All categories

3 years ago

Lisa is choosing between three alternatives:

2 answers:

7 0

Opportunity cost is something you gave up to do the other thing you want to do. This is basically the loss of potential gain you can have on a certain alternative because of choosing the other alternative. In this problem, the opportunity cost of writing the term paper is $140 dollars. This can be break-down as follows:

a. $60 opportunity cost she has given up for not working on her job

b. $80 opportunity cost she has given up for not going out with a friend

Tema [17]3 years ago

3 0

Answer:

The correct answer is: $100 (dollars).

Explanation:

Opportunity cost is what a person sacrifices when they choose one option over others. It represents the difference between the choice that was taken and the options that were left on the table. Its formula is:

Opportunity Cost = FO - CO

FO = Return on best foregone option
CO = Return on chosen option

In the case, if Lisa chooses to write the term paper:

FO = Working on her job + Going out with a friend
FO = $60 + $ 80
FO = $140

CO = Writing the term paper
CO = $40

Opportunity cost = FO - CO
Opportunity cost = $140 - $40
Opportunity cost = $100

So, the opportunity cost of writing the term paper is $100.

You might be interested in

In 2017, Oriole Corporation reported net income of $1,004,700. It declared and paid preferred stock dividends of $278,600. Durin

nexus9112 [7]

Answer:

$3.62

Explanation:

The dividend distributed to common share = total net income - dividend for preferred stock

= $1,004,700 - $278,600

= $726,100

Earnings per share (EPS) = The dividend distributed to common share / common shares outstanding

= $726,100/ 200700

= $3.62

4 0

3 years ago

The best way to select a career is to research which one makes the most money. Please select the best answer from the choices pr

IgorC [24]

Answer:

FALSE

Explanation:

below are some important tips or guidelines that you should follow to choose the right career and be happy for the rest of your life.

Know Your Strengths

Every one of us has some strengths – and some weaknesses. The point is to find out what you are really good at. Are you good at telling stories? Do you find it easy to coach other writers? Do you love teaching students? There must be something that you feel passionate about and are good at doing. You need to find out what those skills and strengths are.

Create a list of skills that you have, and then pick the strongest skills from that list. Consult your friends or family for an outer perspective. If you play by your strengths, you’ll enjoy a great professional life.

Discover Your Personality Type

You might have heard about Myers-Briggs. It’s an introspective self-report questionnaire which helps you find out what type of personality you have. Different persons have different types of personalities; someone could be an introvert and someone else could be an extrovert. By knowing your personality type, you’ll be able to find out what type of work environment will suit you best.

Take a Career Test

If you are confused deciding which career is right for you, you can also go for a career test. Typically, a career test presents you with a set of questions which you need to answer in the given time-frame. A career test is aimed at assessing your skills and strengths and then suggest a career that is a good match. Once you have finished answering all the questions, you’ll be provided with 2-3 career options that suit you best and promise a satisfying life.

On the internet, you’ll find a number of career tests that you can complete within a few minutes. Many of them are free.

Seek Advice from Others

No matter where you live, you’ll always have people who are already employed, expert in a particular field or have more professional experience. Feel free to get in touch with these people and talk about your aspirations. Gather information about different occupations and industries. Ask them for advice that you can use for choosing a career that’s best for you.

Work as an Intern

Internships provide you with an excellent opportunity to lay the foundation of your career. The experience of actually working in the real world is something that you should never ignore. Working as an intern helps you find out how being in a particular job feels like, whether the work environment is up to your taste and how you get along with people in the workplace.

Internships are also highly recommended for building connections with professionals and gaining work experience that can add extra weight to a resume. An internship can be either paid or unpaid.

5 0

3 years ago

Read 2 more answers

An investor company uses the equity method to account for its investment in 25% of the outstanding common stock of an investee c

masya89 [10]

Answer:

Option A is correct.

A decrease in the Equity Investment account

Explanation:

Dividend received amount decreases the investment account. Net income interest in investee account is added to the investment account.

4 0

2 years ago

Why is simple interest useful for planning parts of your financial future? a. simple interest can endure unforeseen economic cha

deff fn [24]

A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

Simple interest allows your money to earn money, so you have to save less.

<h3>What Is Simple Interest?</h3>

Simple interest is a quick and easy method of calculating the interest charge on a loan.

Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

<h3>Where is simple interest used in real life?</h3>

Application of Simple Interest:

In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.

At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.

Learn more about simple interest here:

<h3>brainly.com/question/1325643</h3><h3 /><h3>#SPJ4</h3>

3 0

1 year ago

Which methods of evaluating a capital investment project use cash flows as a measurement basis?

bixtya [17]

The method of evaluating a capital investment project that use cash flows as a measurement basis are: Payback period, internal rate of return, and net present value.
- PAyback period, used to determine how much asset is back after the initial saving
- internal rate of return, Used to measure potential profit from an investment
- Net present value, used to determine the worth of all company's assets

6 0

3 years ago

Read 2 more answers