<span>Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.
Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.</span>
Answer:
Depreciation: $4,000.00
Variable costs : $914.81
Explanation:
The value of the car when new = $19,860.00
Values after two years =$11,860.00
Accumulated depreciation for two years
= $19,860.00 - $11,860.00
=$8,000.00
Assuming straight depreciation method, depreciation each of the two years
=$8,000.00/2
=$4,000.00
Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.
Variable costs = $845.96 + $68.85
Variable costs = $914.81
Answer:
demand for pesos would fall and supply would rise. their value would decrease as a result
Explanation:
Inflation is a persistent rise in general price level.
When there is high inflation in a country, the demand for the currency would fall because the value of the currency is low. this fall in demand coupled with the excess supply of the currency would lead to a fall in the value of the currency.
Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
Greer decision is linked with the inconsistency of the quality of services.
<u>Explanation:
</u>
The consistency with which the service attributes anticipated for customers are delivered is a reliable measurement of total quality in the service industry. Consistency defines how sometimes you demonstrate and offer your clients the desired service quality.
Consistency of service is always expected by all customers; they want calm and no disagreeable surprises. In manufacturing, performance improvement is accomplished via a technique called statistical control of processes or SPC to minimize system uncertainty or variability.
For example, you can't create a consistent quality of service if you're prompt, correct and polite to certain of your customers, sometimes in all your branches. Therefore to say, good service turns into an error. Credibility will not be lasting or successful.
