ictor is the recipient of $1 million from a lawsuit. Victor decides to use the money to purchase a small business in Florida. His business operates in a perfectly competitive industry. If Victor would have invested the $1 million in a risk-free bond fund, he could have earned $100,000 each year. After he bought the small business, Victor quit his job as a market analyst with Research, Inc., where he used to earn $75,000 per year. Refer to Scenario 14-3. What is Victor's opportunity costs of operating his new business? a. $25,000 b. $100,000 c. $175,000 d. $75,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “ictor is the recipient of $1 million from a lawsuit. Victor decides to use the money to purchase a small business in Florida. His business ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Why are newspapers sold in vending machines that allow consumers to take more than they pay for, but items like soda and candy are sold in vending machines that only allow consumers to take one at a time?
Answers (1)
Approximately what percentage of a daily newspaper's space is given to advertising?
Answers (1)
Which method of marine fish stock assessment ultimately attempts to estimate the population size of a fish stock born in a given year, but which are now dead, by using samples collected from the commercial fish catch at the dock, year after year?
Answers (1)
For the year ended December 31, 2018, Finco Inc. reported earnings per share of $5.70. Answer the following questions: Required: During 2019, the company had a 4-for-1 stock split.
Answers (1)
What is the total monthly payment for this mortgage? Principal Per Month $750 Interest Per Month $120 Property Tax Per Year 0.5 percent of the value of the house ($140,000) Home Insurance Per Year $460 PMI Per Month $45 $1,510 $1,011.66 $1,760 $990
Answers (1)
New Questions in Business
A nut store normally sells cashews for $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 40 pounds of peanuts, the manager decided to mix the 40 pounds of peanuts with
Answers (1)
The Bolen Company forecasts that total overhead for the current year will be $8,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $10,000,000 and the actual machine hours are 80,000 hours.
Answers (1)
Four trends in the past decade have significantly influenced the landscape of global marketing. one of them is
Answers (1)
Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own.
Answers (1)
Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.
Answers (2)