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olga2289 [7]
3 years ago
12

Babak owns a sports practice facility called Boston Batting Cages in Boston, Massachusetts. During the first year of operation,

Boston Batting Cages incurred many costs. In that year, Babak spent $5,000 on labor, $2,000 on maintenance, and $1,000 on electricity. Babak took out a loan to open his business, in which he would have earned $1,500, and his previous job, which he could get back at any time, paid him $50,000.Boston Batting Cages incurred ________ in implicit costs.
a. $51,500
b. $9,500
c. $50,000
d. $8,000
e. $7,000
Business
1 answer:
lions [1.4K]3 years ago
7 0

Answer:

$8000

Explanation:

They have to pay $8,000 as an implicit costs.

The implicit expenditure is the advantage of the right to use the personal resources of a company that is not listed as actual, distinct expenditures.

 Computation of Implicit cost for the Boston Batting Cage :

Implicit cost = Labor + maintenance + electricity

= $5,000 + $2,000 + $1,000

= $,8000

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This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and
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Answer:

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Explanation:

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Which of the following identifies the portion of.people in the United States working in agribusiness
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Explanation:

7 0
3 years ago
A project has an initial cost of $31,800 and a market value of $29,600. What is the difference between these two values called
Kazeer [188]

Answer:

Net present value

Explanation:

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5 0
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Jane Dough Pizza's manager is now getting detailed costs for offering delivery service and needs to properly categorize them as
pashok25 [27]

Answer:

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variable costs.

fixed cost

variable costs.

fixed cost

Explanation:

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If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

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3 years ago
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