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Orlov [11]
3 years ago
12

Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club? Group of

answer choices Wilson paid $120 for an outside laundry service to clean the towels used at the club. Wilson paid $100 for the pest control exterminator to spray the health club. Wilson previously worked as an accountant, earning $3,000 a month.
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

Wilson previously worked as an accountant, earning $3,000 a month.

Explanation:

Implicit costs or opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.

In this case, Wilson had to quit his former job as an accountant in order to open his health club. So the salary that Wilson could have earned as an accountant would be the opportunity cost of opening his club.

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Two 20-year corporate bonds are issued at par, with stated interest rates of 10%. One issue is puttable at par in 5 years, while
True [87]

Answer:

b. The bond puttable in 10 years will depreciate more than the bond puttable in 5 years

Explanation:

Data provided in the question

20 -year corporate bond i.e issued at par at 10%

One issue is for 5 years

other issue is for 10 years

Now if the interest rate rise by 200 basis points

So,

Based on the above information

If a bond is issued at a future date, any price drop due to higher interest rates will be eliminated as the holder is able to return the bond to the issuer earlier

Hence, the option B is correct

8 0
3 years ago
You are better off consuming or producing an additional good or service if _____ .
PtichkaEL [24]
If the marginal benefit is greater than the marginal cost

The marginal benefit is the amount of satisfaction that you receive when you consume an additional goods or service, meanwhile the marginal cost is the amount of sacrifice that you need to do in order to get that additional good or service.

to put it simply, You better off consuming that additional product if the satisfaction that you get is worth the sacrifice that you make
6 0
3 years ago
Read 2 more answers
ken and sue are purchasing a home but are short on the down payment required by their lender. sue's mother offered to give them
aleksandrvk [35]

She is permitted, according to the applicable tax legislation, to donate $30 000.

This is further explained below.

<h3>How much can Sue's mother give under current tax laws?</h3>

In most cases, Sue's mother is able to pay Ken the first fifteen thousand dollars and then proceed to give Sue the remaining fifteen thousand dollars. Because Sue's mother gave this to her, there will be no tax placed on it because it is considered a gift.

The act or process of passing tax laws, as well as the body of laws that allow for the levying of taxes and the administration of taxes, are together referred to as tax legislation.

Any object or document that is verifiable and that is frequently accepted as payment for goods and services as well as the repayment of obligations, such as taxes, in a given nation or socio-economic setting is considered to be money in that nation.

In conclusion, Sue's mother and father could give Ken and Sue a gift of $15,000 each, bringing the total amount of money they give to each of them to a grand total of $60,000 each.

Read more about tax laws

brainly.com/question/802511

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5 0
2 years ago
Sally is a channel manager for the Carolina Bee Company, which offers bee
Yuliya22 [10]

Answer:

it might be B but I'm not sure

7 0
3 years ago
Because of a recent job promotion, Jo-Anne needed to find a place to live in the city quickly. She agreed to purchase via phone
muminat

Answer:

Of course Jo-Anne Roberts can keep the apartment.

Explanation:

Jo-Anne and the previous owner of the apartment had a valid contract by which Jo-Anne was to pay $3.7 million for the apartment. She has already partially completed her performance on the contract, so the seller must perform his part of the contract.

7 0
3 years ago
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