Answer:
Implicit cost
Explanation:
The rental income Jacques could receive if he chose to rent out his showroom instead of using the showroom for the operation of his guitar business will be classified as an<em> Implicit cost .</em>
<em>An implicit cost in business is a cost that results from the lost opportunity of not using a company's/business own resources excluding cash resources</em>. they are also seen as economic gain/profits sacrificed for not using the company's resources.
Jacques could use the showroom but when he decides to rent it out it becomes an implicit cost even though the rent generates revenue for him.
Answer:
$ 10,737,418.23
Explanation:
Given:
Amount paid on the first day = $ 0.02
Amount paid on the Second day = $ 0.04
Amount paid on the third day = $ 0.08
number of days, n = 29
also,
the wages is doubling daily
therefore,
The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....
or we can form the relation as
= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )
or
= 
or
= 
or
= 
or
= $ 10,737,418.23
D) savings - you should always have a 'buffer' to ensure that should the worst happen you have 'thinking time' to adapt your lifestyle.
Answer:
$850
Explanation:
Price per share = $6,000 ÷1,000 = $6
Number of shares repurchased = $900 ÷$6 = $150
New number of shares outstanding = $1,000 - $150 = $850
Therefore $850 shares of stock will be outstanding after the stock repurchase is completed
