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bixtya [17]
3 years ago
12

In this scenario, Frankie must consider whether making one choice will force him to give up another.

Business
2 answers:
aksik [14]3 years ago
5 0
Based on the scenario above, the economic concept which Frakie is faced with is OPPORTUNITY COST. Opportunity cost refers to a benefit or value that a person could have received but which he gave up in order to take another course of action. Thus, an opportunity cost represents an alternative given up when a decision is made.
Gnom [1K]3 years ago
4 0

B. OPPORTUNITY COST !!!!!!!!!!!!!

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If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan
Anni [7]

Answer:

7,540

Explanation:

Principle is $13,000

Rate is 5.8%

Time is 10 years

Therefore the simple interest can be calculated as follows

= principle × rate × time

= 13,000 × 5.8/100 × 10

= 13,000 × 0.058×10

= 7,540

Hence the simple interest is 7,540

4 0
3 years ago
Bell Inc. took a physical inventory at the end of the year and determined that $830,000 of goods were on hand. In addition, Bell
Otrada [13]

Answer:

Bell inc should report $980,000 as the total amount of inventory at the end of the year.

Explanation:

Given information -

Inventory that were on hands - $830,000

Inventory that was in transit - $60,000

Inventory that was out on consignment - $90,000

Here for taking out the total inventory all of the given above items would be added .

Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.

Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )

Inventory at end of year - $830,000 + $60,000 + $90,000

                = $980,000

6 0
3 years ago
Firefly Inc. sold land for $225,000 cash. The land had been purchased five years earlier for $275,000. The loss on the sale was
solmaris [256]

Answer:

$225,000

Explanation:

The cash flow statement is divided into three categories investing, operating and financing. The investing activity refers to those activities which deal in buying and selling for long term asset in cash. The buying is cash outflow while the selling is a cash inflow.  So the amount reported under the investing activity is $225,000 as cash inflow.

8 0
2 years ago
Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they
Tems11 [23]

Answer:

i don't thing i understand the question.

Explanation:

3 0
2 years ago
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $
erastova [34]

Answer:

Coordination Problem

Explanation:

Below is the given values:

Average total cost of producing 10000 chairs = $300

Average total cost of producing 11000 chairs = $325

The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.

6 0
3 years ago
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