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VladimirAG [237]
3 years ago
8

Jacques lives in Denver and runs a business that sells guitars. In an average year, he receives $731,000 from selling guitars. O

f this sales revenue, he must pay the manufacturer a wholesale cost of $431,000; he also pays wages and utility bills totaling $259,000. He owns his showroom; if he chooses to rent it out, he will receive $8,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Jacques does not operate this guitar business, he can work as an accountant, receive an annual salary of $30,000 with no additional monetary costs, and rent out his showroom at the $8,000 per year rate. No other costs are incurred in running this guitar business.
The rental income Jacques could receive if he chose to rent out his showroom_______.
Business
1 answer:
Lesechka [4]3 years ago
7 0

Answer:

Implicit cost

Explanation:

The rental income Jacques could receive if he chose to rent out his showroom instead of using the showroom for the operation of his guitar business will be classified as an<em> Implicit cost .</em>

<em>An implicit cost in business is a cost that results from the lost opportunity of not using a company's/business own resources excluding cash resources</em>. they are also seen as economic gain/profits sacrificed for not using the company's resources.

Jacques could use the showroom but when he decides to rent it out it becomes an implicit cost even though the rent generates revenue for him.

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Cyclically balanced budget

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A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock
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$1 par value

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Hence, the par value of its stock after the split is $1 par value

We simply divide the balance by the number of outsanding shares so that the par value could come

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3 years ago
The fact that business customers purchase products to be used directly or indirectly in the production of goods and services to
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The correct answer is C

Explanation:

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8 0
3 years ago
what is the best definition of the capability of a process? select one: a. how well the input of a process satisfies the custome
anzhelika [568]

Correct option is A. The best definition of the capability of a process is how well the input of a process satisfies the customer of the process.

<h3>What is the purpose of process capability analysis?</h3>

To determine how well a certain process complies with a set of specification restrictions, a set of techniques called process capability analysis is utilized. In other words, it assesses the effectiveness of a procedure.

In actuality, it compares the distribution of sample values—representing the output of the process—against the specification limits, or the upper and lower bounds of what we aim to achieve. It may also be compared to a specification target.

Process capacity indices are frequently used to describe a process's capabilities. Depending on your analytical needs, you could calculate one or more of the several process capability indices. However, in order to compute any process capacity indices, you must first presume that your process is stable.

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4 0
10 months ago
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
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1. 8%

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1) Computation for the margin

Using this formula

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4 0
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