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algol13
3 years ago
6

Abby received requests from three families to babysit a toddler for four hours on friday night. she can only babysit for one of

the three families. the fleming family offered her $20, the gilbert family offered her $30, and the lewis family offered her $40. if abby chooses to babysit for the lewis family her opportunity cost of this decision is:
Business
1 answer:
iren2701 [21]3 years ago
5 0
<span>In this case the opportunity cost is $30. Opportunity cost is the cost of forgoing the best available alternative for making a particular choice. In this case, the best alternative to Lewis family gift is the gift offered by Gilbert family and hence the opportunity cost is $30 which is the price of the gift offered by Gilbert.</span>
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if you are planning to carry a large balance on your credit card which credit card features you should look for
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You should look for low APR.
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3 years ago
The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
GREYUIT [131]

Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

5 0
3 years ago
Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a
irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

3 0
3 years ago
Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activ
olya-2409 [2.1K]

Answer:

B) = $38.44

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>

Activity rate is calculated as:

<em>Activity cost for the period / Total cost drivers for the period</em>

<u><em>Activity rate for supporting customers:</em></u>

<em>The appropriate cost driver to allocate supporting customer activity is the number of customers as given.  This is so because it is most likely that the number of customers served will be a major factor that influences the supporting customers activity costs. </em>

<u><em>Activity rate for supporting customers </em></u>

= Supporting customers overhead/total number of customers

= $34,600/(600+300)

= $38.44

5 0
3 years ago
With practical illustration, how can managers leverage on organizational behavior components to maximize business success
densk [106]

Explanation:

The study of organizational behavior in a company can be beneficial for managers to optimize people management practices.

The attitudes of employees in an organization are responsible for creating an organizational climate focused on harmony and ethics, so it is necessary for managers to know the profile and motivations of employees, to develop strategies that will help in creating a favorable organizational culture. the development of skills and abilities.

Knowing organizational human capital is extremely necessary to analyze how employees communicate individually and in teams, in order to develop tactics that maximize their potential and keep them motivated and engaged, so that there is integration and increased employee productivity, an essential factor for assist in business maximization and success.

3 0
3 years ago
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