All categories

1 year ago

What is paulie's opportunity cost of producing one cup of ice cream (round to two decimal places)?

Business

1 answer:

balandron [24]1 year ago

6 0

Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts.

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

The potential benefits that a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible. Understanding the potential opportunities missed when a business or individual chooses one investment over another is necessary for making wiser decisions.

To accurately calculate opportunity costs, it is necessary to balance the benefits and drawbacks of each option.

Opportunity costs have a value that can assist individuals and organizations in making more profitable choices.

Here, the opportunity cost for Paulie for ice cream will be calculated by dividing 17 by 2 Thi will be:

= 17 / 2

= 8.5 t-shirts

Therefore Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts

Learn more about opportunity cost on:

brainly.com/question/1549591

#SPJ1

You might be interested in

Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity

Leviafan [203]

Answer:

Appreciate more

Explanation:

Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

4 0

3 years ago

For each item below, indicate whether a debit or credit applies.

mrs_skeptik [129]

Answer:

1. Debit

2. Debit

3. Credit

4. Credit

5. Debit

6. Debit

7. Credit

8. Credit

9. Credit

10. Credit

Explanation:

In Financial accounting, debit refers to an entry made which would either increase an expense or asset account; therefore, decreasing an equity or liability account.

Credit refers to an entry made which would either increase an equity or liability account; therefore, decreasing an expense or asset account.

Generally, debit is an accounting entry which is made to the left of an account while credit is an accounting entry which is made to the right of an account. The standard rule is that, when a credit decreases an account, the opposite account should be increased with a debit.

1. Decrease in Notes Payable: Debit

2. Increase in Dividends: Debit.

3. Increase in Common Stock: Credit

4. Increase in Unearned Rent Revenue: Credit

5. Decrease in Interest Payable: Debit

6. Increase in Prepaid Insurance: Debit

7. Decrease in Salaries and Wages Expense: Credit

8. Decrease in Supplies: Credit

9. Increase in Revenues: Credit

10. Decrease in Accounts Receivable: Credit

8 0

3 years ago

Suppose that you are the manager of a large retail store that is currently experiencing a shoplifting problem. Every hour, $25 w

earnstyle [38]

Answer:

We will not hire a security guard.

Explanation:

Data provided

Merchandise stolen cost of every hour = $25

Hourly market wage for a security guard = $33

According to the given situation, The hourly loss is $25, and the hourly cost is $33, even if the shopkeeper keeps a security guard, then the cost per hour is $33, so the store loss increases by $33 - $25 = $8, so we will not hire the security guard to maximize the profit.

6 0

2 years ago

Exercise 14-8 Presented below are three independent situations. (a) Oriole Co. sold $1,970,000 of 12%, 10-year bonds at 102 on J

bearhunter [10]

Answer:

$116,230

Explanation:

Calculation to determine the amount of interest expense to be reported on July 1, 2017, and December 31, 2017.

First step is to find the Cash interest on the Bond calculated as:

Cash interest on the Bond = 1,970,000*12%*6/12 = $118,200

Second step is to find the Premium on Bonds Payable calculated as :

Note that (102%-100%)=2%

Hence,

Premium on Bonds Payable = 1,970,000*0.02 = 39,400

The third step is to find the Semiannual bond Premium Amorixed for both July 1, 2017, and December 31 calculated as :

Semiannual bond Premium Amorixed = 39,400/(10*2)

Semiannual bond Premium Amorixed = 39,400/20

Semiannual bond Premium Amorixed = 1,970

The last step is to calculate Interest expenses for the both July 1, 2017, and July 1, 2017, and December 31 using this formula

Interest Expenses = Cash interest - Premium amortized

Let plug in the formula

Interest expenses = 118,200-1,970 = $116,230

Therefore the amount of interest expense to be reported on July 1, 2017, and December 31, 2017 will be $116,230

7 0

3 years ago

Assume the store orders boxes in batches of 100 but no quantity discounts are given. Which of the following statements is true?

leonid [27]

Answer:

B. Monthly ordering cost is greater than monthly holding cost

Explanation:

B is correct because monthly ordering cost for 15 orders ( quantity / order size) will be 15x20 =300 Which is higher than the holding cost = 100x1 =100

4 0

3 years ago