Answer:
1. lost wages from not working full time.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
A person usually has to decide between working and going to school.
If the person decides to go to school, the opportunity cost is the wages forgone .
Travel expenses, tuition, and books are the real costs of attending college .
I hope my answer helps you
Answer:
The Boston-Amsterdam round-trip travelers are more likely to be on business, whereas the multi-city travelers going to Greece are likely to be on vacation, and therefore more price-sensitive.
Explanation:
The customers with more price- sensitivity are charge less than the customers with less price-sensitivity. multi-city travelers are more likely to be on a tour of cities and the Boston-Amsterdam travelers are likely to be on business.
Answer:
The correct answer to the following question will be "Variable Play Plan".
Explanation:
- The variable pay is the part of the gross income dictated by the performance of the employee. If workers achieve their targets, discretionary pay is given as a form of promotion, bonus pay or fee. Basic salary, on the other hand, is set and compensated regardless of whether workers achieve their objectives.
- It is the desired advantage of the company to captivate and keep employees. We want the chance to earn dynamic pay to strengthen their basic salary.
Therefore, the Variable Play Plan is the right answer.
Answer:
TRUE
Explanation:
In managerial accounting, there are 2 meanings and significance of a relevant range.
1. The relevant range is the level of activity (range) that a firm is operating i.e. the volume of its production activity.
2. The relevant range is the level of activity within which certain cost behaviors are true i.e. whether the costs by their characteristics are fixed or variable.
Beyond a relevant range, cost behaviors could change in 2 ways
1. Variable costs could start manifesting the characteristic of semi variable costs or mixed costs or
2. Fixed costs could become stepped and become stepped fixed costs.
Therefore cost estimations which is based on cost behavior are only VALID within the relevant range. It is only within a given level of output that certain cost estimations holds true.
The renewal phase is focused on increasing sales and profits due to growth in the area. The key to achieving long-term stability in this stage is to make sure those moving into the area as it's growing, know your product is available. Once they are aware of the product, they are more likely to try it and trust it.
