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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.

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(C) send a resumé

8 0
3 years ago
Refer to the scenario below to answer the following question(s). Giant Beanstalks is a company based in Maryland that processes
creativ13 [48]

Answer:

Exclusive distribution

Explanation:

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5 0
3 years ago
question content area the operating expense recorded from uncollectible receivables can be called all of the following except a.
Lyrx [107]

he operating expense recorded from uncollectible receivables can be called all of the following except c. bad receivables expense.

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6 0
1 year ago
. Describe an example of a company that manufactures a product.
daser333 [38]
There are a huge range of companies that produce a huge range of products, some examples of these are;
Apple= iPod, iPhone, iPad, iMac, Macbook.
Samsung= Phones, Televisions, Laptops
Ford= Cars, Vans etc.
Rolex= Watches
Ralph Lauren= Men, Women and Children's clothes and accessories, Home and pet accessories.
Hope this helps and is what you were looking for 

5 0
3 years ago
Which of the following best describes a surplus?
muminat

Answer:

C. there is more supply than demand

Explanation:

surplus means extra so there's more in supply than demand

7 0
3 years ago
Read 2 more answers
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