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wel
2 years ago
11

s planning a cruise to Mexico and has a budget for new clothes of $300. The average price for a pair of shoes is $50 while the a

verage price for a suit is $100. Danielle already has 4 pairs of shoes purchased for her cruise, what is the opportunity cost of buying two more pairs of sh
Business
1 answer:
Tresset [83]2 years ago
3 0

The opportunity cost of buying two more pairs of shoe is 1 suit.

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

Opportunity cost is an economic term for expressing cost, in terms of foregone alternative.

Given the information above,

Her opportunity cost of consuming one extra pair of shoes instead of one suit

= $50 / $100

= 0.5 suit or half a suit

Her opportunity cost of consuming one suit instead of a pair of shoes

= $100 / $50

= 2 pairs of shoes

Hence, the opportunity cost of consuming 2 more pairs of shoes

= 0.5 suit x 2

= 1 suit

Learn more about opportunity cost here: brainly.com/question/14909550

#SPJ1

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Winchell wrote a contract that involves two separate performance obligations. Winchell cannot estimate the stand-alone selling p
Semenov [28]

Given :

Stand alone price of product B = $100

Price of the combined product = $120

To Find :

Stand alone price of product A

Solution :

Now,

Stand alone price of Product A = 120 - 100 = $20

The allocation ration for the product A and B =

<u>Stand alone price of product A</u>

Stand alone price of product B

<u> </u><u> </u><u>20</u><u> </u><u> </u> = 1:5

100

Allocated to the performance obligation for delivering product A =

$120 x <u> </u><u> </u><u>1</u><u> </u><u> </u><u> </u>

1+6

$17.1

So the answer is $ 17.1

Learn more about Transaction Price here:

brainly.com/question/25899244

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5 0
2 years ago
If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
exis [7]

Answer:

$580 billion

Explanation:

Given that

GNP = $600 billion

Receipts of factor income from the rest of the world = $50 billion

Payments of factor income to the rest of the world = $30 billion

So, The computation of the GDP is shown below:

= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world

= $600 billion - $50 billion + $30 billion

= $580 billion

5 0
3 years ago
Edmund stench consumes two commodities, namely garbage and punk rock video cassettes. he doesn't actually eat the former but kee
katrin2010 [14]
<span>There is no clearly defined question and grammatical errors are in the text above. That said, the text begs the question why does Edmund consume cassettes? The answer is that the cassettes attract billy goats and the goats eat the garbage. Edmund can earn a living as long as each $6 cassette attracts enough of the goats to consume 3 garbage sacks. To be profitable, one cassette must attract enough goats to consume 4 sacks of garbage.</span>
5 0
3 years ago
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for commo
inna [77]

Answer:

The Journal entries are as follows:

(i) On August 1,

Cash A/c Dr. $6,500

photography equipment A/c Dr. $33,500

               To common stock                        $40,000

(To record the issuance of common stock for cash and photography equipment)

(ii) On August 2,

Prepaid insurance A/c Dr. $2,100

           To cash                               $2,100

(To record the cash paid in advance for insurance)

(iii) On August 5,

Office supplies A/c Dr. $880

           To cash                       $880

(To record the cash paid for office supplies)

(iv) On August 20,

Cash A/c Dr. $3,331

     To photography fees earned $3,331

(To record the photography fees earned)

(v) On August 31,

Utilities A/c Dr. $675

      To cash A/c        $675

(To record the cash paid for utilities)

8 0
3 years ago
Processing a new employee's employment-related paperwork, acquiring necessary keys and identification cards, and establishing an
jeka94

The answer to this question is a part of Employee onboarding and orientation. An Employee onboarding is the process where a new employee will be welcomed in the company and will inform the new employee of the culture of the company, rules and regulations, and the new hired employee will also receives his or her identification cards, and other related paper works with regards the persons tasks. Also in the employee onboarding, the benefits of the employee are also being discussed to ensure that the new hired employee will know what are his benefits and perks.  Employee Onboarding may take at least 3 days depending on the program schedule that the human resource officer had made. 

6 0
3 years ago
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