This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Stan owns a software design business. He obtained a bank loan to buy computer equipment for his ... (Read 134 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Oct 8, 2019

Stan owns a software design business. He obtained a bank loan to buy computer equipment for his business. He pays $1,000 per month for interest on the loan. He has 10 employees, each of whom is paid $4,000 per month. Because his business has been successful, next month he will increase employee wages to $5,000. If the revenue from his business remains at its current level, Stan is considering an addition to his office. Which of the following statements regarding Stan's business is false?


◦

The monthly payment Stan makes for his bank loan is an implicit cost.


◦

The monthly payment Stan makes for his bank loan is a fixed cost.


◦

The time and effort Stan spends on his software design business is an implicit cost.


◦

The payments Stan makes to his employees are variable costs and explicit costs.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Yi-Chen on Oct 8, 2019

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Oct 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Oct 8, 2019
Thanks for the timely response, appreciate it

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Ultraviolet mosaic of Mira's bow shock and tail obtained using NASA's Galaxy Evolution Exp Ultraviolet mosaic of Mira's bow shock and tail obtained using NASA's Galaxy Evolution Exp
Are the resutls from the glucose strip test consistent with the results obtained from the ... Are the resutls from the glucose strip test consistent with the results obtained from the ...
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
The medical assistant holds the position of the thermometer while the temperature is being obtained. The medical assistant holds the position of the thermometer while the temperature is being obtained.
Shell-Tube CHE 413 Chemical Engineering Equipment Design Shell-Tube CHE 413 Chemical Engineering Equipment Design
The Weather Business: A Brief Overview The Weather Business: A Brief Overview
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library