Opportunity Cost refers to potential gain given up by choosing one option over others. For Sean, this includes the vintage look of wingtips and the saved $50 if he chooses slip-ons instead of wingtips. The convenience and pride Sean gets from the slip-ons don't count as Opportunity Cost since they are benefits, not losses.
The concept of Opportunity Cost in economics and business refers to the loss of potential gain from other options when one option is chosen. In Sean's case, the Opportunity Cost of buying the more expensive slip-ons shoes includes:
However, the last two points: 'the no-lace convenience of slip-ons' and 'the pride that comes with wearing the more expensive shoes' do not fit into the Opportunity Cost. They instead are perceived benefits of the chosen slip-ons and not what is given up when he chooses that option.
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The policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.
A Protectionism policy are adopted or enforced to protect the domestic workers or industries against external bodies.
Hence, the policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.
Read more about Protectionism
Answer:
This is called:
Trade Restriction
Explanation:
Outsourcing to foreign markets can cripple domestic industries, increase local unemployment, and impose trade imbalance. To check excessive outsourcing, the federal government imposes tariffs. Such a trade restriction is considered necessary within the domestic economy. But it may be regarded as a restriction of free trade within the international community.
Answer:
The amount that will recognize under amortization expenses is $2600.
Explanation:
The first step here would be to calculate the amortization expenses for the first 4 years of the patent, here will use straight line depreciation method,
Formula - original value of asset / useful life in years
- $26,400 / 12
- $2200
Now for the 4 years this amount would become $2200 x 4 = $8800
The amount of amortization for the first half of 2017 ( up to 30 June ) would be-
= half of full year expenses
= $2200 / 2
= $1100
So up to 30 June 2017, the expenses are $9900 ( $8800+$1100), So the new book value would be = $26,400 - $9900
= $16,500
In this $16,500 we will add the amount of legal fees, so the total would be -
$16,500 + $6000
= $22,500
The next step is to divide this value by remaining useful; years which is 7.5,
$22,500 / 7.5
= $3000
Now we will divide this amount by 2 because we have to take out expense for remaining last 6 months of 2017
$3000 / 2
= $1500
Adding the expenses for first and second half of 2017 to take out total amortization expense of 2017 -
$1100 + $1500
= $2600
2 Hired a secretary-receptionist at a salary of $320 per week payable monthly.
3 Purchased supplies on account $830. (Debit an asset account.)
7 Paid office rent of $630 for the month.
11 Completed a tax assignment and billed client $1,360 for services rendered. (Use Service Revenue account.)
12 Received $3,940 advance on a management consulting engagement.
17 Received cash of $2,950 for services completed for Ferengi Co.
21 Paid insurance expense $150.
30 Paid secretary-receptionist $1,280 for the month.
30 A count of supplies indicated that $130 of supplies had been used.
30 Purchased a new computer for $7,000 with personal funds. (The computer will be used exclusively for business purposes.)
Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Answer:
Cash 34,830
Equipment 15,540
Capital Account 50,370
no entry needed
supplies 830
account payable 830
rent expense 630
cash 630
account receivable 1,360
service revenue 1,360
cash 3,940
unearned revenue 3,940
cash 2,950
service revenue 2,950
insurance expense 150
cash 150
wages expense 1,280
cash 1,280
supplies expense 130
supplies 130
Equipment- Computer 7,000
Capital Account 7,000
Explanation:
We must always o debit = credit
and record the entries to reflect the reality.
Answer:
$136,363
Explanation:
For computing the willing amount to pay, first we have to determine the expected cash flow that is shown below:
Expected cash flow is
= $80,000 × 0.5 + $220,000 × 0.5
= $40,000 + $110,000
= $150,000
Now the willing amount is
= Expected cash flow × 1 ÷ (1 + risk free investment + risk premium)
= $150,000 × 1 ÷ (1 + 10%)
= $150,000 × 0.9090
= $136,363
$4,241.44
$4,464.67
$4,699.66
$4,947.01
Answer:
$4,947.01
Explanation:
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $50,000
Present value = $250,000
Rate of interest = 6% ÷ 12 months = 0.5 months
NPER = 4 years × 12 months = 48 months
The formula is shown below:
= PMT(Rate,NPER,PV,-FV,type)
The future value comes in negative
So, after solving this, the answer would be $4,947.01
Assuming you make an additional final (balloon) payment of $50,000 at the end of the last month, your monthly payments is:$4,947.01.
Based on the given information we would make use of financial calculator to find the PMT by inputting the below data
PMT(Rate,NPER,PV,-FV,type)
Where:
Future value= $50,000
Present value= $250,000
Interest rate= 6%/12 = 0.5%
Nper= 4 years × 12= 48 months
Hence;
PMT=$4,947.01
Inconclusion your monthly payments is:$4,947.01.
Learn more about monthly payment here:your monthly payments is:$4,947.01.
b.
The U.S. government can file a criminal lawsuit against Scissorwire Inc. to seek
Scissorwire Inc. sells shares of its stock to the public, with each share valued at $16. After a year, the company incurs a loss and the price of the stock drops to $5. The company reveals that it had deliberately not registered with the SEC before going public and that it has no money to pay the investors. Which of the following holds well in this context?
Answer
a.
Scissorwire Inc. can register with the SEC at any point after the dip in shares.
b.
The U.S. government can file a criminal lawsuit against Scissorwire Inc. to seek criminal penalties.
c.
The investors have been negligent in not verifying registration before purchase of shares and cannot rescind their purchase.
d.
Scissorwire Inc. is liable for the violation of the Securities Exchange Act of 1934.