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Nostrana [21]
3 years ago
10

It usually takes less time to buy a six-pack of Pepsi, a loaf of bread, and a bag of potato chips at a small convenience store (

such as 7-Eleven) than at a large, full-service grocery store. Which of the following persons is most likely to buy these items at a convenience store? a. a person with a high opportunity cost of time b. a person who is out of work c. a person who works at a full-service grocery store d. a person with a low opportunity cost of time
Business
1 answer:
dybincka [34]3 years ago
6 0

Answer:

The correct answer is the option A: a person with a high opportunity cost of time.

Explanation:

To begin with, the opportunity cost of something is what the person sacrificies in order to be doing that thing. Therefore that when we talk about the opportunity cost of time it refers to what the person sacrificies in order to do something with that time. If the person has a high opportunity cost of time then the sacrificies that he made with that time will be higher than other person that has a low opportunity cost of time, meaning that the time spent by that person is less important than to the one that has a lot of time to spare.  

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Answer : true



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Why is the interest rate of a loan one of the most important things to consider when shopping around for loans?
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Read 2 more answers
What will be the depreciation, via the straight line method, if the cost of a plant is $43,250, estimated disposal value is $3,2
Alinara [238K]

Answer:

depreciation expense per year 8,000

Explanation:

<u>The first step,</u> is to calculate the depreciable amount for the asset:

cost - salvage value = amount subject to depreciation

43,250 - 3,250 = 40,000 = depreciable amount

<u>Then,</u> we calculate the depreciation per year:

depreciable amount/ useful life = depreciation per year

40,000/5 = 8,000

In some particular cases, the first year the asset enter the accounting it could be for a period of half the accounting period, so only half-year depreciation is appliedon the first year.

7 0
3 years ago
Tache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D
leonid [27]

Answer: c. $1.994

Explanation:

Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP

Total Conversion cost

= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month

= 7,840 + 203,300

= $211,140

EUP = Units completed + Percentage of ending Units completed with regards to conversion

= 92,900 + (90% * 14,450)

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8 0
3 years ago
A company is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $492,000 and
KatRina [158]

Answer:

$ 464,120

Explanation:

Calculation to determine what The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:

Estimated overhead Rate = ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )

Estimated overhead Rate = $ 492,000 / 30,000 hours

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Total amount of overhead= $ 464,120

Therefore The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:$ 464,120

8 0
2 years ago
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