All categories

3 years ago

When computing the opportunity cost of attending a basketball game you should include

Business

1 answer:

cestrela7 [59]3 years ago

3 0

Answer: The price you pay for the ticket and the value of your time.

Explanation: Opportunity cost is the cost of the next best alternative that is foregone. It can be calculated as the cost of the alternative chosen plus the cost of the alternative which is not chosen. So, when going for a basket ball game, the opportunity cost will include the price of the basketball game ticket as well as the value of your time. Since you could have utilized this time in doing something else more productive. So, even you time has an opportunity cost.

Thus, the correct option is price you pay for the ticket and the value of your time.

You might be interested in

New real estate disclosure regulations require sellers and their agents to tell prospective buyers about any existing problems w

Dima020 [189]

Answer: (C) Withholding information

Explanation:

The withholding information is one of the type of holding information in which we easily hold the various types of data or information deliberately in order to showing more power as compared to others.

According to the question, the agent of the real estate are withholding the data or information from the buyers and the various types of new regulations are addressing to the specific withholding information ethical problem in the market.

Therefore, Option (C) is correct.

6 0

3 years ago

Read 2 more answers

Activity-based costing (ABC) is said to result in improved costing accuracy when compared with traditional costing procedures. B

serious [3.7K]

Activity-based costing systems are greater correct than conventional costing structures. this is because they provide an extra specific breakdown of indirect prices.

Activity-based totally costing offers a greater correct approach to product/carrier costing, main to more accurate pricing decisions. It increases expertise of overheads and price drivers; and makes highly-priced and non-cost including sports greater visible, permitting managers to lessen or dispose of them.

There are pros and cons to both the traditional and the Activity-based costing gadgets. One gain of the ABC gadget is that it provides extra correct records on the charges to manufacture products, but it does not show up on the monetary statements.

The primary purpose of the usage of the activity-primarily based costing method is to increase the profitability and standard performance of a corporation. The Activity-based costing approach does this by identifying correct overhead fees and cost drivers main to extra streamlined enterprise procedures.

Learn more about Activity-based costing here: brainly.com/question/6654166

#SPJ4

6 0

2 years ago

What Image result for bot team umizoomi?

FinnZ [79.3K]

Answer:

here is bot

Explanation:

3 0

4 years ago

Read 2 more answers

Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t

frozen [14]

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

8 0

3 years ago

Read 2 more answers

Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you ca

DochEvi [55]

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

Learn more from

brainly.com/question/25015992

8 0

3 years ago