1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dusya [7]
2 years ago
13

Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00

0 from his savings account, which was earning 3% interest, and borrowed an additional $2,000 from the bank at an interest rate of 7%. What is Kelly's annual opportunity cost (implicit plus explicit costs) of the financial capital that has been invested in the business?
A) $170
B) $140
C) $30
D) $300
Business
1 answer:
sergeinik [125]2 years ago
7 0

Answer:

$170

Explanation:

Since Kelly withdrew $1000, he lost the potential $30 he could've earned in interest. Also, when he borrowed $2000, the interest rate of 7% was $140. So, the implicit+explicit cost is 140 + 30 = $170.

You might be interested in
Danielle has asked some closed-ended questions to start an interview; then some open-ended questions. Now she wants to really wa
insens350 [35]

Answer:

Probing

Explanation:

Probing is the term which is defined as the examine thoroughly, search into, ask the question closely and to explore with the probe.

For example, Asking What do think will happen?, Why do think this is the case and What sort of impact do you think?

So, in this case, Danielle who asked questions which are close ended as well open ended and she also asked some greater depth of the information regarding the process. Therefore, she probably uses the probing questions.

7 0
2 years ago
Calculating Lower-of-Cost-or-Net Realizable Value
Tju [1.3M]

Answer:

Anne Traylor Inc.

Calculating Lower-of-Cost-or-Net Realizable Value

The inventory cost to report on the balance sheet on June 30, 2020, assuming that the company applies the lower-of-cost-or-net realizable value rule to each individual inventory item is:

= $8,990.

Explanation:

a) Data and Calculations:

Inventory  Quantity   Selling  Cost     NRV    Inventory   Lower-of-Cost-or-

Item                            Price    to Sell                  Cost     Net Realizable Value

#100              70          $24      $5       $19         $16         $1,120 ($16 * 70)

#101             100            22         4         18            17           1,700 ($17 * 100)

#115              50            35         6        29            31          1,450 ($29 * 50)

#118             120            40         6        35           29         3,480 ($29 * 120)

#120             25             18         4         14            10            250 ($10 * 25)

#128             45            30         8        22           26            990 ($22 * 45)

Total                                                                                $8,990

7 0
2 years ago
Which fo the following debts could possibly be forgiven under Chapter 7 bankruptcy?
ahrayia [7]

The correct answer is D Mortgage

6 0
3 years ago
Read 2 more answers
The print ads and the television ads for Maytag appliances were designed to show "The Loneliest Man in the World" was a Maytag r
Kay [80]

Answer:

Advertising campaign.

Explanation:

An advertising campaign is a group of advertisements, commercials, and related promotional materials and activities , which are designed as part of a coordinated advertising plan to meet the specific goals of a company.

The purpose of the Advertising Campaign Event is to prepare an advertising campaign of any length for a real product, service, company, or business for a prospective client/advertiser.

The critical part of making an advertising campaign is determining a champion theme as it sets the tone for the individual advertisements and other forms of marketing communications that will be used.

The campaign theme is the central message that will be communicated in the promotional activities. The campaign themes are usually developed with the intention of being used for a substantial period but many of them are short lived due to factors such as being ineffective or market conditions and/or competition in the marketplace and marketing mix.

4 0
2 years ago
Answer answer answer answer answer answer answer ​
Tomtit [17]

Answer:

answer answer answer answer

Explanation:

answer

8 0
2 years ago
Read 2 more answers
Other questions:
  • A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains A. onion, celery, and parsnip. B. onion,
    6·1 answer
  • Which of the following best explains why a resident of Venezuela would wish to use U.S. currencies rather than currencies issued
    13·1 answer
  • Residual Income The Commercial Division of Galena Company has operating income of $62,240 and assets of $228,000. The minimum ac
    6·1 answer
  • Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years a
    9·2 answers
  • The jones corporation uses a process system. during the current​ period, 2,500 units were started and​ 1,100 units were complete
    7·1 answer
  • A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the
    10·1 answer
  • Carlos works as a tutor for an hour and as a waiter for an hour. This month, he worked a combined total of hours at his two jobs
    8·1 answer
  • A quality analyst wants to construct a control chart for determining whether three machines, all producing the same product, are
    5·1 answer
  • Earning Statement
    7·1 answer
  • g FisherCo is intending to invest in a new project. The ________ is the minimum rate of return the firm will accept on this proj
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!