Answer:
Accounting costs $145,000
Implicit costs $75,000
Opportunity costs $220,000
Explanation:
What her accounting cost will be during the first year of operation.
Based on the information given we were told that the annual overhead costs and operating expenses amounted to the amount of $145,000 which means that the amount of $145,000 will be the ACCOUNTING COSTS
Her IMPLICIT COSTS will be the amount of $75,000 which is the amount she earn in her current job per year.
Her OPPORTUNITY COSTS be the addition of both her Her accounting cost and implicit costs
Hence,
Opportunity cost=$145,000+$75,000
Opportunity cost=$220,000
Answer:
net income increase of 11.25%
Explanation:
If the price p is reduced a 11% means that new price will be p(1-0.11)
New price = 0.89p
The new quantities demandes will increase a 25%, this means that the new quantities will be Q*(1+.025) = 1.25Q
So, the net income under this new circunstances will be
1.25 Q * 0.89P = 1.1125 P*Q
This means a net income increase of 11.25%
Answer:
a. should be discouraged because it lessens a quality that makes that antique desirable
Explanation:
In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
Answer:
$563,700
Explanation:
Calculation of cash is as seen below.
Sales revenue. $560,000
Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700
Cash received from customers. $563,700.
Note: other information given in the question are not relevant for the computation of cash received from customers for the year.
Therefore, cash received from customers for the year is $563,700
Answer:
a is the acceleration of the declaration
