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RoseWind [281]
3 years ago
11

Golda Rush quit her job as a buyer for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,

000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 on equipment and hairdressing material. Based on this information, what is the amount of her implicit costs?
a) $80,000
b) $70,000
c) $42,000
d) $41,500
e) none of the above
Business
1 answer:
blagie [28]3 years ago
5 0

Answer:

d) $41,500

Explanation:

Implicit cost is forgiven cost  = salary + interest on investment

                                               = $40,000 + $30,000*0.05        

                                               = $41,500

Therefore, The amount of her implicit costs is $41,500.

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Army Crew Team Case study required questions: Why does the Varsity team lose to the JV team? What should Coach P. have done diff
bagirrra123 [75]

Answer:1. The reason that the varsity team lost to JV team is lack of working together as a team.

2.Coach P. when selecting the rowers for the two teams should have looked at both the psychological(personality types and traits, if they are leader or followers etc.) as well as the physical aspect ( Stamina, Speed ,Coordination, Strength etc.) of each individual.

explanation:

1:Even though the varsity team consisted of the best individuals for speed , strength, coordination and endurance, they lacked the cohesiveness to perform as a unit. Each of the eight individual rowers had to be single-mindedly attuned to one another in order to synchronize their rowing and perform in unison. Unfortunately, the team also too many disruptor and lacked a leader.

2:The Coach should have experimented more by creating different scenarios to see how well the individuals responded and performed to one another in different situations when it came to a team environment. For example, putting the rowers in total control of the team's dynamics is the best hands on lesson they could ever experience. This would have allowed the rowers a deeper understanding what it take to be winner from a loser.

3.Coach P. should switch both the teams for Tuesday since after extensive observations and evaluation he has witnessed JV work as a better team. The JV team possessed better synergy, synchronization, and shared a common goal causing them to win more frequently than the Varsity team, despite the fact that the Varsity team had better individual members. In addition, there has been a precedent for switching boats. During the mid-1990’s, the Cornell Coach faced asimilar situation as Coach P. and as a result of him making the switch, both the JV and Varsity teams ended up winning the Eastern Championships. This demonstrates that it is more likely thatthe teams will win if they agree to switch. Moreover, even if Coach P. decided not to switch the teams, it would have taken quite a while to rebuild Varsity’s team structure, morale, and overall team synergy, implying that they probably would not have been ready in time to compete and win the race as the Varsity team anyway.

3 0
4 years ago
A trader buys a call option with a strike price of $30 for $3. Does the trader ever exercise the option and lose money on the tr
stepladder [879]

Answer:

The trader exercises the option and loses money on the trade if the stock price is between $30 and $33 at option maturity.  

Explanation:

A call option is the right to buy an asset at an agreed price on the maturity date. This agreed price is known as the strike price.

In the given scenario, the strike price is $30. The trader pays an additional $3 for the right to exercise the option, thus paying a total of $33 for the option.

Now, if the asset price on maturity date is greater than $30, the trader shall exercise the option and buy the asset. This is because the market price of the asset is greater than the price the trader pays for it, resulting in a favorable situation for the trader.

However, the trader paid a total of $33 for the stock. Hence, the trader shall lose money on the trade as long as the asset price is below $33.

Therefore,  if the asset price upon maturity is between $30 and $33, the trader shall exercise the option but lose money on the trade.

3 0
3 years ago
Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10
PSYCHO15rus [73]

In this case the stranger should disregard the contract.

The key piece of information in this question is that the purchaser is only fifteen years old. In order to enter into a contract both parties must be 18 years old. Since the signer in this case is not 18 the contract is not valid.

8 0
3 years ago
the price of mangoes is currently $5.00 per pound at this price producers are supplying 4,000 pounds of mangoes point C on the g
sveticcg [70]
B.

You must simply follow your equilibrium point. If the new demand curve is at D2, then you find the new intersection formed by D2 and S1.
6 0
4 years ago
Read 2 more answers
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Kitty [74]

The correct answer is:

Like Harding, Coolidge tried to keep government out of business.

Explanation;

Like Harding, Coolidge needed to help workers' rights. Unlike Harding, Coolidge served to raise falling crop prices. Like Harding, Coolidge worked to keep government out of business. Unlike Harding, Coolidge understood in restricted government management of the business.

3 0
3 years ago
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