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Nikolay [14]
2 years ago
3

Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year, to become a graduate student in economics. At the u

niversity he attended, he spent $2,000 on books, $1,000 on cough medicine, and earned $12,000 as an economics teaching-assistant. What were Jon's economic costs while attending college?a. $18,000.b. $15,000.c. $6,000.d. $3,000.
Business
1 answer:
Likurg_2 [28]2 years ago
6 0

Answer: a. $18,000

Explanation:

Economic costs are the sum of opportunity costs and accounting costs incurred when the next best alternative is not followed.

In this case, the opportunity costs are the salary that Jon Brooks foregoes and the actual costs are the cost on books and cough medicine.

Economic costs will therefore be:

= 15,000 + 2,000 + 1,000

= $18,000

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Genna Raiter, the president and CEO of Car Keepers Garage, has asked several of her managers and employees to help establish a s
Nonamiya [84]

Answer:

The options for this question are the following:

A. payoff matrix.

B. mission statement.

C. tactical plan.

D. organization chart.

The correct answer is B. Mission statement.

Explanation:

A good mission statement is a useful tool for well-managed businesses. It is the "why" of business strategy.

A mission statement defines the objectives of what a company does by:

Your clients

The employees

Their owners

Some of the best mission statements also extend to include the fourth and fifth dimensions: what the company does for its community and for the world.

In terms of marketing, a mission statement is a brief paragraph that describes what your business does and why it exists. If that sounds like useless marketing that could be labeled as a long list of the most important things to do, you're not alone.

The reality is that many mission statements are ineffective. Usually, they are the ones written in minutes with very little thought from their creators.

7 0
2 years ago
Kirova Company has provided the following information: Number of issued common shares, 990,000 Net income, $1,436,500 Number of
Anestetic [448]

Answer:

$1.7

Explanation:

From the question above Kirova company recorder the following information

Number of issued common shares is 990,000

Net income is $1,436,500

Number of authorized common share is 1,000,000

Weighted average income of outstanding common shares is 845,000

Number of treasury shares is 145,000

The formular to calculate the earning per share is

= Net income/Outstanding shares

Net income= $1,436,500

Outstanding shares= number of issued common shares- number of treasury shares

= 990,000-145,000

= 845,000

Therefore, the earnings per share can be calculated as follows

= 1,436,500/845,000

= $1.7

Hence Kirova's earning per share is $1.7

7 0
2 years ago
Which of the accompanying boxplots likely has the data with the larger standard​ deviation? why?
Paraphin [41]

The answer is Boxplot II.  The standard deviation for the data associated with Boxplot II will likely have a larger standard deviation. Boxplot II has a greater spread than Boxplot​ I, as measured by the interquartile​ range, which is  related directly to the standard deviation of a data set.


7 0
2 years ago
Ignacio owns a small business that employs 12 full-time workers. He has recently been told by his financial advisor that he woul
enyata [817]

A contingent workforce is more on-demand than standard, full-time employees. Examples of contingent workers are freelancers, contractors, and consultants. These types of workers are hired when needed for shorter term projects and are only employed by the company for the time they are needed to complete their project.

8 0
2 years ago
Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th
kicyunya [14]

Answer:

current price of the bond is $1,232.15  

Explanation:

given data

time N = 20 year

annual coupon bonds = 7.5%

future value = $1,000

interest rate = 5.5%

NPER = 19 year

solution

we will use here Present value formula to get current price of the bond.

so here PMT will be

PMT = future value × rate

PMT = 1000 × 7.5 %

PMT =  $75

so we use here formula in excel that is

= -PV(Rate,NPER,PMT,FV,type)

put here value and we get

after solving we get current price of the bond is $1,232.15  

4 0
2 years ago
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