Answer:
Implicit Costs = $35,000
correct option is b. $35,000
Explanation:
given data
total revenue = $100,000
rent = $3,000
overhead averages = $500 per month
Ramona earn = $35,000 per year
to find out
total implicit costs
solution
we know that here Total Rent paid is
Total Rent paid = 3000 × 12
Total Rent paid = $36000
and
Total employee payment = 2000 × 12
Total employee payment = $24000
and
Total ingredient and overhead = 500× 12
Total ingredient and overhead = $6000
and
Explicit Costs = 36000 + 24000 + 6000 = $66000
so here
Implicit Costs = The opportunity cost of not working as a manager
Implicit Costs = $35,000
correct option is b. $35,000
Answer:
The correct answer is letter "B": are essential to the reallocation of resources from less desired to more desired goods.
Explanation:
Economic profit is the difference between the company's profits from revenue and the overall opportunity cost. The difference between accounting profit and economic profit is significant. Only total revenue minus the explicit cost of producing goods or services is considered to calculate the accounting profit.
The economic profit is called a loss if after subtracting the opportunity costs from revenue the figure is negative. <em>Both profit or losses determine how resources will be allocated in a company prioritizing the more desired goods or those who are needed for the firm's operations.</em>
The answer to your question is d
The most suitable tool that can enable a student to determine an academic major is an interest inventory.
Option D is the correct answer.
<h3>What is an academic major?</h3>
An academic major is an academic subject in which an undergraduate student is enrolled. When a student completes his/her all examinations then he/she is awarded an undergraduate degree.
An interest inventory is a type of instrument used to identify and evaluate the areas of interest of a student. It is also called an interest test. it can help a student to make choice about his/her academic major for graduate studies.
Therefore, the interest inventory is the most suitable tool for determining an academic major.
Learn more about the academic major in the related link;
brainly.com/question/14455619
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Answer:
present value 15.826 million
r = 10.42 % = IRR
Explanation:
The problem requires a long solution. I have to use microsoft word for the solution. and its so explanatory on it.
