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
Assume the plum corporation has two different issues of common stock. one issue carries voting rights, and the other issue does
Alchen [17]

Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.

A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders. Scholars talk about the 'shareholder-first norm' and many talks about the role of corporate leaders as 'shareholders'. Wealth maximization”. Even seemingly selfless entrepreneurial actions B. charitable donations are considered legitimate.

Learn more about Corporation  here

brainly.com/question/1918077

#SPJ4

6 0
1 year ago
John manufactures household furniture. His start-up costs, including tools, plans, and advertising, total \$5000$5000dollar sign
scZoUnD [109]

Answer:

$5,000 + $350f

Explanation:

The computation of the production cost in dollars is shown

Here we use the equation form

The start up cost is $5,000

Labor, material cost $350

Now if he makes f pieces of furniture so, his production cost would be

= Startup cost + labor, material cost

= $5,000 + $350f

Hence, this is the answer and the same is to be provided

8 0
3 years ago
An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.
Scrat [10]

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.  

It is a cheaper method as compare to cancel the shares plus issuing them

6 0
3 years ago
Rivalry-related competitive pressures are being intensified by the efforts of rivals to expand their product lines and offer wid
VARVARA [1.3K]

Answer:

True

Explanation:

The pressure that are competitive are considered to be intensified via the competitors efforts in order to diversify the product lines and the other things at the wider area that wore the performance based yoga and the apparel related to the fitness

So as per the given statement, the statement is true

hence, the option a is correct

8 0
3 years ago
Coronado Industries had 293000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued du
Gnesinka [82]

Answer:

$3.72

Explanation:

earnings per common share = earning attributable to holder of common stock ÷ weighted average number of common stocks outstanding

therefore,

earnings per common share = $3.72

5 0
2 years ago
Other questions:
  • The mandatory leadership-training seminar had just been concluded. All of the newly promoted managers at Marc’s Music, Inc. had
    7·1 answer
  • Bobby's farm is always subject to the weather. A bad storm or drought can devastate his crop. What type of risk does Bobby's bus
    11·1 answer
  • a. Inventory, Beginning 300 $ 12 For the year: b. Purchase, April 11 900 10 c. Purchase, June 1 800 13 d. Sale, May 1 (sold for
    15·1 answer
  • The organizers of a local music and arts festival approach the management of Ocelot Juice Bar, a popular business near the festi
    5·1 answer
  • A U.S. firm opens a factory that produces power tools in Korea.
    7·1 answer
  • Which of the following statements is CORRECT? a. If two firms differ only in their use of debt—i.e., they have identical assets,
    10·1 answer
  • True or False: A real option embedded in a capital project gives the investing firm the right but not the obligation to buy, sel
    8·2 answers
  • A heavy construction firm has been awarded a contract to build a large concrete dam. It is expected that a total of 8 years will
    9·1 answer
  • The equilibrium wage for low-skilled workers is a government-imposed minimum wage, the ____ will be the resulting surplus of low
    15·1 answer
  • 4. _______ are the fastest growing segment of today's workforce. They are optimistic, inventive and individualistic; they seek a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!