An example of an explicit cost of production would be the a. lease payments for the land on which a firm's factory stands. b. value of the time the business could've spent producing something else. c. cost of forgone labor earnings for an entrepreneur. d. lost opportunity to invest in capital markets when the money is invested in one's business.

Answers

Answer 1

An example of an explicit cost of production would be the lease payments for the land on which a firm's factory stands.

What is explicit cost?

Explicit cost refers to the total expenses, expended towards the production of a product. They are expenses incurred, hence have direct impact on the purchase of factors of production.

Hence, an example of an explicit cost of production would be the lease payments for the land on which a firm's factory stands.

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Related Questions

Pam has been a secretary for two years and is now debating whether to go back to school to earn a professional accounting degree. What should she consider?
The costs and benefits of earning the degree
O The benefits only as related to salary
O The degree tuition cost only
O The number of credits needed

Answers

Pam should consider the costs and benefits of earning the degree that will give the benefits in the near future, so Pam should go back to school to earn a professional accounting degree.

What is a professional degree?

A professional degree is determined as a degree that evaluates the precocious education and that education is planned to ready the students to work in a particular field.

In the given case, Pam should weigh the costs and benefits of pursuing a degree that will provide immediate rewards, and she should return to school to pursue a professional accounting degree.

Therefore, option A is correct.

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Select all the correct answers. which three factors make starting a business a highly risky investment? high coupon rate uncertain business conditions large amount of capital low interest rates low liquidity

Answers

The three risk factors for starting a business are uncertain business conditions, low interest rates and low liquidity.

How to start a new business?

It is essential that the entrepreneur has a broader vision and determination to overcome the initial difficulties, since every business has inherent risks that can represent barriers to the success of the business.

Therefore, it is essential that there is an alignment of objectives to the structure of the business, in addition to dedication and a strategy focused on the market.

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Compared to the C corporation, the limited liability company is an attractive form of business ownership because a limited liability company ________.

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A limited liability company(LLC) does not require the firm to hold annual meetings and it can avoid double taxation. Therefore, it is an attractive form of business ownership in comparison to C corporation.

Which is better LLC or C Corp?

LLCs are taken into consideration as pass-thru entities for the cause of US taxation; they do not record taxes of their personal right, however, have their earnings mentioned in the non-public earnings tax returns of their owners. C groups record their personal tax returns.

Thus, the correct fill-in-the-blank is a limited liability company that does not require the firm to hold annual meetings and it can avoid double taxation.

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Ann is a leader who inspires her employees to look at the broad, long-term goals of her company. She is able to get her employees to find a common goal, and she really thinks outside of the box. Ann's leadership style is best described as

Answers

Based on the way that Ann inspires her employees to work towards a common goal, this is transformational leadership.

What is transformational leadership?

This is a type of leadership in which the leader motivates and inspires his or her employees to be better versions of themselves.

Long-term goals are encouraged by such leaders which is what Ann is doing. They also encourage innovation.

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The amount owed when credit is used is equal to the __________ plus __________. A. Balance. . . Tax B. Interest. . . Tax C. Principal. . . Balance D. Principal. . . Interest.

Answers

Answer:

A.Balance...Tax

Explanation:

the correct answer

Answer:

A. Balance... Tax

Explanation:

Megan and Martha own competing hair salons that are in the same neighborhood. They are both considering offering their clients discounts in order to increase business. The payoff matrix shows their yearly incomes in thousands of dollars if they offer and do not offer discounts to their customers. Martha Megan Discount No Discount Discount $50, $75 $75, $60 No Discount $35, $90 $70, $85 If both Megan and Martha did not discount, what would each earn in yearly income

Answers

Based on the given payoff matrix, if both Megan and Martha decide not to discount, Megan would earn $70,000 and Martha would earn $85,000.

What happens when Martha and Megan don't discount?

The payoff matrix shows that the figures at the intersection of when both Megan and Martha refuse to give a discount, is $70 for Megan and $85 for Martha.

Seeing as these figures are in thousands of dollars, this means that Megan gets $70,000 and Martha gets $85,000.

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Explain the difference between the terms supply and quantity supplied.

Answers

The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.

More than fifty percent of the Michigan state government is funded bythe federal government.the citizens of Michigan.the corporations in Michigan.the profits earned from investment.

Answers

The citizens of Michigan are funding more than fifty percent of the Michigan state government.

How does Michigan make its money?

Majorly the Michigan make its money from the various sources like federal aid, collection of taxes, licensing fees collection and return on investments. Michigan is the country where they collect the money from the citizen of nation.

Thus, option C is correct.

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Answer: b. the citizens of Michigan

Explanation:

Which is the following is an example of a fee that escrow could be used for?

A)points

B)processing fee

C)appraisal

D)property taxes

Answers

There are different types of fee, escrow is an example of a fee that could be used for property taxes.

