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Anettt [7]
3 years ago
10

Problems and Applications Q2 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
Business
1 answer:
kari74 [83]3 years ago
3 0

Answer:

$550,000

Explanation:

Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.

Therefore the OPPORTUNITY COST will be $550,000

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<span>Induction offers the following benefits and performance advantages: Faster. Because energy is directly transferred within the pan metal, cooking on an electric induction range is extremely fast - even faster than gas.</span>
3 0
3 years ago
Describe the three levels of selectivity. Describe an example for each.
Oksi-84 [34.3K]

Hi, you've asked an unclear question. However, I assume you're referring to levels of college selectivity.

Three levels of selectivity (college selectivity) are:

Most selective

Extremely selective

Very selective

Most selective: Colleges with this level of selectivity are said to accept fewer than 15% of all applicants, examples include, Harvard University, Johns Hopkins University, Stanford University

, Massachusetts Institute of Technology.

Extremely selective: Colleges with this level of selectivity are said to accept fewer than 35% of all applicants. Institutions under this category include Boston University, New York University, Georgia Institute of Technology, etc.

Very selective: The Colleges under this category accept fewer than 50% of all applicants. Examples are George Washington University, Kenyon College, Lafayette College,

North Carolina State University, etc.

These are some of the selectivity levels, you could find more Information from other online resources.

4 0
3 years ago
The ​ S&amp;P 500 index delivered a return of 10​%, 15​%, 15​%, and −25​% over four successive years. What is the arithmetic ave
natali 33 [55]

Answer:arithmetic average annual return per​ year= 3.75%

Explanation:

Year 1 = 10%

Year 2= 15%

Year 3 = 15%

Year 4 = -25%

total return = 15%

Arithmetic average annual return per year =(Return of year1 + return of year 2 + return of year 3+ return of year 4 )/4 =  15% /4 = 3.75%

5 0
4 years ago
What is the role of the entrepreneur in the modern economy?
11111nata11111 [884]

Answer:

B. To create jobs

Explanation:

In order to operate their business entrepreneurs need to hire a group of people with different skill set, leading to the creation of jobs.

-<u>  To preserve natural resources</u>

This option is wrong because the Government take the majority of the role in natural resources preservation. They do this by creating laws and regulation to prevent the exploitation of these natural resources.

<u>- To take big risks</u>

This option is wrong because You don't have to be an entrepreneur to take a big risk. A boxer who decided to fist fights with other boxer take a big risk of having a brain damage.

<u>- To generate wealth</u>

This option is wrong because Generating wealth can be done by any other career beside entrepreneur. You can get rich by being an artist, an athlete, a Doctor, etc.

5 0
3 years ago
On April 30, Jemison Engineering receives a special order for a swing set to be delivered to the customer in a month's time. Jem
Arte-miy333 [17]

Answer:

When they record the sales revenue related to this special order.

Explanation:

The matching principle of accounting states that you must record revenue and all related COGS at the same time, i.e. when Jamison Engineering records sales revenue, they also must record COGS associated to the sales. Accrual accounting establishes that you cannot record COGS at a prior or later date.

3 0
3 years ago
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