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
kipiarov [429]
3 years ago
11

Nick is working for an advertising firm making $60,000 per year but considers starting his own advertising company. Nick has det

ermined that to launch the business, he needs to invest $100,000 of his own funds. The annual cost of running the business will include $50,000 for the rent of the office space, $180,000 for employee wages, and $8,000 for materials and utilities. Nick plans to manage the business, which means that he will have to quit his current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.
Nick's total implicit cost per year is _____.
Nick's total cost per year is _____.
Business
1 answer:
adoni [48]3 years ago
4 0

Answer:

$66,000

$304,000

Explanation:

The computation is shown below:

Total implicit cost is

= Job left cost + forgone the return on investment

= $60,000 + $100,000 × 6%

= $60,000 + $6,000

= $66,000

And, the total cost is

= explicit cost + implicit cost

= $50,000 + $180,000 + $8,000 + $66,000

= $304,000

We simply applied the above formulas so that the correct values could come

You might be interested in
During the _____ stage of the product development process, a firm gears up for full-scale production, distribution, and promotio
earnstyle [38]
<span>Commercialization, is the stage in new product development, is the full introduction of a complete marketing strategy and the launch of the product for commercial success.After that only we can come to know whether the product is commercially successful or not.when the product is commercially successful one can go for full-scale production of the product.</span>
8 0
3 years ago
Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

                                                  TOTAL           733,000

6 0
3 years ago
Having done "21 for 21" shots, deanna barely remembers her 21st birthday. that is, her _____ memory is sketchy.
zysi [14]
The answer to this question is episodic memory
episodic memory refers to the recollection of personal experience that cames in the form of small fragment.
Alcool hevily affect our brain capability to form memory and it is normal for people who drank that amount of alcohol to experience memory loss/hindered upon the period leading to the drunk effect
8 0
3 years ago
Juanita has noticed that the price of bagels has gone up. Because of this, she has decided to buy a less expensive yogurt every
Monica [59]
I would say c, substitution effect as she is substituting a more expensive yogurt for a less expensive yogurt.
7 0
3 years ago
The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as f
VashaNatasha [74]

Answer:

Option A. Establishing a code of ethics

Option B. Providing support for whistleblowers

Option D. Referring ethical dilemmas to an ethics committee

Explanation:

Professor Quinn had chosen all of the options except providing ethics tainings for the employees because every employee have minimum ethics knowledge.

Having code of ethics builds a sense of better dealings in a work environment. It also triggers a sense of ethical values that an oganization wants to promote among its employees.

Providing support for whistleblowers help in identifying potential threats and risks associated with human resource and company assets. It also help in enfocing ethical values which can't be compromised.

Referring ethical dilemmas to the Ethics Committee will enable resolving of conflicts within an organization on a timely basis.

4 0
3 years ago
Other questions:
  • Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they
    11·1 answer
  • Another word for Interpersonal Communication is Question 2 options: a) face-to-face communication b) dyadic communication c) par
    14·1 answer
  • Marketers who want to assess what their customers think about their goods and services can collect data from blogs, social media
    15·2 answers
  • There are very few, if any, good substitutes for motor oil. therefore, the
    10·1 answer
  • Why is it important to empathize with your user?
    11·1 answer
  • The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w
    7·1 answer
  • Sillytime Park competes with Splash World by providing a variety of rides. Sillytime sells tickets at $ 60 per person as aâ one-
    11·1 answer
  • How can we make a village or locality as beautiful as sarangkot ​
    8·1 answer
  • The beginning inventory of BG Action Figures is understated by $7 million at December 31, 20x8. What is the effect on 20x8 cost
    10·1 answer
  • The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!