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Finger [1]
3 years ago
14

If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 35 frozen pizzas. A

ssuming the family spends its entire budget on just these two goods, what is the opportunity cost of one can of beans in the time frame
Business
1 answer:
Fofino [41]3 years ago
6 0

Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term

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Burruss Company developed a static budget at the beginning of the company's accounting period based on an expected volume of 8,0
katrin2010 [14]

Answer:

The flexible budget would show fixed costs of $16,000

Explanation:

Meaning of Fixed cost: The fixed cost is that cost which is not have any impact on production level. It means that if the production level is increase or decrease, the fixed cost remain constant.

In the question the following information is given ,

Expected volume - 8,000 units

Per unit Revenue -  $ 4.00

Variable costs [per unit - 1.50

Contribution margin per unit -  $ 2.50

Fixed costs per unit - 2.00

Net income per unit -  $ 0.50

Actual production - 10,000 units

For computing the fixed cost under flexible budget for actual production which produces 10,000 units. The fixed cost remain same.

So, For 8000 units, the fixed cost = Units × Fixed cost per unit

                                                        =  8000 units × 2.00

                                                        =$16,000

Hence, For 10,000 units, the fixed cost would be $16,000 as fixed cost remain same.

Thus, the flexible budget would show fixed costs of $16,000

4 0
3 years ago
A stock currently sells for $49. the dividend yield is 3. 8 percent and the dividend growth rate is 5. 1 percent. What is the am
tatyana61 [14]

If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.

A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.

A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.

Dividend yield=Annual Dividend next year/Current price

Annual Dividend next year=(49*3.8%)=$1.862

Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor(    5.1%, time period)

⇒$1.862/1.051

⇒$1.77        (Approx)

Learn more about stock market here:-brainly.com/question/690070

#SPJ4

3 0
2 years ago
Determine which revision of each the following sentences provides the most clarity.
zhenek [66]

Answer:

d

Explanation:

6 0
3 years ago
Which principle of the American Free Enterprise System is described in the statement "Consumers have the right to buy and sell p
lilavasa [31]
C. Private Property
Make sure to follow @get.sendy on Instagram.
Tony Hawk follows :)
8 0
3 years ago
Most codes of ethics created by professional organizations have two main parts:________
Sveta_85 [38]

The correct answer is true.

It is completely true that most codes of ethics created by professional organizations have two main parts. One part outlines what the professional organization aspires to become, and the other part lists rules and principles by which members of the organization are expected to abide.

The code of ethics is an obligated set of ethic statements that serves one purpose in the Organization: that every member of the company follows the code directions and applies moral values in every decision-making process to have an honest company that maintains its reputation in the business and that public opinion can never question its procedures and decisions.

4 0
3 years ago
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