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dusya [7]
3 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]3 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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lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
Nataly [62]

Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.

<h3>What is Mary Gammel position?</h3>

She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.

Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.

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3 0
2 years ago
Select the best term to describe the following examples.
Bezzdna [24]

Answer:

The correct answer is: Emotional contagion.

Explanation:

The emotional state of an individual can be affected by the exposure to emotional expressions of others around which means that the emotional state can be transferred from one person to another even in online interactions through a process called emotional contagion.

Emotional contagion implies an individual connecting its emotions to others' moods which is likely to be reflected in both parties' behavior.

6 0
3 years ago
When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decisio
Gwar [14]

Quality best represents to reduce the likelihood of a product recall

There are many different statistical tools available, some of which are straightforward, some complex, and many of which are quite specialized for certain uses. Comparing data, or groups of data, in analytical activity is the most crucial common procedure for calculating accuracy (bias) and precision. Fortunately, much of the information required in routine laboratory work can be acquired using a few easy-to-use statistical tools: the "t-test," the "F-test," and regression analysis. As a result, examples of these will be provided in the following pages. Clearly, statistics are a tool, not a goal, and a skilled and committed analyst may find simple data examination, without statistical treatment, to be just as beneficial as statistical numbers on their desk.

To know more about statistical tools refer to brainly.com/question/28214875

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7 0
1 year ago
In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personall
olga_2 [115]

Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.

This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.

8 0
3 years ago
A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market pric
SSSSS [86.1K]

Answer:

435

Explanation:

5(90)=450-15=435

8 0
2 years ago
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