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‘Tina withdraws $20,000 from her money market account to start up her own house cleaning business. Over

Posted on October 23, 2021 By Mbol7123 3 Comments on ‘Tina withdraws $20,000 from her money market account to start up her own house cleaning business. Over

"Tina withdraws $20,000 from her money market account to start up her own house cleaning business. Over that time, the account would have earned 3 percent interest. In order to properly account for all costs of her business, Tina must not forget:"

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Comments (3) on “‘Tina withdraws $20,000 from her money market account to start up her own house cleaning business. Over”

  1. Expert says:
    October 23, 2021 at 6:30 pm

    answer assertive;

    Reply
  2. bri663 says:
    October 24, 2021 at 1:02 am

    the opportunity cost of $600

    Explanation:

    From the question, we are informed that Tina withdraws $20,000 from her money market account to start up her own house cleaning business and that over that time, the account would have earned 3 percent interest.

    In order to properly account for all costs of her business, Tina must not forget the opportunity cost of $600. This is calculated as 3% of $20,000.

    The opportunity cost is what Time had to forgoes in order to start her business.

    Reply
  3. Expert says:
    October 24, 2021 at 2:00 am

    hi there,

    do u need ? ?

    thx

    Reply

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