Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club? Group of answer choices Wilson paid $120 for an outside laundry service to clean the towels used at the club. Wilson paid $100 for the pest control exterminator to spray the health club. Wilson previously worked as an accountant, earning $3,000 a month.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club? Group of answer ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Gladys learns from her agent Phil that he has just received a full price offer from a minority couple. She tells Phil to pull her property off the market. Phil calls the buyers and tells them that the home is no longer for sale.
Answers (1)
At which level of an organization are employees continuously evaluating company operations to hone the firms abilities to identify, adapt to, and leverage change?
Answers (1)
The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship between price and quantity demanded. Question 15 options: True False
Answers (1)
The formula to compute the direct labor rate variance is to calculate the difference between a. (Actual labor cost) - (Actual hours x Standard rate) b. (Standard hours x Standard rate) - (Standard labor cost) c.
Answers (1)
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,670. The balance in the firm's checkbook and Cash account on the same date was $9,832.
Answers (2)
New Questions in Business
Manufacturers follow four steps to implement a manufacturing overhead allocation system. what is the first step?
Answers (1)
The budgeted production of Capricorn, Inc. is 13 comma 000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $ 100.00 per hour. Calculate the budgeted cost of direct labor for the month.
Answers (1)
If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent. a) true b) false
Answers (1)
Journalize the entries to record the following selected transactions: Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500.
Answers (1)
Which of the following is a factor to be considered in determining a limited-life intangible asset's useful life? (a) Any legal provisions that may limit the useful life. (b) The expected useful life of any related asset.
Answers (1)