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Ket [755]
2 years ago
14

You and two partners start a company. However, your partners play no role in running the company. You spend all your time managi

ng the business. The time that you could have spent working for someone else and earning wages instead of running the business is your:
a. Explicit costs

b. Marginal cost

c. Sunk cost

d. Opportunity cost
Business
1 answer:
GalinKa [24]2 years ago
4 0

Answer:

The correct answer is letter "D": Opportunity cost.

Explanation:

Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left  behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.

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ASSETS Cash $ 20,000 Accounts receivable 80,000 Inventory 50,000 Net plant and equipment 250,000 Total assets $ 400,000 LIABILIT
Dahasolnce [82]

Answer:

The firm's receivable turnover is 20 times

Explanation:

The computation is shown below:

Accounts receivable turnover ratio  = (Credit sales ÷ average accounts) receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($0 + $50,000) ÷ 2

= $25,000

And, the net credit sale is $500,000

Now put these values to the above formula  

So, the answer would be equal to  

= ($500,000 ÷ $25,000)

= 20 times

And, the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 360 days ÷ 20

= 18 days

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1 year ago
Noreen is extremely happy to be working at QBiz. They are a socially conscious, community-focused company. Noreen knows that her
EastWind [94]

Answer:

B. Meaning

Explanation:

Given that Noreen goals are in line with the manager, team and employer, it means Noreen has meaning in relation to her company. Meaning in relation, shows the degree to which one entity is related to another entity. Here, Noreen goals for herself and a "probable work place " matches and aligns with the goals of every worker in the company including are employer.

4 0
2 years ago
Employers will be evaluating your attitude and communication skills during an interview. T or F
mr_godi [17]
Of course! Employers want employees who have a great attitude great communication skills. If you don't have either, you'll have a tough time looking for a job.
8 0
1 year ago
Read 2 more answers
Which of the following is an example of qualitative data?
Leviafan [203]

B

jwxjedexececrctcrctctctctvtvtvt

4 0
1 year ago
Which of the following is most accurate regarding Starbucks’ ability to maintain a sustainable competitive advantage in the coff
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Answer:

The answer may be a, as Starbucks has been copied many times over.

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