Mika Withdraws $100,000 from Her Trust Fund to Start Up

question 3

Multiple Choice

Mika withdraws $100,000 from her trust fund to start up her own manicure business.The trust fund earns 4 percent interest.In order to properly account for all costs of her business,Mika must not forget:

• A) the implicit cost of $104,000.
• B) the implicit cost of $4,000.
• C) the explicit cost of $104,000.
• D) the explicit cost of $4,000.

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Definitions:

Inferior Vena Cava

The large vein that carries de-oxygenated blood from the lower and middle parts of the body into the right atrium of the heart.

Valves

Structures in the heart and veins that maintain blood flow in one direction, preventing backflow.

Coronary Artery

is a vital blood vessel that supplies oxygen-rich blood to the heart muscle itself.

Aorta

The aorta is the largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, distributing oxygenated blood to all parts of the body.