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
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

You might be interested in
_____ oversee the activities of first-line managers.
natta225 [31]
<span>Mid-level managers oversee the activities of first-line managers. Mid-level managers are responsible for their department and report to top management. Mid-level managers must make sure that resources are allocated correctly and must invest money in training and development, materials, supplies and technology. They communicate the goals and strategies to first-line managers.</span>
6 0
3 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

7 0
3 years ago
According to the law of increasing opportunity cost,
Alenkinab [10]

Answer:

The correct answer is a. production points outside the production possibility frontier are unattainable

Explanation:

Production possibility frontier graph is attached.

The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to  reach a point outside the frontier, there are not enough resources.

Download xlsx
7 0
4 years ago
Feedback is important in improving your performance, and we should solicit feedback, and not just wait until someone provides us
Serhud [2]

Answer:

The given statement is "True".

Explanation:

  • Feedback would be a significant aspect in improving the accomplishment or organization's success.
  • Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.

Thus the above is the correct answer.

8 0
3 years ago
Which of the follow will happen if you miss a monthly credit card payment?
lorasvet [3.4K]
After missing<span> a </span>payment<span>, </span>you<span>'ll likely see two charges: A late fee, usually between $25 and $35, and interest on the balance. </span>If<span> the </span>missed payment<span> was an accident,</span>you<span> may want to call your issuer and explain that the </span>missed payment<span> was an accident, it won't </span>happen<span> again and </span>you<span>'ve already made a </span>payment<span>.
                                      Have a wonderful day !!!!!! :) </span>
7 0
3 years ago
Other questions:
  • annual property taxes are $1,776. the previous year's taxes are paid. if the closing is one May 1, what is the seller's portion
    5·1 answer
  • The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and ha
    7·1 answer
  • Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia
    13·1 answer
  • Automatic stabilizers create ________ during recessions from increased government spending on welfare and unemployment insurance
    10·1 answer
  • Given the following information, what is Macy’s market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per
    11·1 answer
  • Give two reasons why value of norminal GDP would increase ​
    6·1 answer
  • Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate
    11·1 answer
  • The race to the bottom scenario of global environmental degradation is explained roughly like this:
    13·2 answers
  • MCZ, Inc. is a corporation that was incorporated under the laws of the State of New Jersey. MCZ, Inc. has only one office which
    9·1 answer
  • You have just purchased a new DVD player to show videos to your customers. The DVD player costs $500, and you depreciate the mac
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!