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Vaselesa [24]
3 years ago
14

Pam runs a shoeshine stand at the airport. Pam has no skills, no job expereince, and no alternative employment. Entrepreneurs in

the shoeshine stand business earn $20,000 a year. Pam pays the rent of $2,500 a year, and her total revenue is $16,000 a year. She borrowed $700 at 15 percent a year to buy equipment. At the end of one year, Pam was offered $500 for her business and all its equipment.
Pam's explicit and implicit costs are ___ $
Business
1 answer:
xxMikexx [17]3 years ago
7 0

Answer:.

Explanation:

You might be interested in
Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years $8,130 $8,031 $8
Svetach [21]

Answer:

The answer is $8,030

Explanation:

Present Value (PV) = $5,000

Future Value(FV) = ?

Interest rate(r) = 7 percent

Number of years (N) = 7 years

The formula for future value is:

FV = PV(1+ r)^n

= $5,000(1+0.07)^7

$5,000(1.07)^7

$5,000 x 1.605781476

=$8,028.91

Approximately $8,030

Alternatively, we can use a Financial calculator:

N= 7; I/Y= 7, PV= -5,000 CPT FV= $8,028.91

Approximately $8,030

7 0
3 years ago
In deciding on a legal form of organization, you should ask yourself all of the following questions except______________
algol13

In deciding on a legal form of organization, you should ask yourself how many employees will you hire.

<h3>What is an organization?</h3>

An organization refers to an organized group of people with a particular purpose such as any business or government department.

When deciding on a legal form of organization, you should ask yourself all of the following questions except how many employees will you hire.

Therefore, C is the correct option.

Learn more about the organization here:

brainly.com/question/12825206

#SPJ1

5 0
2 years ago
The pay rates in the organization may not match the pay structure in the market when a company sets its pay rates based strictly
Grace [21]

There are discrepancies between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

<h3>What is a pay rate?</h3>

A pay rate can be defined as a measure of the amount of money that is being paid by a company to its employees (workers) per period of work or unit of production, which is usually on a hourly, weekly, or monthly basis.

In business management, discrepancies would generally exist between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

Read more on pay rate here: brainly.com/question/4443190

6 0
2 years ago
A portfolio is comprised of 100 shares of Stock A valued at $22 a share, 600 shares of Stock B valued at $17 each, 400 shares of
Dafna1 [17]

Answer:

.4792 or 47.92%

Explanation:

The computation of the weight of C is shown below:

But before that first determine the following things

For A is

= 100 × $22

= $2200

For B

= 600 × $17

= $10200

For C

= 400 × $46

= $18400

For D

= 200 × $38

= $7600

So,

Total = 38400

And, finally

weight of C is

= $18,400 ÷ $38,400

= .4792 or 47.92%

6 0
3 years ago
Clarifying the issues of a problem is the _____ step in the problem solving process.
solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

8 0
3 years ago
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