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DerKrebs [107]
3 years ago
8

Suppose you have won a free ticket to see a Bruce Springsteen concert. This ticket has no resale value. Also suppose that U2 has

a concert the same night. The U2 concert represents your next-best alternative activity to the Springsteen concert. Tickets to the U2 concert cost $62, and on any particular day, you would be willing to pay up to $134 to see U2. Assume that there are no additional costs of seeing either show. Based on the information, what is the opportunity cost of seeing Bruce Springsteen?
Business
1 answer:
steposvetlana [31]3 years ago
4 0

Answer: $72

Explanation:

Opportunity cost is the cost incurred or benefit foregone by selecting some other alternative which gives the some level of satisfaction.

It is totally depend upon the preferences of the consumers or individuals.

The opportunity cost of seeing Bruce Springsteen is $72(= $134 - $62) that is the difference between actual ticket price and willing to pay for U2 concert.

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What was one direct effect of the assembly line on labor in the early 1900s?
Elanso [62]

Answer:

A. Workers were performing repetitive tasks.

Explanation:

This is doing the same thing over and over again.

3 0
3 years ago
Bernard​ Company's budgeted manufacturing overhead is $ 2 comma 700 comma 000. Overhead is allocated on the basis of direct labo
NikAS [45]

Answer:

D. $ 45

Explanation:

According to data given in question:

Bernard​ Company's budgeted manufacturing overhead = $2,700,000

Direct labor hours for the period = 60,000 hours

As Overhead is allocated on the basis of direct labor hours.

Manufacturing overhead​ rate = $2,700,000 / 60,000 hours

Manufacturing overhead​ rate = $45 / hour

So the correct Answer is D. $ 45

5 0
3 years ago
Bernicald, a fashion e-commerce site that has openings for the posts of content analysts and Internet marketing analysts, decide
Soloha48 [4]

Answer:

The correct answer is a. external recruiting .

Explanation:

An external recruitment process, as its name implies, is the interest of a company to choose the best talent necessary to fill a certain task considering only personnel who are not directly related to the operation or are known to an employee. An external process is usually a little more delayed considering that it must exhaust several stages in order to determine the profile that best fits the internal need.

5 0
3 years ago
The following transactions occurred during December 31, 2021, for the Falwell Company.
hodyreva [135]

Answer:

Date        Account and explanation                Debit      Credit

Dec 31     Prepaid insurance                           $10,000

               ($12000*30/36)

                       Insurance expense                                  $10,000

Dec 31    Depreciation expense                      $15,000

                       Accumulated depreciation-Equipment   $15,000

Dec 31     Salaries expense                              $18,000

                       Salaries payable                                        $18,000

Dec 31     Interest expense                               $4,000

               ($200000*12%*2/12)

                       Interest payable                                         $4,000

Dec 31     Deferred rent revenue                      $1,000

                ($3000/3

                       Rent revenue                                             $1,000

Dec 31     Rent revenue                                     $2,000

                        Deferred rent revenue                             $2,000

8 0
3 years ago
Jon consulted with an accountant to prepare his tax return. He recommended the accountant to his friend saying that this year, t
miss Akunina [59]

Answer:

Jon's conclusion is not valid.

Explanation:

To a particular extent the tax to be paid by a person can be minimum 0. It can never happen that the tax is negative and tax department pays back to the client, with no tax liability.

Jon contends that from the previous year the tax paid by him is less by 150%, which cannot be true as the tax amount can be reduced by 100% making tax = 0.

Assuming tax paid last year = $100

Tax paid in current year = $100 - $100 \times 150%

= $100 - $150 = -$50

It means tax paid is negative $50, that concludes tax department paid $50 to Jon, which cannot be true.

Thus, Jon's conclusion is not valid.

8 0
3 years ago
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