1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gala2k [10]
3 years ago
14

A ticket to an Eric Clapton concert costs $45. If you have a ticket, you can "scalp" it (sell it illegally) for $75. To a ticket

holder, the opportunity cost of actually attending the concert is
Business
1 answer:
Delvig [45]3 years ago
7 0
Opportunity cost is what you give up to do something

if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket

if you sell the ticket illegally, you get $75 at the cost of not seeing the concert


the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars
You might be interested in
The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows.
damaskus [11]

Answer:

Bramble Corp.

1. Journal Entries:

Feb. 1 Debit Cash $27,000

Credit Common Stock $18,000

Paid in excess - Common $9,000

To record the issue of 4,500 shares of common stock at $6 per share.

Mar 20: Debit Treasury Stock $6,300

Credit Cash $6,300

To record the purchase of 900 shares of treasury stock at $7 per share.

Oct. 1: Debit Dividends: Preferred $18,900

Credit Dividends payable $18,900

To record the declaration of 7% cash dividend on preferred stock.

Nov. 1: Debit Dividends payable $18,900

Credit Cash $18,900

To record dividend paid on preferred stock.

Dec. 1: Debit Dividends: Common Stock $112,050

Credit Dividends Payable $112,050

To record the declaration of dividend.

Dec. 31 Debit Dividends payable $112,050

Credit Cash $112,050

To record the payment of dividends.

Closing Journal Entries:

Dec. 31 Debit Income summary $252,000

Credit Retained Earnings $252,000

To close net income to retained earnings.

Debit Retained Earnings $130,950

Credit Dividends $18,900

Credit Dividends - Common $112,050

To close dividends to retained earnings.

2. Stockholders' Equity Section of the Balance Sheet at December 31, 2017:

Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized)

Issued and outstanding, 2,700 shares = $270,000

Common Stock ($4 stated value, 270,000 shares authorized)

Issued 229,500 shares at $4 = $918,000

Paid-in Capital In Excess of Par Value-Preferred Stock = $13,500

Paid-in Capital in Excess of Stated Value-Common Stock $441,000

Retained Earnings $740,250

Treasury Stock (5,400 common shares) ($42,300)

Total common equity       $2,070,450

Total equity = $2,340,450

3. Payout ratio:

= Total dividends/Net Income

= $130,950/$252,000

= 0.52

Earnings per share

Earnings after preferred dividends/Outstanding common stock

= $233,100/224,100

= $1.04 per share

Return on Common Stockholders' equity:

= $233,100/ $2,070,450 * 100

= 11.26%

Explanation:

a) Data

Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized)

Issued and outstanding, 2,700 shares = $270,000

Common Stock ($4 stated value, 270,000 shares authorized)

Issued 225,000 shares at $4 = $900,000

Paid-in Capital In Excess of Par Value-Preferred Stock = $13,500

Paid-in Capital in Excess of Stated Value-Common Stock $432,000

Retained Earnings $619,200

Treasury Stock (4,500 common shares) $36,000

Transaction Analysis:

Feb. 1 Cash $27,000 Common Stock, 4,500 shares $27,000

Mar 20: Treasury Stock $6,300 Cash $6,300

Oct. 1: Dividends: Preferred $18,900 Dividends payable $18,900

Nov. 1: Dividends payable $18,900 Cash $18,900

Dec. 1: Dividends: Common Stock $112,050 Dividends Payable $112,050

Dec. 31 Net Income = $252,000

Dec. 31 Dividends payable $112,050 Cash $112,050

Common Stock shares:

Beginning balance = 225,000

Treasury stock              (4,500)

Issued                            4,500

Treasury stock                (900)

Outstanding shares  224,100

Retained Earnings    $619,200

Net Income                252,000

Less Dividends:

Preferred stock            18,900

Common stock          112,050

Retained Earnings $740,250

Treasury stock (4,500 + 900) = 5,400 shares $42,300 ($36,000 + 6,300)

6 0
2 years ago
Zola just secured her first job after college, and she's heard that it's important to start investing for her retirement. She ca
Nata [24]

Answer:

IRA

Explanation:

8 0
2 years ago
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other facto
lutik1710 [3]

Answer:

The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.

Explanation:

The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.

When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.

However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.

6 0
3 years ago
_____ are all sponsored domain name extensions.<br> .com<br> .mobi<br> .gov<br> .edu
alexgriva [62]
The answer is .com..........
4 0
2 years ago
Read 2 more answers
Explain how the accounting for a fair value hedge differs for the hedged item and for the hedging item compared to the accountin
igomit [66]

A cash flow hedge is accounted for differently than a fair value hedge.

<h3>What is a Fair Value Hedge?</h3>

Fair price hedges may be used to mitigate the danger of modifications withinside the truthful marketplace price of liabilities, belongings, or different company commitments. Generally, truthful price hedges pass withinside the contrary route of the hedged object so they may be used to cancel out your losses. As a result, derivatives like alternatives and futures are fantastic examples of truthful price hedges.

<h3>What is a Cash Flow Hedge?</h3>

Cash go with the drift hedges can assist to mitigate the dangers which are related to surprising modifications in coins flows of belongings or liabilities, instead of the asset or legal responsibility itself. There are many various factors that could result in those kinds of modifications, inclusive of increases/decreases in forex rates, modifications in hobby rates, modifications in asset prices, and so on.

<h3>What’s the distinction among Cash Flow Hedge and Fair Value Hedge?</h3>

As you could see, the important thing distinction among a coins go with the drift hedge and a truthful price hedge is the hedged object. With a coins go with the drift hedge, you’re hedging the modifications in coins influx and outflow from belongings and liabilities, while truthful price hedges assist to mitigate your publicity to modifications withinside the price of belongings or liabilities. So, at the same time as truthful price hedges are first-rate acceptable to constant price items, the blessings of coins go with the drift hedges lead them to perfect for variable price items.

Learn more about Hedging on:

brainly.com/question/22282124

#SPJ4

4 0
2 years ago
Other questions:
  • Which organization sets monetary policy for the United States?
    12·2 answers
  • How does the type of product you’re considering affect your conclusions in the questions above: specifically, does it matter if
    5·1 answer
  • For which of the following would major medical coverage be useful?
    11·1 answer
  • When you begin your first full-time job, you have a monthly income of $3,500. Your federal and state taxes are $1,000. You pay $
    8·1 answer
  • Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme
    13·2 answers
  • On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $100 million. The bonds mature
    15·1 answer
  • Rick prepared financial statements for MegaCorp knowing that it was going to use his statements to apply for a loan with Big Ban
    12·1 answer
  • Which of the following post-secondary education options operates as an educational nonprofit organization who receives funding t
    14·1 answer
  • An airline has a marginal cost per passenger of $20 on a route from Detroit to New Orleans. At the same time, the typical fare c
    6·1 answer
  • Describe the slope of the supply curve. How does the slope reflect the law of supply?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!