Dexter is an accountant earning $45,000 per year but he hates his job. Dexter decides to leave his accounting job and start his own white water rafting guided tour business. He needs $80,000 to start his business. Dexter has $40,000 in savings that he will use to start his new business and he borrows the remaining $40,000 from a bank. The interest rate is 3%.
The explicit cost of opening Dexter’s white water rafting business is and the implicit cost of opening the new business is .
A. $80,000; $45,000B. $2,400; $45,000C. $1,200; $46,200D. $127,400; $0
Answers: 3
Another question on Business
Business, 21.06.2019 19:40
Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. she is in the process of buying 100 shares of safety corp. at $10 a share and adding it to her portfolio. safety has an expected return of 15.0% and a beta of 2.00. the total value of your current portfolio is $9,000. what will the expected return and beta on the portfolio be after the purchase of the safety stock?
Answers: 3
Business, 22.06.2019 01:30
How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
Answers: 3
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
Business, 22.06.2019 12:10
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
You know the right answer?
Dexter is an accountant earning $45,000 per year but he hates his job. Dexter decides to leave his a...
Questions
Computers and Technology, 10.01.2020 06:31
Social Studies, 10.01.2020 06:31
Mathematics, 10.01.2020 06:31
Social Studies, 10.01.2020 06:31
