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yaroslaw [1]
3 years ago
5

Your aunt is thinking about opening a hardware store. She estimates that it would cost $600,000 per year to rent the location an

d buy the stock. In addition, she would have to quit her $55,000 per year job as an accountant. What is the opportunity cost of something
Business
1 answer:
o-na [289]3 years ago
6 0

Answer:

What must be given up to acquire it

Explanation:

Here is the full question :

Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant.

 What is the opportunity cost of something?

The time it takes to do something

 What must be given up to acquire it

Cost to produce it

What you pay

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over another alternative.

By choosing to open her store, my aunt has to forgo her accounting job. this is her opportunity cost. so her opportunity cost is $55,000

You might be interested in
If Hawk Manufacturing incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents
Lana71 [14]

Answer:

Joint cost incurred in the process

Explanation:

In domain of accounting, a joint cost can be regarded as a cost that is been incurred in a joint process. Joint costs may encompass costs like direct material,overhead costs as well as direct labor that is been incurred during a joint production process.

joint production process can be regarded as one whereby one input give yields of multiple outputs. This process helps to automatically creates other types of output product when creating one type of output.

For instance, Joint cost when a Manufacturing company incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the Joint cost .

5 0
3 years ago
Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent.
DaniilM [7]

Answer:

Operating cash flow= 305.5

Explanation:

Giving the following information:

Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent.

EBITDA= 385

Depreciation= (120)

EBIT= 265

Tax= (0.3*265)= (79.5)

Depreciation= 120

Operating cash flow= 305.5

8 0
3 years ago
You’ve collected the following information from your favorite financial website.
GarryVolchara [31]

Answer:

13.48%

Explanation:

Calculation for the required return for the company's stock using this formula

Required return = (D1/P0) +g

Let plug in the formula

Required return = [$1.12(1 + 0.115) / $62.91] + 0.115

Required return= [$1.12(1.115) / $62.91] + 0.115

Required return =(1.2488/$62.91)+0.115

Required return=0.019850580194+0.115

Required return = 0.1348 *100

Required return =13.48%

Therefore the required return for the company's stock will be 13.48

5 0
3 years ago
Assume that you pay $2,849. 84 in state property taxes every year. If your property has an assessed value of $41,302, what is yo
Alex787 [66]

The property tax rate for the assessed property of $41,302 is <em><u>0.069</u></em>.

The property tax is the value holding the property paid to the statement in the form of their charges or in the form of their state revenue.

Computation:

Given,

State property tax =$2849.84

The assessed value of property =$41,302

The tax rate is computed by dividing the tax amount by the actual value of the property.

\begin{aligned}\text{Tax Rate}&=\dfrac{\text{State Property Tax}}{\text{Assessed Value}}\\\ &=\dfrac{\$2,849.84}{\$41,302}\\\ &=0.069\end{aligned}

The tax rate upon which the property tax is paid is <em><u>0.069</u></em>, that is option d. is correct.

To know more about property tax, refer to the link:

brainly.com/question/855419

4 0
2 years ago
Carter Industries has two divisions: the West Division and the East Division. Information relating to the divisions for the year
Anon25 [30]

Answer:

$54,000

Explanation:

The computation of the segment margin for the West Division is shown below:

First we have to find the contribution margin which is as follows

= Number of units sold × (Selling price per unit - variable cost per unit)

= 36,000 × ($6 - $3)

= 36,000 × $3

= $108,000

Now the segment margin is

= Contribution margin - direct fixed cost

= $108,000 - $54,000

= $54,000

6 0
4 years ago
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