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
Taya2010 [7]
3 years ago
7

Charles has decided to open a​ lawn-mowing company. To do​ so, he purchases mowing equipment for ​$​, buys gasoline ​($ in gas i

s required to mow each​ yard), and pays a helper ​$ per yard. Prior to opening the lawn​ company, Charles earned ​$ as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned percent per year in the bank and that the mowing equipment depreciates at percent per year. Charles plans to mow yards per year. What is​ Charles's implicit costLOADING... of​ production? ​Charles's implicit cost of production is ​$ nothing per year. ​(Enter your response as an​ integer.)
Business
1 answer:
Masja [62]3 years ago
6 0

Answer: $8,600

Explanation:

Implicit cost is also known as the opportunity cost which means that it is the benefit of the next best alternative that was foregone when the current decision was made.

The implicit cost here is therefore:

The $8,000 that Charles could have been making as a lifeguard.

The interest per year he could have been earning on the $5,000 he used to buy mowing equipment.

The depreciation on the mowing equipment because depreciation is not an explicit cost but an implicit one.

= 8,000 + (2% * 5,000) + (10% * 5,000)

= 8,000 + 100 + 500

= $8,600

You might be interested in
Jane Cagle’s company wants to establish kanbans to feed a newly established work cell. The following data have been provided. Ho
SCORPION-xisa [38]

Answer:

22.5

Explanation:

According to the given situation, the computation of the number of kanbans is shown below:-

Number of kanbans needed = [(Demand × Lead time) + (Demand × Safety stock)] ÷ Kanban size

= (750 × 0.5) + (750 × 0.25) ÷ 25

= 22.5

Therefore for computing the number of Kanbans we simply applied the above formula by considering all items

4 0
3 years ago
a. Suppose that banks have decided they need to keep a reserve ratio of 10%—this guarantees that they’ll have enough cash in ATM
d1i1m1o1n [39]

Answer:

A. The money multiplier is the amount of money supply with each dollar increase in reserves. so, it is correct.

b.-  Since there is an inverse relationship between the reserve ratio and the money multiplier, a higher reserve ratio leads to a lower money multiplier.  So increase the ratio and lower the money.

7 0
3 years ago
Evie must pay an additional tax on the early distribution from her 401(k) of: a. 0% b. 5% c. 10% d. 15%
almond37 [142]

Answer:

c. 10%

Explanation:

Law Imposes additional 10% tax on early distribution of 401 (k) retirement plan. This law is to discourage the use of retirement fund for other purposes than the retirement plan. Evie want early distribution of her funds so she must pay 10% additional tax on these funds. So option c. 10% is correct for 401(k) retirement plan.

6 0
3 years ago
Assume that the probability of a driver getting into an accident is 3.4%, the
horrorfan [7]

$547.96. Just took the test and this was the right option.

3 0
3 years ago
Which international organization was discussed as possessing effective enforcement capacity?.
attashe74 [19]

The international organization was discussed as possessing effective enforcement capacity ----The World Trade Organization

World Trade Organisation:

has enforcement capacity through its trade dispute panels that possess the capacity to impose trade penalties on offending states for violating their prior commitments for trade liberalization.The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.

What is the main goal of the World Trade Organization?

The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people's lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.

Who created the WTO?

The World Trade Organization (WTO) was established on January 1, 1995, under an agreement reached during the Uruguay Round of multilateral trade negotiations.

Learn more about World Trade Organisation:

brainly.com/question/16323881

#SPJ4

6 0
1 year ago
Other questions:
  • When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds dated January 1, 2017, that mature on December 31, 202
    8·1 answer
  • A study finds that the noise from airplanes is harmful; hence, the government imposes a $20 tax on the sale of every airplane. T
    14·1 answer
  • government regulation is the most important factor. B) commodity money, because it is valued more highly, tends to drive out pap
    12·2 answers
  • A college professor was overheard saying, "A management course teaches students about management, not to actually BE managers."
    8·1 answer
  • The law of demand states that ____________and quantity demanded are _____________ related, ceteris paribus.
    13·1 answer
  • The percentage of decrease in the average price of the economy’s goods and services is known as the __________.
    8·1 answer
  • A taxpayer, age 64, purchases an annuity from an insurance company for $62,000. She is to receive $517 per month for life. Her l
    5·1 answer
  • Which of the following statements about money that is​ correct? A. Money is a completely stable store of value. B. Credit cards
    11·1 answer
  • Kennedy Company reports the following costs and expenses in May.
    6·1 answer
  • What are the pros and cons of the JIT Strategy in company’s operation ?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!