Opportunity cost associated with staying at her current job

Assignment Help Financial Accounting
Reference no: EM131291865

Jackie has the following information to evaluate—her current salary of $74,000 versus total revenues of $100,000 and expenses of $65,000 from starting a new business. How much is the opportunity cost associated with staying at her current job?

A) $(9,000)

B) $165,000

C) $35,000

D) $74,000

Reference no: EM131291865

Questions Cloud

Find the probability of obtaining exactly five heads : Find the probability of obtaining exactly 5 heads when a coin is tossed 10 times. The capital projects fund of Petit City paid salaries to city employees who worked on construciton of a capital project. The debit for the entry in the capital projects..
How much will profit increase : Laredo, Inc. has a contribution margin ratio of 45%. This month, sales revenue was $200,000, and profit was $40,000. If sales revenue increases by $20,000, by how much will profit increase?
What amount should be recorded as capital assets : The following general capital assets were owned by Fearville City: City Buildings: $4,100,000 Equipment: $1,100,000 Streets, sidewalks, and water mains: $2,900,000 what amount should be recorded as capital assets in the City's governmental activities..
Account for treasury stock using the cost method : The following is a summary of all relevant transactions of Vicario Corporation since it was organized in 2014. In 2014, 15,800 shares were authorized and 7,230 shares of common stock ($54 par value) were issued at a price of $61. Prepare the stockhol..
Opportunity cost associated with staying at her current job : Jackie has the following information to evaluate—her current salary of $74,000 versus total revenues of $100,000 and expenses of $65,000 from starting a new business. How much is the opportunity cost associated with staying at her current job?
Which gives it the ability to significantly influence evan : Evan Company reports net income of $170,000 each year and declares an annual cash dividend of $50,000. The company holds net assets of $2,140,000 on January 1, 2014. On that date, Shalina purchases 40 percent of the outstanding stock for $1,047,000, ..
Reporting this investment using the equity method : Panner, Inc., owns 20 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $138,750 and then sells it to Watkins for $185,000. At the end of the year, Watkins still holds only $29,100 of merchandise..
Summary using the periodic inventory system : Hall Company has the following merchandise account balances: Sales Revenue $180,000, Sales Discounts $2,000, Purchases $120,000, and Purchases Returns and Allowances $30,000. In addition, it has a beginning inventory of $40,000 and an ending inventor..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Repay the loan by making equal monthly payments

You plan to buy a second-hand car that has a total "drive-out" cost of RM25,700. You will make a down payment of RM3,598. The remainder of the car’s cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payme..

  Weber corporation has 10 million shares of a preferred stock

Weber Corporation has 10 million shares of a preferred stock issue outstanding that pays a cumulative $6 annual dividend on a quarterly basis. However, due to poor profitability the company has not paid the preferred stock dividend for the last five ..

  Why did large institutional investors not intervene sooner

How did the COMCO failure happen when the company was externally audited and how did the COMCO failure happen when the company appeared to comply with regulatory reporting requirements?

  About qualified terminable interest property

Which of the following items is not includible in the gross estate of John, the decedent? The following statements about Qualified Terminable Interest Property (QTIP) trusts are true, except:

  How would the declaration of a ten percent stock dividend

How would the declaration of a 10 percent stock dividend by a corporation affect each of the following on its books? Which of the following payroll taxes are paid by the employer?

  Prepare a classified balance sheet in good form

Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.

  Questionacme company uses the weighted-average method in to

questionacme company uses the weighted-average method in to compute product costs and reports the subsequent costs for

  Adjustment in general account balanceslisted below are the

adjustment in general account balances.listed below are the unadjusted general ledger account balances of olsen company

  Calculate the correct ending balance of cash

On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,412. The company’s cash receipts for the month total $74,420, of which $71,320 has been deposited in the bank. Prepare a bank reconciliation to calculate the c..

  Expires at the market rental applicable at renewal date

Jacob Ltd has leased a shop in a major retail district. The lease commenced on 1st July 2013 and is for 12 months. The lease payments are quarterly payments of $3,000 paid on 1st July, October, January and April with the first payment on 1st July 201..

  Basis of costs incurred and estimated costs

Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be $120,0..

  Calculating additional finance requirementsthe cfo of ipod

calculating additional finance requirements.the cfo of ipod accessories inc. has asked for your help in estimating the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd