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KATRIN_1 [288]
3 years ago
9

Andrew quits his job as an accountant where he earns $60,000 per year to go back to school for two years to get an mba degree. h

e attends a school that charges $25,000 per year for tuition and related expenses. how much is the total cost (explicit cost plus opportunity cost) of that degree?
Business
2 answers:
Afina-wow [57]3 years ago
7 0

Answer:

Total cost = $ 50000+ $120000= $170000

Explanation:

For this case we know that the tuiton fee given $25000/year

Since he go back to school for two years the total explicit cost is given by:

Total explicit cost = $25000/year *2years = $50000

Since Andrew quits his job that represent an implicit cost that is given by:

Implicit Cost or Opportunity cost= $60000/year *2 years= $120000

And then we can find the total cost with this formula:

Total cost = Explicit cost + Opportunity cost

Total cost = $ 50000+ $120000= $170000

lidiya [134]3 years ago
4 0
Andrew is giving up $120,000.00 by quitting his job for 2 years and the cost for the degree is 25,000 per year so its costing him $170,000.00 for the degree.
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Explanation:

From the question, we are told that that a chicken farm uses a nearby stream to dispose of the wastes that is released by its chickens and that the wastes flow downstream into a lake that has become polluted due to the waste matter. The local office of a nonprofit environmental organization then collects enough donations in order to stop the farm's pollution.

The type types of private solutions to the pollution externality which has occured is charity. This is because it is a voluntary activity. The money collected is meant for a specific objective which is to tackle the issue of pollution.

It is also vital to note that sometimes the private solutions to externalities might not work. For example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that coordinating negotiations among all of the parties too costly.

6 0
3 years ago
If a labor union successfully restricts the supply of labor to​ firms, and if the union is not able to influence the demand for​
Alisiya [41]

Answer:

(B) ​rises; decreases

Explanation:

  • As the labors are unable to motivate the other laborers of the firm in the organization then the wage rate will increase the form needs more and more laborers to work in the factory or the production units and hence the employment opportunities will decline as an upward movement along the demand curve.
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3 years ago
The margin of safety ratio is computed as actual sales divided by break-even sales. is used to determine the break-even point. i
max2010maxim [7]

Answer:

indicates what percent decline in sales could be sustained before the company would operate at a loss.

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Since, Margin of safety ratio = Expected Sales - Break even sales

therefore,

The correct statement is : The margin of safety ratio indicates what percent decline in sales could be sustained before the company would operate at a loss.

8 0
3 years ago
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

 Account payable (open) + Purchases - Accounts payable(end) = Paid cash

 Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

                                       = $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

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As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.

4 0
3 years ago
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Decide the issuance of cost of the bonds:  

The issuance cost of bonds is the sum the obliged substance raised through the issue of legally binding proclamation called bonds. The cost of securities relies on the assumed worth, time frame, the coupon rate and the market rate.  

Coming up next are three general standards regarding bonds issue cost:  

  1. On the off chance that the coupon pace of the security is equivalent to the market loan fee, at that point the security is said to be given at standard.  
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In the current case, both the coupon rate and the market premium are 8% and are equivalent. Thus, the issue cost of bonds is equivalent to the standard worth. That is $600,000.

3 0
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