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Aleksandr [31]
2 years ago
15

Jill took ​$40,000 that she had in savings and started her own business. If left in​ investments, she would have earned ​$4,000

this year. Jill also left a job that paid her ​$50,000 a year and plans on paying herself ​$30,000. Materials and other labor costs will be ​$60,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of ​$10,000. She could have rented the building out for ​$20,000.
What are the accounting and economic cost?
Business
1 answer:
Igoryamba2 years ago
4 0

Answer:

Accounting Cost = $100,000

Economic Cost = $114,000

Explanation:

The computation of accounting and economic cost is shown below:-

Accounting Cost = Salary of Jill + Labor costs +  Insurance and mortgage payment

= $30,000 + $60,000 + $10,000

= $100,000

Economic Cost = Accounting Cost + Investment return lost + Loss in Salary  ​($50,000 - $30,000) + Loss in Rent ($20,000 - $10,000)

= $100,000 + $4,000 + $10,000

= $114,000

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Rachel lives and works on her father's dairy farm as a large animal veterinarian. The farm does not
djverab [1.8K]

Answer:

No, because Rachel's family farm does not employ outside workers

Explanation:

No, because Rachel's family farm does not employ outside workers. Under the OSH Act since Rachel's family does not employ outside workers they are not seen as an official business and therefore are not protected under the act. The workers on the farm are not seen as employees but instead family members helping one another and acting as co-owners of the farm. Therefore, the act does would not provide any coverage to Rachel in this scenario.

8 0
2 years ago
Your newest coworker is not as productive as other members of your team. You and your coworkers have to work harder to make up f
BaLLatris [955]

Answer:

The correct answer would be option C.

Explanation:

If there is a new co worker hired in my office, and its her beginning days, and I, along with other team members see that she is not as productive as other members of the team are, and we all have to work more and harder to make up for her work. So i would preferably give her advice and tips for how to get things done correctly and efficiently. I would not like to get her out of the office, rather i will try to make her understand the things as soon as possible and give her tips to increase her work efficiency. But if the problem continues, and I believe that she will not be able to cope up with us, then i will talk to the supervisor and suggest him that she might not be the best role for us. But i will go with option C.

6 0
2 years ago
Read 2 more answers
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
antiseptic1488 [7]

Answer:

The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

Explanation:

payable obligation = 750,000,000 YEN

premium payable on call option = 750,000,000*0.012

                                                      = $90,000

the interest rate is 6%

future value of call option premium = $90,000(1+0.06)

                                                           = $95,400

As the expected future spot price is 109 YEN per dollar which is higher than exercise price of $0.0086

Amount payable under call option = (750,000,000*$0.0086)+$95400

                                                          = $6,545,400

Therefore, The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

6 0
2 years ago
Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and operating loss is $(50,000). Determine th
stiks02 [169]
D. 52% and $11 per unit
5 0
2 years ago
Which of the following statements is not true of a strategic inflection point?
Elanso [62]

Answer:

The correct anwer is E) A new CEO is an example of a strategic inflection point.

Explanation:

The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.

For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.

8 0
2 years ago
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