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gregori [183]
3 years ago
6

"Tina withdraws $20,000 from her money market account to start up her own house cleaning business. Over that time, the account w

ould have earned 3 percent interest. In order to properly account for all costs of her business, Tina must not forget:"
Business
1 answer:
lions [1.4K]3 years ago
7 0

Answer: the opportunity cost of $600

Explanation:

From the question, we are informed that Tina withdraws $20,000 from her money market account to start up her own house cleaning business and that over that time, the account would have earned 3 percent interest.

In order to properly account for all costs of her business, Tina must not forget the opportunity cost of $600. This is calculated as 3% of $20,000.

The opportunity cost is what Time had to forgoes in order to start her business.

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