Which of the following is true?

Answer:

1. a. $950,000.
2. $150,000.
3. a. $1,115,000.
4. d. -$15,000.
5. b. the difference between what a person currently makes and what they would earn in their best alternative.

Explanation:

1. Chris's accounting costs

The accounting cost reflects the explicit expenses of the venture. They are the usual costs;

= Parts and materials needed for restoration + Salaries of employees + His salary + Rent along with utilities

= 400,000 + 360,000 + 110,000 + 80,000

= $‭950,000‬

2. Chris's accounting profits

= Revenue - Accounting cost

= 1,100,000 - 950,000

= $150,000

3. Chris's economic cost

These consist of explicit costs plus implicit (opportunity) costs.

The opportunity cost represents the next best option which amounts to $275,000 should he have taken the position with Jay Leno as a personal auto restorer.

This means forgoing the $110,000 he makes currently.

= Accounting cost + Foregone salary - Current salary

= 950,000 + 275,000  - 110,000

= $1,115,000

4. Chris's economic profit

= 1,100,000 - 1,115,000

= -$15,000

5. b. the difference between what a person currently makes and what they would earn in their best alternative.

Answer:

Dow Jones Industrial Average on May 30, 2017:

As stated on valueline.com, on May 30, 2017, the Dow Jones Industrial Average concluded at 21029.47, reflecting a decrease of 50.81.

Closing index = 21029.47

minus the decline = 50.81

Opening index = 21080.28

This indicates that the opening figure was 21080.28.

Explanation:

The Dow Jones Industrial Average tracks the stock performance of 30 significant companies listed on U.S. stock exchanges. This is classified as a stock price index, alongside the S&P 500 and NASDAQ.

The opening index reflects the average price at the start of the trading day before any trades occurred. Throughout the trading period, prices likely fluctuated with various movements. By the trading day's conclusion, the closing price recorded was 21029.47, with a downward change of 50.81.

From this closing index data, one can deduce that the opening price exceeded the closing price by 50.81 or approximately 51 basis points.

Answer:

Contemporary Afro-Ecuadorians are well-known for their marimba music along with various music and dance festivals. Before the Spanish conquest of Ecuador and even prior to the emergence of the Incan empire, the area's indigenous cultures displayed vibrant musical traditions. Music was vital to the lives of ancient Andean societies, and archaeologists have uncovered several ancient instruments such as drums, flutes, trumpets, and other musical relics in old burial sites.

Additionally, the Dress Code

And the cuisine!!

Explanation:

Answer:

Such expenses are variable, as they can fluctuate based on living circumstances.

Answer:

de-industrialization

Explanation:

Deindustrialization signifies a period in social and economic history characterized by a reduction or complete removal of the industrial sector within a specific area or nation, especially concerning manufacturing or mining sectors. It is essentially the reverse process of industrialization.

This phenomenon typically occurs when industrial activities are no longer deemed economically viable. It marks a stage where industrial growth diminishes or vanishes in a certain locale, often as a result of significant social or economic changes.