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3 years ago

What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?

Business

1 answer:

NARA [144]3 years ago

6 0

Answer:

see below

Explanation:

Opportunity cost is the value of the forfeited benefits as a result of making a decision in a certain way. Decision making involves choosing one item over others. The cost or value of the option not chosen is the opportunity cost. The value of the forfeited option is the opportunity cost.

In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test, or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.

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Those who implement the policies and plans of top management above them and supervise and coordinate the activities of the first

liq [111]

Answer:

Middle Management

Explanation:

According to my research on different business roles and responsibilities, I can say that based on the information provided within the question the role being described is called Middle Management. These are the intermediate management level of an organization that is responsible for ‘team leading’ line managers and/or ‘specialist’ line managers, as well as being responsible for lower level performance and productivity.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers?.

babunello [35]

A distribution channel is a type of marketing channel that includes a retailer or other intermediaries in the delivery of goods and services to consumers.

A distribution channel is a network of companies or middlemen (such as suppliers, distributors, shipping hubs, retailers, and the internet) that products and services go through before they are delivered to the final customer. A distribution channel is a series of establishments or middlemen where the ultimate consumer makes their purchase of a product or service.

Retailers, distributors, wholesalers, and the Internet are examples of distribution channels. Manufacturers sell to consumers directly through a direct distribution channel. Before the product reaches the customer through an indirect channel, several middlemen are involved. All products and services must follow a distribution route in order to reach their target clients. On the other hand, it also depicts the payment route taken by funds from the final customer to the initial seller.

Learn to know more about Marketing channels on

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3 0

1 year ago

For resources to be able to meet your needs, it must have attribute known as

Bogdan [553]

Not all resources of a given type are identical: Customers differ in size and profitability, staff differ in experience, and so on. This chapter will show you the following:

how to assess the quality of your resources
how resources bring with them potential access to others
how you can improve resource quality
how to upgrade the quality of an entire strategic architecture
6.1 Assessing the Quality of Resources

Few resources are as uniform as cash: Every dollar bill is the same as all the others. Most resources, however, vary in important ways:

Customers may be larger or smaller, highly profitable or less so.
Products may appeal to many customers or few, and satisfy some, many, or all of their needs.
Staff may have more experience or less, and cost you high salaries or low.
A single resource may even carry several characteristics that influence how the resource stock as a whole affects other parts of the system. Individual bank customers, for example, feature different balances in their accounts, different numbers of products they use from the bank, different levels of risk of defaulting on loans, and so on. A resource attribute is a characteristic that varies between different items in a single pool of resources. These differences within each type of resource will themselves change through time. For example, if we lose our most profitable customers our operating profits will fall faster than if we lose only average customers.

4 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

A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing togethe

Rom4ik [11]

Answer:

ROA = 11.32% ± 1%

Explanation:

Given

Return on equity = 16.9%

Sales = $1,800,000

Total debt ratio = 0.33,

Total debt = $661,000.

First, we need to calculate total assets using the following formula;

Debt Ratio = Total Debt/Total Assets

Total Assets = Total Debt/Debt Ratio.

Substitute in the values of Total Debt and Debt Ratio

Total Assets = $661,000/0.33

Total Assets = $2003030.30

Nexr, we'll calculate the total equity by employing the balance sheet relationship that total assets equal sum of total liabilities (debt) and equity.

Total assets = Total debt + Equity

Equity = Total Assets - Total Debt

Equity = $2003030.30 - $661,000

Equity = $1,342,030.3

Next, we calculate Net Income using the following formula.

Return on Equity (ROE) = Net Income/Equity

Net Income = ROE * Equity

Net Income = 16.9% * $1,342,030.3

Net Income = $226,803.1207

ROA is calculated using the following formula

ROA = Net income / Total assets

ROA = $226,803.1207 / $2003030.30

ROA = 0.113229999915627

ROA = 0.1132 --- Approximated

ROA = 11.32% ± 1%

7 0

3 years ago