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Nadya [2.5K]
2 years ago
11

Bob lives in Houston and runs a business that sells boats. In an average year, he receives $842,000 from selling boats. Of this

sales revenue, he must pay the manufacturer a wholesale cost of $452,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $38,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this boat business, he can work as an accountant, receive an annual salary of $48,000 with no additional monetary costs, and rent out his showroom at the $38,000 per year rate. No other costs are incurred in running this boat business.
Identify each of Darnell's costs as an implicit cost or an explicit cost of selling pianos.

a. The wholesale cost for the pianos that Darnell pays the manufacturer
b. The salary Darnell could earn if he worked as an accountant
c. The wages and utility bills that Darnell pays
d. The rental income Darnell could receive if he chose to rent out his showroom
Business
1 answer:
quester [9]2 years ago
3 0

Answer:

A. The wholesale cost for the pianos that Darnell pays the manufacturer.

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Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

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3 years ago
Your broker requires an initial margin of $878 per futures contract on wheat and a maintenance margin of $650 per contract. Whea
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Answer:

b. Call for $1,500

Explanation:

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We can calculate the amount of margin call by using following formula:-

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And we know that

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so,

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What are the choices?

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Answer:

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