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Mars2501 [29]
3 years ago
13

Suppose that you could either prepare your own tax return in 12 hours or hire a tax specialist to prepare it for you in 3 hours.

You value your time at $25.00 an hour; the tax specialist will charge you $60 an hour. The opportunity cost of preparing your own tax return is
Business
1 answer:
lys-0071 [83]3 years ago
8 0

Answer:

$300

Explanation:

Opportunity cost also known as Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

By choosing to do my tax, i am forging the value of my time which is $25 per hour.

If i do my returns i would be spending 12. total value of time = 25 x12 = 300

the amount i would pay the specialist is my explicit cost

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A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and disco
sertanlavr [38]

Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.

Explanation:

Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.

The company working in the niche has to target boat owners specifically, which the marketing fails to do.

<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>

5 0
3 years ago
Read 2 more answers
Stoneheart Group is expected to pay a dividend of $3.25 next year. The company's dividend growth rate is expected to be 3.5 perc
Vera_Pavlovna [14]

Answer:

$37.79

Explanation:

The computation of the stock price is shown below:

Data given in the question

Next year dividend = $3.25

Growth rate = 3.5%

Required rate of return = 12.1%

So, the stock price is

= Next year dividend ÷ (Required rate of return - growth rate)

= $3.25 ÷ (12.1% - 3.5%)

= $3.25 ÷ 8.6%

= $37.79

We simply apply the above formula to find out the stock price

5 0
3 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
3 years ago
A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
faust18 [17]

it's half a year out of 5, so 1/10 of the useful lifetime of the van

$61,000 - $4,900 is $56.1000

one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
3 years ago
Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000 if he agrees to forfeit all o
Ipatiy [6.2K]

Answer:

Release

Explanation:

A release is defined as a legal document that is drafted by the released, and terminates any legal legal liability that exists between release and the released.

The release is required to sign the document to make it binding.

Releases are compromise between the plaintiff and defendant that aims to terminate litigation.

In this scenario Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000. This is a release and if it is signed by Wyatt, releases Francisca of financial obligations.

8 0
4 years ago
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