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Bess [88]
3 years ago
14

Jing is considering starting a new business selling organic groceries. It would cost her $350,000 a year to rent store space and

buy the groceries from a wholesaler, and she would have to quit her current job and give up a $70,000 annual salary. a. What is Jing's opportunity cost of starting the business? b. If Jing can make an accounting profit of $50,000 a year selling the organic groceries, should she start the business?
Business
1 answer:
Ahat [919]3 years ago
3 0

Answer: A. $70,000

No

Explanation:

Opportunity cost is the cost of forgone opportunity. It is what Jing would have earned ($70000) if she didn't start her business.

Even though Jing is making an accounting profit, her economic profit is negative,$-20,000.

Economic profit = Accounting profit - Opportunity cost

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... During a strong storm, Missy’s grain drill was mangled by a tornado, which rendered it useless. Before the damage, the grain
Nadusha1986 [10]

Answer:

$40,000

Explanation:

Since Missy's policy had a replacement cost endorsement, her insurer must pay for a replacement grain drill even if its cost is higher than the policy's limit.

Replacement cost insurance is generally better than cash cost insurance because most equipment, buildings (including houses) and vehicles tend to depreciate, and their replacement cost is generally higher than their cash value.

3 0
3 years ago
Suppose that Abdul opens a coffee shop. He receives a loan from a bank for $100,000. He withdraws $50,000 from his personal savi
yawa3891 [41]

Answer:

d. $1,000

Explanation:

Implicit cost is the cost which has been incurred, and cannot be avoided. It is best described as an opportunity cost that has been foregone, here the funds have been borrowed specially for coffee shop. Interest expense of $8,000 is the cost for such borrowing, also the amount withdrawn from savings account have been used for coffee shop but the interest income foregone is the opportunity cost = $50,000.00 \times 2% = $1,000 is implicit cost.

Therefore, correct option is d. $1,000

6 0
3 years ago
When preparing for an emergency bioterrorism drill, the nurse instructs the drill volunteers that each biological agent requires
Oksanka [162]

Answer: Smallpox spreads rapidly and requires immediate isolation.

Explanation:

Smallpox is a highly contagious disease that can be fatal. Its symptoms are the appearance of pustules throughout the body, fever, headache, and body, among others.

The virus has an incubation period in which it is not contagious, but when pustules appear it is very contagious. The virus is spread by contact with sick patients through bodily fluids, contaminated items, and contaminated air under certain conditions.

Because the virus has a very high contagion rate, and there is no cure, in case a biochemical attack with the use of the smallpox virus, the safety protocol is to quickly isolate people who were exposed to prevent the virus from spreading.

<em>I hope this information can help you</em>

6 0
3 years ago
Claire is severely injured in a car accident. The local hospital cannot treat Claire’s injuries. In order to survive, Claire mus
mote1985 [20]

Does it matter that the helicopter company <em>performed its obligation</em> under the contract?

  • Yes, it does matter because they had a legally binding agreement.

<h3>What is a Contractual Agreement?</h3>

This refers to the legally binding document which two parties attest their signature to about an agreement for a particular thing with the terms clearly stated.

With this in mind, we can see that Claire who was involved in a car accident needs to go to a hospital in another state for better treatment for her injuries and she signs a contractual agreement that she would pay for the helicopter expenses.

In light of this, the argument which Claire can make to rescind the agreement is that her life was in danger and she needed the services of the helicopter company which had her Universal Right to Life.

Read more about contractual agreements here:
brainly.com/question/984979

3 0
3 years ago
Charity organisation has asked you to raise money for it by running a fete The organiser has given you a maximum amount to spend
Ahat [919]

Answer:

Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.

Explanation:

Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.

5 0
3 years ago
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