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
kirill [66]
3 years ago
10

Suppose the chicago cubs could rent out wrigley field (the field the players play on) to local youth leagues for $11,000 per mon

th. the $11,000 per month reflects the ________ of capital.
Business
2 answers:
matrenka [14]3 years ago
8 0
<span>implicit cost

Good luck =]</span>
xz_007 [3.2K]3 years ago
6 0
The $11,000 would actually represent the explicit cost of capital.

The cost is clearly defined, and can be quantified by the amount physically paid by the youth leagues. The implicit cost of capital would be the opportunity costs of renting the field, such as passing up on the opportunity to rent out a cheaper field (for example, if the other field was $5,000 less, your implicit cost would be $5,000)- it is not something you explicitly pay, but a cost you incur nonetheless by making a different decision.
You might be interested in
Fahad works for a company that markets all of Celextron's products. Fahad's company acts as the marketing department for Celextr
Whitepunk [10]

Answer:

D) selling agent.

Explanation:

Sine Fahad's company never obtains title for the goods that they sell, they are acting like a selling agent. They are very similar to a commission merchant except that Fahad's company is also responsible for the marketing functions of Celextron.

There are several types of sales agents and distributors, it all depends on certain details about how they work:

  • a manufacturer's agent work directly for the manufacturing firm, in this case it would have been Celextron.
  • a sales branch is a company owned by Celextron.
  • a full service wholesaler obtains title of the goods.

5 0
3 years ago
Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th
Ronch [10]

Answer:

For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.

As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.

5 0
3 years ago
Most viewers of the sitcom Blonde Dream also watch Euphony, a music-based reality show, which is broadcast immediately after Blo
Sphinxa [80]

Answer:

The correct answer is letter "C": duplicated reach.

Explanation:

Duplicated reach refers to an advertisement that could have been seen by the same individual in the audience through different mediums. The activity receives the name of duplicated reach but the promotion can reach people through multiple ways such as television, radio, the internet, social media, billboards, to mention a few.

In the example, <em>the Savor chocolate advertisement has a double reach since it is portrayed during the transmission of two different TV shows using one single channel (television).</em>

3 0
3 years ago
Assuming that the MR Corporation has an inventory of 200 defective motors costing $450,000 to produce and $150,000 to repair, if
ella [17]

<u>Answer: </u>True

<u>Explanation:</u>

Here for calculation of the profit or loss the cost of production cannot be used for comparison as they are the sunk cost it cannot be used for taking sale or rework decision. It is given the proceeds from the sale of inventory would be $425,000 and the cost of rework will be $150,000.

Net proceeds from sale of units = 425000 - 150000

=$275,000

It is clear that these profits are lower than the sale of these units without repair. Sale proceeds without repair is $325,000. So MR corporation can make decision to sell the units without repair for better benefits.

6 0
3 years ago
If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the prod
mestny [16]

Answer: C. 50%

Explanation:

From the above question, If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the production process then the percentage completion for conversion costs is 50%

3 0
2 years ago
Other questions:
  • The Hawkins Supply company is currently faced with an inventory rotation problem. This difficulty stems from the fact that some
    6·1 answer
  • What may happen if the threaded heating element in percolator is not very tightly mounted
    14·1 answer
  • The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company’s fiscal year, contain
    12·1 answer
  • A group of investors are discussing the formation of a new property and liability insurer. The proposed com-pany would market a
    7·1 answer
  • The Tenant is responsible for insuring the Property for damage or loss to the structure, mechanical or improvements to the build
    14·1 answer
  • Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
    11·1 answer
  • Which 4 reasons to open an account would benefit you, personally, the most?
    7·1 answer
  • During the current year, Orr Company incurred the following costs: Research and development services performed by Key Corp. for
    13·1 answer
  • Hannah runs a hospitality business with Ray and Susan, backed by a group of investors who provide the funding but rely on Hannah
    9·1 answer
  • Jay, a divisional vice president of a consumer goods manufacturer, gives a presentation to all divisional employees to outline t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!