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
den301095 [7]
3 years ago
15

Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering

business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. Refer to Scenario 13-9. Ellie's annual economic costs will equal?A. $75,200. B. $55,200. C. $80,500. D. $135,700.
Business
1 answer:
jonny [76]3 years ago
3 0

Answer: Option D

Explanation: Economic cost is the total cost a firm bears in the form of expenses incurred and opportunity cost incurred. Opportunity cost can be defined as the loss of profit for choosing one alternative over other.

In the given case salary and interest on certificate of deposit is the opportunity cost for Ellie.

so,

Economic cost = $80,000 + $15000 + $3000 + $1000 + $1200 + $35,000 + $500

                       = $135,700

You might be interested in
82% of companies shop their products by truck. 47% of companies ship their product by rail 40% of companies shop by truck and ra
hram777 [196]

Answer: 0.89

Explanation: add the 82% and 47% then subtract the 40, answer is 89.

3 0
3 years ago
g Cathy Rogers deposits $200 in currency in her checking account at a bank. This deposit is treated as:
Step2247 [10]

Answer: 4) No change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits

Explanation:

The money supply refers to the total amount of money currently in circulation. In this instance it remains the same because no new money was introduced into the economy.

All that has happened is that Ms. Rogers took her $200 which was already in circulation and part of money supply and deposited it in her checking account. The money is therefore still in circulation, just not in immediate cash.

Money supply therefore remains the same.

4 0
3 years ago
_____ are the taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than que
Serggg [28]

Answer:

5. Basic underlying assumptions

Explanation:

Basic underlying assumptions represent the core and essence of culture which are too difficult to observe because they exist in unconscious levels and least observable part of a culture. They can be taken lightly but they have a great influence and form the key to understanding why things are they way they are.

8 0
3 years ago
A firm reports the following data:________.
ANEK [815]

Answer and Explanation:

The computation is shown below:

a. For Account receivable days is

= Total number of days in a year × account receivable balance ÷ Sales

= 365 days × $50,000 ÷ $445,000

= 41.01 days

b. For inventory days

= Total number of days in a year × inventory balance ÷ Cost of Goods sold

= 365 days × $50,000 ÷ $280,000

= 65.18 days

c. For Account payable days

= Total number of days in a year × account payable balance ÷ Cost of Goods sold

= 365 days × $42,000 ÷ $280,000

= 54.75 days

d. For a cash to cash days

= Account receivable days + inventory days - account payable days

= 41.01 + 65.18 + 54.75

= 51.44 days  

5 0
3 years ago
The capital asset pricing model (CAPM) is based on the premise that: Group of answer choices Neither systematic nor unsystematic
Dahasolnce [82]

Answer:

only systematic variability in cash flows is relevant.

Explanation:

A capital asset pricing model is a model that is used for determining  the theoretically appropriate required rate of return for an asset, and to make the decisions about the adding assets to a well-diversified portfolio. It is the relationship between the systematic risk and the expected return for the assets. It is based on the premises that the only systematic variability in the cash flows is very relevant.

8 0
3 years ago
Other questions:
  • During its most recent fiscal year, Raphael Enterprises sold 370,000 electric screwdrivers at a price of $20.10 each. Fixed cost
    15·1 answer
  • The initial stage in the consumer purchase decision process involves perceiving a difference between a person's ideal and actual
    11·1 answer
  • Which part of an I-statement involves a description of your needs or feelings? The _______ part of an I-statement involves a des
    7·1 answer
  • Consider the single factor APT. Portfolio A has a beta of 1.3 and an expected return of 21%. Portfolio B has a beta of .7 and an
    6·1 answer
  • Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from
    8·2 answers
  • Which of the following choices is a movement along the demand curve showing that a different quantity is purchased in response t
    11·1 answer
  • The Wiley Oakly Company has just gone public. Under a firm commitment agreement, Wiley received $21.39 for each of the 7.75 mill
    14·1 answer
  • An investment has the following payment structure: 1,000 payable in one year, 1,000 payable in two years, and 1,000 payable in t
    14·1 answer
  • construct a quadriteral PQRS, given that QR=4.5cm PS=5.5cm,RScm5cm and diagonalPR=5.5cmand diagonal SQ=7cm​
    14·1 answer
  • 2. Max z = 3X1 + 5X2+ 4X3 S.t.2X1 +3X2 ≤ 18 2X1 + X2 ≤ 10 3X1 + 2X+4X3 ≤ 15 X1, X2, X3 ≥ 0
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!