crops by the pounds that are available in one contract. This will be:

= 150,000/37,500

= 4 contracts

Therefore, the answer will be for Jarvis to sell four December coffee future contracts at $2.00 per pound

6 0
3 years ago
ABC Corporation distributes property to its sole shareholder, Andre. The property has a fair market value of $350,000, an adjust
saul85 [17]

Answer:

ABC has a gain of $145,000 and Andre's dividend income is $130,000

Explanation:

Property ABC issued, has the following:

fair market value = $350,000

Adjusted basis = $205,000

Liability = $220,000

Calculate ABC's Corporation gain:

Gain = market value - Adjusted basis

= $350,000 - $205,000

= $145,000

ABC has a gain of $145,000

Calculate Andre's dividend income since he is the sole shareholder:

Dividend earnings = fair market value - liability

= $350,000 - $220,000

= $130,000

Andre's dividend income is $130,000

Correct option is D.

With respect to distribution, ABC has a gain of $145,000 and Andre's dividend income is $130,000

8 0
3 years ago
Other questions:
  • Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of busi
    14·1 answer
  • The story of the Reset Button is an example of a noise caused by (select all that apply)
    12·1 answer
  • The LIFO cost flow assumption results in the most (distant/recent) costs being transferred to cost of goods sold. In times of ri
    9·1 answer
  • A large company produces paint and other home decorating products. Its goal is to choose the marketing channel arrangement that
    5·1 answer
  • Artur, who has a disability, is an employee of banquet &amp; event facilities &amp; services, inc. after the installation of new
    8·2 answers
  • "In a new margin account, a customer buys 1,000 shares of ABC stock at $40 per share. The stock rises to $45 during the next wee
    12·2 answers
  • Which of the following are three key advantages of mutual funds? Multiple Choice diversification, taxes, high initial investment
    8·1 answer
  • The best description of a strong leader is someone who?
    12·2 answers
  • Suppose you want to know how much a company owes others. Which standard financial statement would you use? Select one: a. Balanc
    5·1 answer
  • a high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!