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ratelena [41]
4 years ago
9

Let's assume that your favorite musician (who sells platinum records and has sold-out concerts) is a great cook. He also makes s

plendid cakes and pies. He could sell the pies and cakes for $30 each. Why doesn't he spend his whole day baking and cooking?
Business
1 answer:
vladimir2022 [97]4 years ago
5 0

Answer:

Because the opportunity cost of baking pies will be too high and he can make a lot more from singing and signing record deals

Explanation:

You might be interested in
____ act as the export sales department for a manufacturer. Group of answer choices International freight forwarders Shippers as
Tomtit [17]

Answer:

Export management companies

Explanation:

Export management companies acst as the export sales department for a manufacturer.

Export management companies refers to firms that helps in the distribution of goods produced by other firm's in the international market. They export goods on behalf of other firm's.

Export management companies are independent companies that provides support services for other firms engaged in exporting. Services rendered by export management companies includes: insuring, billing, shipping, warehousing among others.

They also help to provide important information that will improve the quality of product to firms who hire them.

3 0
3 years ago
A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
slamgirl [31]

Answer:

The correct answer is <em>7 banking days from the date the document was accepted, rejected or withdrawn</em>.

Explanation:

A real estate agent is a natural person who is dedicated to providing mediation, advice and management services in real estate transactions related to: the sale, rental, exchange or transfer of real estate and their corresponding rights, including the constitution of these rights.

In each country, the activity is governed by a particular law, so far there is no law that regulates real estate issues worldwide, despite the fact that many real estate agents carry out transactions in countries other than their headquarters.

8 0
3 years ago
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is
Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

= $111,000

Now put these values to the above formula  

So, the value would equal to

= $180,000 - $111,000

= $69,000

7 0
3 years ago
Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in
german

Answer:

D. Limited partner

Explanation:

Limited partner -

It is one of the owner of a company or organization , where the liability of the firm's debt is not allowed to raise than the other investor of the company .

Limited partner is also known as silent partners .

The limited partner has very restricted voting rights on the business of the company , and even is not involved in the day - to - day activity of the business .

The role of the limited partner is to invests some amount of money for exchange of the shares in a partnership .

Hence , from the information of the question ,

Travis is a Limited partner in the given partnership .

6 0
4 years ago
A mortgage requires you to pay $70,000 at the end of each of the next eight years. The interest rate is 8%.
bazaltina [42]

Answer:

PV $402,264.7261

balance of the mortage

1-y from now   $364,445.9041

2-y from now   $323,601.5765

3-y from now  $279,489.7026

4-y from now  $231,848.8788

5-y from now $180,396.7891

6-y from now   $124,828.5322

7-y from now   $64,814.8148

Explanation:

We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 70,000.00

time 8

rate 0.08

70000 \times \frac{1-(1+0.08)^{-8} }{0.08} = PV\\

PV $402,264.7261

To know the value of the outstanding dbet we can repeat this formula changing the values for time

t = 7   $364,445.9041

t = 6   $323,601.5765

t = 5   $279,489.7026

t = 4   $231,848.8788

t = 3   $180,396.7891

t = 2   $124,828.5322

t = 1   $64,814.8148

8 0
3 years ago
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