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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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Answer:

a. current tax rate or future tax rates, depending on when the temporary difference will reverse.

Explanation:

Deferred Tax is not payable to tax Authority it is only a book entry used by Accountants to match Income taxes payable in terms of Income Act and Income taxes expected to be presented to users in financial Statements.

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ppreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC's reported earnings (from the consolidated incom
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Decrease or fall, Purchasing

Explanation:

Appreciation is the term which is defined as the increase in the currency value relative to the another currency, which could be exchanged for a huge amount of foreign currency.

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3 years ago
2-1.3 Which of the following statements about data storage is (are) true? A chart of accounts is a list of the numbers assigned
monitta

Answer:

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Explanation:

A chart of accounts contains a list of all the numbers assigned to balance sheet and income statement accounts. The account numbers allow transaction data to be coded, classified, and entered into the proper accounts.

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