Answer:
The correct answer is letter "D": The football game you forego by watching the movie again.
Explanation:
Opportunity cost is what a person sacrifices when they choose one option over another. Opportunity cost is calculated by subtracting the return of the forgone option from the return of the chosen option. The result represents what was left on the table. Sometimes the chosen option can provide better returns than the forgone option and vice-versa.
In that case, the opportunity cost of watching "<em>The Dark Knight Rises</em>" one more time with a friend is the <em>football game </em>left behind.
planning is an essential part of managing an enterprise. "Strategic" plan is developed as a guide during the planning process for major policy setting and decision making.
What is Strategic plan?
Business executives use the process of strategic planning to determine the aims and objectives of their organisation as well as their long-term vision. Establishing the order in which these objectives should be accomplished can help the organisation achieve its stated vision. Although it can run longer, strategic planning frequently addresses objectives with a life cycle of three to five years. A business plan may cover a time frame of several years to several months.
Why is strategic planning important?
For firms, organisational direction and goals are crucial. Strategic planning offers that kind of guidance. A strategic plan essentially serves as a roadmap for accomplishing organisational goals. It is impossible to tell if a company is on track to achieve its goals without such guidance.
The following four factors should be taken into account when creating a strategy.
1) The mission
2) The goals
3) Alignment with short-term goals.
4) Evaluation and revision.
What are the steps in the strategic planning process?
Depending on the sort of business and the level of granularity necessary, there are a plethora of different approaches to strategic planning. These five steps can be used to outline most strategic planning cycles:
1) Identify
2) Prioritize
3) Develop
4) Implement
5) Update
To learn more about Strategic planning
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Answer:
Customers walking into the fast-food restaurants and joining the shortest queues for food, or selecting a queue from lines of equal length, instead of choosing to wait in longer queues to purchase food.
Explanation:
Answer:
The transfer payments to decrease and tax revenues to increase.
Explanation:
An automatic stabilizer is a fiscal policy tool that is used to correct the fluctuations in the economy through its normal working without any further government intervention. In case of expansion it increases taxes and reduces government spending.
An increase in the tax rates will increase the tax revenues of the government. At the same time, a reduction in government spending will decrease the transfer payments paid by the government.
Solution:
a.
N I/Y PV PMT FV
10 × 2 10 / 2 CPT
PV −1,000.00 100 / 2 1,000
10%/2=5% *1000= 50
n=20
i=5%
pmt 50
fv 1000
Answer: $1,000.00
b.
N I/Y PV PMT FV
5 × 2 10 / 2 CPT
PV −1,000.00 100 / 2 1,000
n=8
pmt 50
i 5%
fv 1000
Answer: $1,000.00
a.
Appendix D
Present value of interest payments:
PVA = A × PVIFA (5%, 20)
= $50 × 12.462
= $623.10
Appendix B
Present value of principal payment at maturity:
PV = FV × PVIF (5%, 20)
= $1,000 × .377
= $377.00
Bond price = $623.10 + 377.00
= $1,000.10
b.
Appendix D
Present value of interest payments:
PVA = A × PVIFA (5%, 10)
= $50 × 7.722
= $386.10
Appendix B
Present value of principal payment at maturity:
PV = FV × PVIF (5%, 10)
= $1,000 × .614
= $614.00
Bond price = $386.10 + 614.00
= $1,000.10
