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Oliga [24]
3 years ago
8

Margo spends $30,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:

Business
1 answer:
Tju [1.3M]3 years ago
5 0

Answer:

Purchases she could have made with $30,000 plus the earnings foregone

Explanation:

Opportunity cost refers to the benefit obtained from the next best alternative.

Here, the opportunity cost of spending a year in the college is the purchases worth of $30,000 that she would have do it and the money income that she would have earned it.

Opportunity cost can be represented in terms of monetary and non monetary.

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Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pounds of materials at $7.00 per
olga55 [171]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total cost of producing 2,900 units:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= (2*7)*2,900 + (0.5*16)*2,900 + [(0.5*16)*0.6]*2,900

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Unitary cost= total cost/number of units

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Unitary cost= $26.8

3 0
3 years ago
Economic theory defines specialization as the production of one or just a few goods and services. Specialization refers to how a
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Answer:

Both countries can benefit from trade through specialization.

Explanation:

Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.  

A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.  

Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.

3 0
3 years ago
Rate the following bank accounts from most to least liquid: CD, savings account, checking account, money market account. Also ex
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D) They are ranked by how quickly we can access the cash.

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Exxon-Mobil Corp. has a dividend payout ratio of 60 percent, expects earnings per share of $6 next year (EPS1=$6), currently has
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Answer:

11.20 %

Explanation:

Solution

Recall that,

Exxon-Mobil Corp. has a dividend payout ratio = 60%

The expected earnings per share = $6

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The rate of growth = 6.2%

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The Stock Price = Expected Dividend in Year 1/(Cost of Retained Earnings – growth rate)  =

Thus,

72 = 6*60%/(Cost of retained Earnings-6.2%)

The Retained cost of  Earnings = 11.20%

Therefore, the cost of retained earnings is 11.20 %

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