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aalyn [17]
1 year ago
6

A consumer must decide between purchasing a new cell phone or renting a new car. Why might determining the opportunity cost be u

ncertain
Business
1 answer:
Daniel [21]1 year ago
4 0

When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.

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

The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.

Hence, the significance of opportunity costs is given above.

Learn more about opportunity cost here:

brainly.com/question/13036997

#SPJ1

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An electronic card that is directly connected to a checking account is known as a ____.
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C) Credit card is an electronic card directly connected to a checking account
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Upper management of a clothing store in the mall has decided that a good way to motivate employees is to consult with them about
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Answer:

Consider the following analysis.

Explanation:

The manager's assumption is that the employee work only for their own benefits and they need immediate punishment for poor work, intermediation, and minute-level supervision. This proves that he uses Theory X.

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So, the first option should be correct.

Equity theory is something not contextual here. Equity theory works on the reduction of perceived inequality in the input and output of the employees as a means of motivation.

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3 years ago
The lack of a national law requiring seat belts on school buses is a serious problem in the united states. last year alone, 437
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CVP analysis—what-if questions; sales mix issue Miller Metal Co. makes a single product that sells for $32 per unit. Variable co
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Answer: See explanation

Explanation:

a. Calculate the number of units that must be sold each month for the firm to break even.

Breakeven units = Fixed cost / Contribution margin per unit

= $47600 / ($32 - $20.80)

= $47600 / $11.20

= 4250 units

b. Calculate the margin of safety and the margin of safety ratio.

Margin of safety = $418000 - ($32 × 4250)

= $418000 - $136000

= $282000

Margin of safety ratio = $282000/$418000 = 0.68

c. Calculate operating income if 7,000 units are sold in a month.

= [($32 - $20.80) × 7000] - $47600

= $78400 - $47600

= $30800

d. Calculate operating income if the selling price is raised to $47 per unit, advertising expenditures are increased by $8,000 per month, and monthly unit sales volume becomes 7,600 units.

Sales = 7600 × $47 = $357200

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Contribution = $199120

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Operating income = $143520

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2 years ago
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
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Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

Download xlsx
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