What is an escrow?

An escrow is a payment made by someone or an individual who lends money.

The payment is made in the name of the borrower for taxes on property and insurance on homes.

Therefore, Escrow is an example of a fee that could be used for property taxes

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The primary purpose of the statement of cash flows is to:.

Answers

Answer:

The primary purpose of the statement of cash flows is to provide information about cash receipts, cash payments, and the net change in cash resulting from the operating, investing, and financing activities of a company during the period.

What are some of the safety precautions that the workers must follow to avoid injury in the workplace? Which precautions are the worker's responsibility? Which precautions are the employer's responsibility?

Answers

one should use appropriate tool for the appropriate work

An individual with ______ has a high degree of skill or knowledge in a subject.

Answers

Answer:

An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.

Explanation:

Answer:

The Blank is expert

Explanation:

All else equal, when the rate of growth in sales or assets in a financial plan is higher, external financing needs will be

Answers

All else equal, when the rate of growth in sales or assets in a financial plan is higher, external financing needs will be greater.

What is financial plan?

This is a document, which outline one's financial plan, including long and short terms. Financial plan helps determine short and long-term financial goals and create a balanced plan to meet those goals.

Hence, all else equal, when the rate of growth in sales or assets in a financial plan is higher, external financing needs will be greater.

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Identify the current status items that would be most helpful toward becoming a roofer. check all that apply. i am physically fit and strong. i am good at giving presentations. i took a math class and a shop class in high school. i am good at managing my own time. i took a history class and a literature class in high school. i attended a computer camp last summer to learn how to write computer programs.

Answers

The current status items that would be most helpful to be a roofer are:

I am physically fit and strong Math and shop class.Good at managing my own time.

Who is roofer?

This is known to be a person that helps to make or constructs/repairs roofs for a living.

Note that by having the skills above, one can be a good roofer and the knowledge of math will go a long way.

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Answer:

1 3 4

Explanation:

i got it right

Which of the following statements is true?
A. The World Trade Organization tries to determine who to blame in
trade disputes.
B. The World Trade Organization is only concerned with trade among
industrialized countries.
C. The World Trade Organization tries to improve trading prospects
for developing countries.
D. The World Trade Organization eventually resolves all trade
disputes successfully
SUBMIT

Answers

Answer:

C. The World Trade Organization tries to improve trading prospects

The World Trade Organization tries to improve trading prospects out of the following statements is true. The correct option is C. When countries agree to open their markets for products or services in the WTO, their commitments are "bound."

What value does the WTO bring to developing countries?

The WTO accords contain various provisions that grant developing and least-developed countries unique rights or extra leniency – "special and differential treatment." Among these are provisions that allow developed countries to treat developing countries more favorably than other WTO members.

The World Trade Organization runs the global trade rules system and assists developing countries in increasing their trade capability. It also provides a venue for its members to negotiate trade agreements and resolve trade disputes with one another.

Thus, the ideal selection is option C.

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What is Disney land? And why is it important.

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Is this a serious question?

(PLEASE ANSWER FAST) (20 POINTS)
Part of the reason you want to narrow down your focus is so that you don’t spend too much time gathering __________ that might not help you in the long run.

A. clothes
B. credits
C. friends
D. skills

Answers

Part of the reason why someone would want to narrow down their focus is so that they don't waste time accumulating clothes that won't aid them in the long run.

What is the period of long run?

The period of long run is basically not defined anywhere, because the period of long run is fully depend upon the organistions and the types of it. It is normally the period above the operating cycle.

Part of the reason for narrowing one's focus is so that they don't waste time accumulating clothes that won't help them in the long run.

Credits are treated as help in the long run because a person get money at present to do work and earn from that work, whereas the friends and the skills help the people in the lifetime.

Therefore, option A is correct.

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Which of the following statements is true?
A. There is no single, global legal system in the world today.
B. Common law always includes codified and statutory laws.
C. Labor unions are illegal in throughout Brazil and the U.S.
D. Chinese courts are independent of government.
SUBMIT

Answers

A. There is no single, global legal system in the world today.

Correct option should be A, however there is a slight chance B is correct But I am 90% sure it is A

The answer is A: There is no single, global legal system in the world today.

There are generally regarded to be 5 legal systems in the world today: civil law, common law, customary law, religious law, and mixed legal systems.

Define consumption in your own words.​

Answers

When you eat something and the food fully digests

On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.

Answers

If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not  make the proper accounting entries.


What is insurance policy?

Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.

Based on the scenario mile did not makes the proper accounting entries based on the following:

Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and  $800 increase in prepaid insurance into an asset account.

Therefore miles did not  make the proper accounting entries.

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Jackson, the owner of a t-shirt shop, attended an entrepreneurship workshop that discussed the triple bottom line, which measures an organization's ________ performance.

