Mark owns a ranch in colorado that costs $3.76 million per year to operate. of that, his explicit cost equals $3.29 million. therefore, his actual monetary cost of running the ranch is:

A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $28,750 of the accounts receivable balance would be uncollectible.

If marginal benefit is greater than marginal cost, output is inefficiently high. a. True b. False

Johanna is responsible for setting goals and planning at a medium-sized company. Her job tittle is director of communications. What level of manager is johanna?

If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause: a) a rightward shift of demand for margarine. b) a leftward shift of demand for margarine. c) the quantity demanded for margarine to increase.

Kansas Enterprises purchased equipment for $79,500 on January 1, 2015. The equipment is expected to have a ten-year life, with a residual value of $6,150 at the end of ten years.

The Tip-Top Paving Co. wants to be levered at a debt to value ratio of. 6. The cost of debt is 11%, the tax rate is 34%, and the cost of equity for an all equity firm is 14%. What will be Tip-Top's cost of equity?

During 2019, its second year in operation, Sanborn Company delivered goods to customers equal to $6,250,000. The amount of cash collected from customers was $6,360,000. The amount of accounts receivable at the beginning of 2019 was $1,200,000.

Louisiana Specialty Foods can produce its famous meat pies in its factory at a production rate of 1650 cases each per day. The firm distributes the pies to regional stores and restaurants whose demand is a steady demand rate of 250 cases per day.

A company that produces gift cards for various retail stores implemented a marketing campaign that for a limited time offered a 10% discount on gift cards if you purchased three or more at the same time.

A currency trader observes the following quotes in the spot market: 1 U. S. dollar = 122 Japanese yen 1 British pound = 2.25 Swiss francs 1 British pound = 1.63 U. S.