1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina CMI [18]
3 years ago
11

1. In each of the following situations, identify which of the twelve principles is at work

Business
1 answer:
aleksklad [387]3 years ago
8 0

Answer:

a. The true cost of something in its cost of opportunity

Explanation:

Opportunity cost is the cost which is defined as the cost or expense of one item which is lost in order to get the opportunity to do or to consume something else. In simple words, it is the value or the cost of the next best available alternative.

So, when the person select to bought the textbooks through Chegg instead paying the higher price for the same books through the bookstore. Under this situation, the principle applies is the cost of something in its opportunity cost.

You might be interested in
Having a good credit score is important because
alex41 [277]
It can impact your ability to be approved for bank loans.
7 0
3 years ago
Read 2 more answers
Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sal
Ahat [919]

Answer:

The company's net operating income for May is $7,930

Explanation:

Sales revenue = $97,000

Variable costs

= $97,000 × (1 - 70%)

= $97,000 × 0.69

= $66,930

Fixed costs = $38,000

Therefore, net operating income = Sales - revenue - variable cost - fixed cost

= $97,000 - $66,930 - $38,000

= $7,930

3 0
3 years ago
Choose the term that best matches the description given.
Maksim231197 [3]
Specific Goals are goals that are specific, and example would be “I want to go to the beach and meditiate” so you would make it specific by saying in detail how you would get there like “sub” goals. Realistic Goals is when you have a goal that can be achieved. I’m not sure what a planning goal is.
4 0
3 years ago
Which staff member usually does the work of both a front desk clerk and an accounting clerk?
fomenos
D for sure is the correct answer
8 0
3 years ago
When the Sherman Antitrust Act banned businesses from "restraining trade," Samuel Dodd came up with the ______, a corporation of
arsen [322]

Answer:

Holding company.

Explanation:

A holding company normally does not have operations of its own but owns the share of other companies. They form corporate groups, so are referred to as corporate of corporates.

Holding companies work to reduce the risk of the companies they own shares in. For example the shares they hold are protected from the operations of the company, so in times of crisis there is a pool of funds the business can fall back on.

5 0
3 years ago
Other questions:
  • What is the current GDP? (Gross Domestic Product)
    12·1 answer
  • A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is c
    8·2 answers
  • Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1<000 clients per year. If the o
    11·1 answer
  • All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. T
    12·1 answer
  • On may 1, newtown motors, a used-car dealer, wrote a letter to o'reilly, which stated, "we have a 1969 pontiac firebird in mint
    14·1 answer
  • ​Bette's Breakfast, a perfectly competitive​ eatery, sells its​ "Breakfast Special"​ (the only item on the​ menu) for​ $5.00. Th
    13·1 answer
  • Suppose the U.S. Treasury announces plans to issue $50 billion of new bonds. Assuming the announcement was not expected, what ef
    6·1 answer
  • If the price of gasoline is relatively high for a long time, consumers are more likely to buy fuel-efficient cars or switch to a
    15·1 answer
  • 1. There are many different leadership theories and no ideal leadership style. Explain what "It depends" means to you in the con
    9·1 answer
  • The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 588 riders a day. Th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!