I don’t understand this and need help

Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (

mel-nik [20]

Answer:

Explicit costs - $51,000

Explicit costs are those for which a person incurs in actual spending of money. In this case, Christine had to pay $15,000 in wages, and $36,000 in rent ($3,000 x 12). These are expenses that she had to pay money for, and that had to be accounted for in the accounting books, and in the financial statements. These are in other words, explicit costs.

Implicit costs - $40,000

Implicit costs are simply the opportunity costs. An opportunity cost is the cost of the next more valuable alternative when faced with two or more options. No money is paid for this costs. The implicit costs for Christine were the $40,000 that she not receive as wages if she had continued working at a real state firm.

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3 years ago

Ralph Watkins owns a large home on a two-acre lot in Tempe, Arizona. Watkins has much of the lot covered with tiff grass and is

kakasveta [241]

Answer:

(C) Brown could seek an injunction against Watkins, on the basis of nuisance

Explanation:

The bugs and pests from Watkins grass clipping pile are a menace to his neighbour Brown.

Brown has tried extermination but the source of the problem, which is still there, makes his efforts futile.

Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

Watkins should comply

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3 years ago

Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo spon

Wittaler [7]

Answer: c. Sydney can diversify 50% of her WillCo stock.

Explanation:

Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.

Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.

Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.

5 0

2 years ago

John (45) and Cynthia (46) are married, and they will file a joint return. During the year, they earned investment income consis

svetlana [45]

Answer:

Calculation of Net taxable income

Particulars Amount Amount

Interest income from savings interest $200

Interest income from certificate deposit $350

Dividend from saving account with $100

local credit union

Interest income from us treasury note $250

Tax exempt interest from municipality bond $500

Ordinary dividend $1,700

Gross total income $3,100

Income exempt

Dividend from saving account $100

Dividend from treasury note $250

Tax exempt interest from municipality bond $500 $850

Net taxable income $2,250

8 0

3 years ago

Regardless of the index we use:

Vitek1552 [10]

Answer:

b. we should get an accurate picture of how all consumer goods and services prices changed from year to year.

Explanation:

Wether it is ased on a fixed goods of goods or based on a changing goods of goods that gets old after time, we should check how is it work with this policy

The goal for the index is to adjust the value of assets by the inflation rate to calcualte the loss for having dollar bills.

6 0

3 years ago