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2 years ago

What was the opportunity cost for lebron james when he determined to directly enter the nba?

1 answer:

3 0

LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.

Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.

LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft

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Wassup Mrs. Lorenzo?

Rainbow [258]

Answer:

Explanation:

before I write it, I don't really know how formal you want this to be....but here's a formal one?

Dear Mrs Lorenzo,

I hope you're having a great day. I am currently in Art class and I should be working on a project, but I don't really want to. In fact, I don't really want to be in school because I don't enjoy it at all. My mother makes me go because classes such as English are "important", but I don't really agree. I don't see the point of English. I would much rather be playing video games.

I was looking online, and i realised that there seems to be an error with my grade. Could you please explain what has happened and correct it? Thank you very much.

Yours sincerely,

whatever your name is

I'm guessing that would be formal enough if it was a school teacher, but I'm surprised you're putting all of this "i hate school" stuff in a letter to your teacher? But hey, if only I could be that frank with my teachers lol

Hope this helped - stay strong through school lol it'll be over one day

7 0

4 years ago

Stephen plans to purchase a car 5 years from now. The car will cost $43,011 at that time. Assume that Stephen can earn 7.11 perc

olga nikolaevna [1]

Answer:

$30,174.74

Explanation:

The computation of present value is shown below:-

Future value = Present value × (1 + Rate of interest ÷ 1200)^12 × time period

$43,011 = Present value × (1 + 7.11 ÷ (12 × 100)^(12 × 5)

$43,011 = Present value × (1 + 7.11 ÷ 1,200)^60

$43,011 = Present value × (1 + 0.005925 )^60

Present value = $43,011 ÷ (1 + 0.005925 )^60

= $43,011 ÷ (1.005925 )^60

= $43,011 ÷ 1.425397857

= $30,174.73317

= $30,174.74

Therefore for computing the present value we simply applied the above formula.

We also attached the spreadsheet for better understanding

In compounded monthly, the interest rate is divided by 12 months and the time period is multiplied by 12 months and the same is to be considered

8 0

3 years ago

Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small com

taurus [48]

Answer:

January

purchases = 32,800 units

required cash to pay for purchases = $24,600

February

purchases = 8,900 units

required cash to pay for purchases = $6,675

March

purchases = 7,800 units

required cash to pay for purchases = $5,850

Explanation:

each tile costs $0.75, paid in cash, three month stock

28,000 tiles in stock

estimated sales:

January 13,300
February 18,700
March 13,700
April 15,100
May 8,900
June 7,800

January

beginning inventory January 28,000

estimated sales 13,300

desired ending inventory = sales for next three months = 18,700 + 13,700 + 15,100 = 47,500

purchases = 47,500 + 13,300 - 28,000 = 32,800

required cash to pay for purchases = 32,800 x $075 = $24,600

February

beginning inventory January 47,500

estimated sales 18,700

desired ending inventory = sales for next three months = 13,700 + 15,100 + 8,900 = 37,700

purchases = 37,700 + 18,700 - 47,500 = 8,900

required cash to pay for purchases = 8,900 x $075 = $6,675

March

beginning inventory January 37,700

estimated sales 13,700

desired ending inventory = sales for next three months = 15,100 + 8,900 + 7,800 = 31,800

purchases = 31,800 + 13,700 - 37,700 = 7,800

required cash to pay for purchases = 7,800 x $075 = $5,850

3 0

4 years ago

Sally’s employer pays for 38% of her annual health insurance premium of $4,350.00. Sally pays the remaining balance by having it

Viefleur [7K]

Answer:$103.73

Explanation: Sally has her annual health insurance premium to be $4,350 per annum.

Her company pays 38% of $4,350= $1,653

Sally pays =$4,350-$1,653 = $2,697

Sally pays in 26 instalments = $2,697/26= $103.73

A sum of $103.73 will be deducted from sally's paycheck monthly.

4 0

3 years ago

An oil well cost $1,782,500 and is calculated to hold 150,000 barrels of oil. There is no residual value. Which journal entry

Annette [7]

Answer:

Explanation:

The journal entry is shown below:

Depletion expense A/c Dr $475,333

To Accumulated depletion A/c $475,333

(Being depletion expense is recorded)

The computation is shown below:

= Cost of oil well ÷ number of barrels hold × number of barrels extracted

= $1,782,500 ÷ 150,000 × 40,000

= $475,333

Simply we debited the depletion expense account and credited the accumulated depletion account

8 0

3 years ago