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3 years ago

An elected official is

Business

2 answers:

natima [27]3 years ago

4 0

An elected official is a person who is an official by virtue of an election

lorasvet [3.4K]3 years ago

4 0

An elect official is a person who is an official virtue by election

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If you receive a ticket to a concert at no charge, what, if anything, is your opportunity cost of attending the concert?

spin [16.1K]

Answer:

The opportunity cost of attending the concert=$0

Explanation:

An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.

The opportunity cost can be Determined using the following expression;

OC=FO-CO

where;

OC=opportunity cost

FO=return on best forgone option

CO=return on chosen option

Since in our case, the forgone option was not attending the concert, the cost would be=0

Also since the chosen option was the ticket at no charge, the cost would be=0

In our case;

OC=unknown

FO=0

CO=0

replacing;

OC=0-0=0

The opportunity cost of attending the concert=$0

7 0

3 years ago

Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are l

viktelen [127]

Answer: Only Material costs are relevant

Explanation:

The material cost under alternative X is given as $41000 while under alternative Y is given as $59000.

The processing cost under alternative X is given as $45000 while under alternative Y, the processing cost is given as $45000 as well.

Then, we can deduce that only the materials costs are relevant since the processing costs are thesame.

6 0

3 years ago

A used car costs $5000 you drive it for 4 years. You drive 10,000 miles per year. Your car insurance is $1,200 per year. You spe

BlackZzzverrR [31]

Answer:

$0.445 per mile

Explanation:

Calculation for what the average cost per mile

will be over the 4 years

First step is to calculate the Insurance cost

Insurance cost = $1,200 x 4

Insurance cost = $4,800

Second Step is to calculate the Maintenance cost

Maintenance cost = $400 x 4

Maintenance cost = $1,600

Third Step is to calculate the Total mileage

Total mileage = 10,000 miles per year x 4 years Total mileage= 40,000 miles

Fourth step is to calculate the Gas cost

Gas cost =( 1 gallon/25 miles per gallon x 40,000 miles)x $4 per gallon

Gas cost = 1,600 gallons x $4 per gallon

Gas cost=$6,400

Last step is to calculate the average cost using this formula

Average cost =Initial cost+Insurance cost+Maintenance cost +Gas cost/Total mileage

Let plug in the formula

Average cost = $5,000 + $4,800 + $1,600 + $6,400/40,000 mile

Average cost= $17,800 / 40,000 miles

Average cost = $0.445 per mile

Therefore what the average cost per mile

will be over the 4 years will be $0.445 per mile

8 0

3 years ago

It is always desirable to have a higher compounding frequency, regardless of the initial investment or the time horizon. True Fa

Katena32 [7]

Answer:

The answer is given below

Explanation:

Compounding frequency is the number of times the interest is paid in a year. A higher compounding frequency for a investment with the same initial investment and time horizon would produce more interest and profit as compared to that with a lower compounding frequency. But for a smaller initial investment or less time horizon of higher compounding frequency as compared to larger initial investment or more time horizon of lower compounding frequency, that of the lower compounding frequency is more desirable because it would produce more interest.

5 0

3 years ago

On May 1, Southern Oil Corporation purchased 2,000 shares of its $10 par value common stock at a cash price of $13/share. On Jul

ZanzabumX [31]

Answer:

May 1,

DR Treasury Stock $ 26,000

CR Cash $26,000

(To record purchase of Treasury Stock)

Working - 2,000 * $13 per share

= $26,000

July 15,

DR Cash $ $15,300

CR Treasury Stock $11,700

CR Additional Paid-in Capital $3,600

(To record sale of Treasury Stock)

Working and Notes

Cash = 900 * $17 per share = $15,300

Treasury Stock = 900 * purchase price of $13 per share = $11,700

When a stock is sold for more than it was bought or issued for, record this in the Additional Paid-in Capital account.

= Cash - Treasury

= 15,300 - 11,700

= $3,600

7 0

4 years ago