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The  triple bottom line, which measures an organization's social, environmental, and financial performance.

Bottom line use to measure organization performance

Social, environmental, and financial play an important role as it help to effectively and efficiently measure an organization performance.

A company or an organization that want to know how well their company is doing need to make use of the triple bottom line to measure their company or organization performance.

Therefore social, environmental, and financial   is use to measure an organization  performance.

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A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because

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A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.

What do you mean by gross pay?

Gross pay refers to the amount received by the employee without any tax deductions.

A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.

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Carlos wrote a check for $44.92 to pay his gas bill. he’ll use the check register to record his transaction. what will be his new balance?

Answers

His new balance after the check is deducted will be $370.09

How to determine his new balance?

From the complete question, we have the following parameters:

Initial Balance = $415.01 Check amount = $44.92

The new balance is then calculated using:

New balance = Initial Balance - Check

So, we have:

New balance = 415.01 - 44.92

Evaluate

New balance = 370.09

Hence, his new balance will be $370.09

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Carlo's new balance will be  $44.92 less than what he initially had in his account before the gas purchase.

What is a checkbook?

Simply put, a checkbook is a document issued by a bank to a customer which can be used to process money out of an account.

Currently, only a current account is allowed to use a checkbook.

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Explain the process that economists use to conduct a cost benefit analysis (cba)for a high speed rail

Answers

The economists conduct a cost benefit analysis using financial report of the institution.

What is cost benefit analysis?

This is thee analysis that is done by financial managers to help determine the profit made in a business with respect to the cost incurred.

A business is expected bring Profit, hence the analysis helps to know of a business is profitable.

Therefore, The economists conduct a cost benefit analysis using financial report of the institution.

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Determining correct exposure times when different cone (BID) lengths are utilized and minimizing operator exposure is determined by the

Answers

In order to determine correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, you should use inverse square law.

What is inverse square law?

Inverse square law can be defined as a scientific law which states that the intensity of a physical quantity such as gravitational force or illumination, is inversely proportional to the square of the distance from the source.

In this context, we can logically infer and logically conclude that to determine the correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, an inverse square law should be applied.

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Which of the following is a face to face meeting with a potential employer
to discuss a job opening?

job market
Job shadowing
Job interview
job description

Answers

Your answer would be a Job interview

A schedule is useful for _______. a. Visualizing all your commitments b. Solving workflow problems c. Maintaining your responsibilities d. All of the above Please select the best answer from the choices provided

Answers

A schedule is useful for visualizing all your commitments, solving workflow problems and maintaining your responsibilities.

What is the use of a schedule?

A schedule is something refer to the time that is planned in a proper way.

It is a sequential and organized time table that gives the idea about the available time, what is to be done, when is to be done and in what duration.

It saves the money and time as well.

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Adam hopes to show the bank lending manager he is meeting with that he is aware of who the target market is, who the competition is, how much money he needs, and exactly how he intends to turn a profit by supplying him with a(n) .

Answers

Based on the fact that Adam is supplying information on his target market, and competition, as well as how much he needs, this is a Business plan.

What goes into a business plan?

In order to convince an investor such as a bank to give you money, you need to give them a business plan.

This plan will include things such as who you plan to target, the amount of funding you need, and who you will be competing with. This allows the investor to assess the viability of your business.

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Innovative Products reported net income of $217,000. Beginning and ending inventory balances were $46,500 and $48,500, respectively. Accounts Payable balances at the beginning and end of the year were $41,000 and $38,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:

Answers

The Net operating cash flow of Innovative Products company would be $218,000 after taking into consideration all the required events.

What do you mean by Operating cashflows?

Operating cash flow (OCF) is a degree of the quantity of cash generated via way of means of an agency's ordinary commercial enterprise operations.

As per the info:

[tex]\rm\,Net\, Operating \, Cashflows = Net\, Profit + Decrease\, in \, Current \, Liabilities - Increase\, in \, Current \, Assets \\\\Net\, Operating \, Cashflows = \$217,000 + (\$41,000 - \$38,000) - (\$48,500 - \$46,500)\\\\Net\, Operating \, Cashflows = \$217,000 + \$3,000 - \$2,000\\Net\, Operating \, Cashflows = \$218,000[/tex]

Hence, the Innovative Products company would report a net operating cash flow of $218,000.

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An IT manager in the aviation sector checks the industry's threat intelligence feed to keep up on the latest threats and ensure the work center implements the best practices in the field. What type of threat intelligence source is the IT manager most likely accessing

Answers

The type of threat intelligence source that the IT manager most likely accessing is an information sharing and analysis center.

What is threat intelligence?

It should be noted that threat intelligence simply means the knowledge used by security agents to prevent attack.

In this case, the type of threat intelligence source that the IT manager most likely accessing is an information sharing and analysis center.

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