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2 years ago

Suppose Susie can own 100 turkeys or 5 peacocks. What is the opportunity cost of owning one peacock?

1 answer:

6 0

Based on the number of peacocks and turkeys that can be owned, the opportunity cost of one peacock is<u> 20 turkeys. </u>

<h3>What is opportunity cost?</h3>

Refers to the benefit that we forego when we choose an alternative over another.

In this scenario, Susie can either have 100 turkeys or 5 peacocks. The opportunity cost of a single peacock would be:

<h3>Opportunity cost of peacock </h3>

= Number of turkey / Number of peacock

= 100 / 5

= 20 turkeys

In conclusion, opportunity cost of a single peacock is 20 turkeys.

Find out more on opportunity cost at brainly.com/question/3597509.

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Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s

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Answer:

Check the explanation

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3 years ago

Privett Company Accounts payable $33,264 Accounts receivable 67,719 Accrued liabilities 6,039 Cash 20,980 Intangible assets 39,9

xz_007 [3.2K]

The total amount of quick assets is equal to $119,232. therefore, Option B is the correct statement.

<h3>What are Quick Assets?</h3>

Quick assets encompass cash available or current assets like accounts receivable that may be transformed to cash with minimum or no discounting.

Companies have a tendency to use the short assets to cover short-time period liabilities as they arrive up, so speedy conversion into cash (excessive liquidity) is critical.

Inventories and prepaid expenses aren't quick assets due to the fact they may be hard to transform into cash, and deep discounts are sometimes needed to do so.

The amount of quick assets is equal to Accounts receivable plus Cash plus Marketable securities.

Quick assets = $67,719 + $20,980 + $30,533

Quick assets = $119,232

Hence, the total amount of quick assets is equal to $119,232. Option B is the correct statement.

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2 years ago

Which of the following accounts will give u the least access to your money

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What are the options?

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4 years ago

Read 2 more answers

Suppose Specific Automakers is considering signing a long-term contract with the union representing its workers. Specific Automa

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Answer: Worsen; benefits

Explanation:

Specific Automakers is signing a long term contract with the union who are the representative of workers.

Real wages should increase by = 2%

Expected inflation = 5%

Nominal wage increase = 7%

Actual inflation = 6%

Actual inflation is greater than expected inflation, so this would worsen the union and it is beneficial for the automakers because now real wage increase is only:

= Nominal wage - Actual inflation rate

= 7% - 6%

= 1%

This is an example of re-distributive cost of inflation.

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4 years ago