9) The opportunity cost of owning and using a firm's capital is defined as the capital's...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
9) The opportunity cost of owning and using a firm's capital is defined as the capital's A) variable cost. B) fixed cost. C) economic depreciation. D) explicit cost. 10) Which of the following is an implicit cost in Jim's business venture? i. the salary Jim could have earned at another job ii. the interest Jim must pay on the loan he incurred to help open his business iii. the interest Jim lost when he used his savings to help open his business A) i only B) ii only i and iii C) D) ii and ii 9) The opportunity cost of owning and using a firm's capital is defined as the capital's A) variable cost. B) fixed cost. C) economic depreciation. D) explicit cost. 10) Which of the following is an implicit cost in Jim's business venture? i. the salary Jim could have earned at another job ii. the interest Jim must pay on the loan he incurred to help open his business iii. the interest Jim lost when he used his savings to help open his business A) i only B) ii only i and iii C) D) ii and ii
Expert Answer:
Answer rating: 100% (QA)
Answer to the question no 9 Option D Explicit Cost Explanation It is the cost ... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
Students also viewed these accounting questions
-
Which of the following is an internal control activity that could prevent a paid disbursement voucher from being presented for payment a second time? a. Vouchers should be prepared by individuals who...
-
Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items? a. Supplies of relatively little value are expensed...
-
In the job characteristics theory, which of the following is not a factor presumed to cause the emergence of psychological states? a.Feedback b.Autonomy c.Experienced responsibility d.Task identity...
-
For the given year, find the standard quotas for the New York City boroughs given in Table 17.5 in Problems 23-28. Assume there are eight council seats. Table 17. 5 1990 Year Total 1790 49 1800 81...
-
Refer to Exercise 13.25. The data on ages (in years) and prices (in hundreds of dollars) for eight cars of a specific model are reproduced from that exercise. a. Construct a 95% confidence interval...
-
What are the functions of the Taft-Hartley Act?
-
Suppose that you were calculating the dividend yield on a stock you were considering buying and intended to "back out" the expected capital gains yield as described in the previous section. Using the...
-
Moriarity and Holmes enter into an oral contract by which Moriarity promises to sell and Holmes promises to buy Blackacre for $100,000. Moriarity repudiates the contract by writing a letter to Holmes...
-
A tire company produced a batch of 6,600 tires that includes exactly 6,430 that are non-defective. If 4 tires are randomly selected (without replacement) for installation on a car, what is the...
-
The U.S. Department of Commerce publishes a series of census documents referred to as Current Industrial Reports. Included in these documents are the manufacturers shipments, Inventories, and orders...
-
_____ is a method of attempting to settle labor disputes in when a specialist from the federal government helps management and the union focus on the issues and acts as a communication channel...
-
Write an equation of the line that passes through (1,5) and is parallel to the line y = 4x+2. y =
-
Find the scalar equation of the line that is parallel to x7 2 y-9 2 and passes through the point (1,1). Your answer will have the form Ax+Bx+C=0
-
Find the equation of the line in standard form that passes through the following points. Eliminate any fractions and simplify your answer. Answer (-10, 10) and (-6, -8)
-
Complete the chart: Length, L (m) Period, T (s) LogL LogT 0.10 0.63 0.20 0.90 0.30 1.00 0.40 1.27 0.50 1.42 0.60 1.55 0.70 1.68 0.80 1.80 0.90 1.90 1.00 2.02 Plot the data T vs L. [ (title, axes...
-
The following information relates to material B42000. Annual requirements: 144,000 units Ordering costs: 12500 Annual holding costs: 20% of purchase price Purchase price per unit: 500 Required: i)...
-
Prepare for the statement of cash flows for this information HYDROQUAL, INC. JOURNAL ENTRIES DECEMBER 31, 20X1 JE DATE DEBIT CREDI 29,400 2 1/02/X 1 37.000 10.000 6 698,500 88.000 34,900 243, 150...
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
If the entity is subject to the requirements of AS 5, what written representations should auditors obtain from the client with respect to internal control over financial reporting?
-
Risk Assessment. This question consists of a number of items pertaining to an auditors risk analysis for a company. Your task is to tell how each item affects overall audit risk that is, the...
-
What feature of the acquisition and expenditure control would be expected to prevent an employee from embezzling cash by creating fictitious vouchers?
-
Like many American cities during the 1960s and 1970s, Washington, DC, experienced declining population, economic challenges, and growing social problems, as many middle-class families and businesses...
-
Think about your most rewarding (or unrewarding) experience as a volunteer or nonprofit staff member. Which of Herzberg's satisfiers and dissatisfiers were present in the environment?
-
Are the values and motivations of millennials really different from those of previous generations or do people become more alike as they proceed through various life stages?
Study smarter with the SolutionInn App