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
Rom4ik [11]
3 years ago
9

A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a yea

r, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000, for food and $2,000 for gas and electricity. What is the sum of his implicit costs
Business
1 answer:
iren [92.7K]3 years ago
8 0

Answer:

$52,000 is the correct answer.

Explanation:

You might be interested in
Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

  • Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
  • A natural monopoly exists when average costs continuously fall as the firm gets larger.
  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

Learn more about this here:

brainly.com/question/5372062

#SPJ4

6 0
2 years ago
Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
Nata [24]

Answer:

6.25%

Explanation:

The formula for calculating interest rate is as follows

I= P x R x T

Where

I= interest,  P= principal amount, T is time

in this case: I= $60.94, P=$975, T=1 year

Therefore:

$60.94 = $975 x( r/100) x 1

$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.

6094=975r

r = 6094/ 975

r = 6.2502

interest rate = 6.25%

8 0
3 years ago
Studying business ethics will not necessarily
Serga [27]

Business ethics will never tell you exactly what to do in all decisions. The study of business ethics is designed to help you understand the importance of your decisions, inform you of impacts, describe the ethical decision-making process, and help you recognize ethical issues, but it will not tell you what to do. It will simply give you the tools necessary to make a decision.

7 0
3 years ago
Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred
masya89 [10]

Answer:

The answer is given below;

Explanation:

 Preference stocks  950*50    Dr.$47,500

 Paid in capital in excess of par-preference shares  Dr.$  13,300                                  

 (64-50)*950

  Common Stocks  1,900*10        Cr.$19,000

  Paid in capital in excess of par-common stocks    Cr.$41,800

   (64*950)-(1900*10)                                        

8 0
3 years ago
Can someone buy me an iphone... i rlly need it (IT DOESNT MATTER WHICH KIND OF IPHONE !!!!!!!)
jok3333 [9.3K]

Answer:

I cant

Explanation:

IM A KID I WANT ONE TOOOOO!!!!

5 0
2 years ago
Read 2 more answers
Other questions:
  • Michelle buys a bond for $5,000. every year that she holds the bond, she'll receive interest payments of $250. the interest rate
    10·1 answer
  • Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero. If the sum of t
    9·1 answer
  • What are the features of a corporation? The chief distinguishing factor of a corporation is its . An investor who purchases stoc
    6·2 answers
  • Spot Co. purchases office supplies from Sally Supplies, Inc.. Spot does not pay cash for the purchase, and now owes the amount t
    13·1 answer
  • Papa Roach Exterminators, Inc., has sales of $659,000, costs of $345,000, depreciation expense of $45,000, interest expense of $
    14·1 answer
  • Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays annual compound interest, and you do not wit
    7·2 answers
  • Janice is spending the summer working as an intern writing copy for a local firm. Today Janice's senior editor sent back some of
    12·1 answer
  • Borland, Inc. issues 25-year semi-annual bonds that have a face value of $1,000 and a coupon rate of 7.5%. The current market pr
    14·1 answer
  • g Lawson Manufacturing Company has the following account balances at year end: Office supplies $ 4,000 Raw materials 27,000 Work
    6·1 answer
  • the risk of online sales in b-2-b settings is that online sales undermine long-term relationships between business partners. gro
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!