All categories

4 years ago

Opportunity cost refers to:

1 answer:

wel4 years ago

5 0

The definition of opportunity cost is Highest-valued option forgone

Change in opportunity cost :
When there is a change in the highest-valued option forgone, the opportunity cost will then be changed.

Hope I can help you :)
Brainliest answer?

You might be interested in

Determine the amount of depletion expense that would be recognized on the Year 1 income statement for each of the two reserves,

emmasim [6.3K]

Answer:

Kindly check the explanation section.

Explanation:

STEP ONE: calculate or Determine the depletion expense per unit. .

For oil reserves, the depletion expense = 1376000 - 0/ 257000 - 12000 = $5.76.

For timber, the depletion expense = 2080000 - 112000/ 1770000 = $1.11.

For silver mine, the depletion expense = 1840000 - 0/ 131000 = $14.05.

For Gold mine, the depletion expense = 3070000 - 0/63000 = $48.73.

STEP TWO : Determine or calculate the total depletion expense.

For the year 2018, the total depletion expense for; (a). silver mine= 14.05 × 14800 = $ 207,940.

(b). Timber = 1.11 × 51000 = $566100.

For 2019, the the total depletion expense for; (a). silver mine= 14.05 × 29000 = 407,450

(b). Timber = 1.11 × 370,000 = 410,700.

(c). Gold mine = 48.73 × 4200 = 204,666.

(d). Oil reserve = 5.76 × 83,000 = 478,080.

STEP THREE:

SILVER MINE: 1840000

- Accumulated depletion = ($ 407,450 + $ 207,940) = 615,390.

(1). Thus, 1840000 - 615,390 = 1,224,610.

GOLD MINE = 3070000.

Accumulated depletion = 204,666.

(2). Therefore, we have 3070000 - 204666 = 2,865,334.

TIMBER: 2080000.

Accumulated depletion = ( $566100 + 410,700) = 976,800.

Residual value of land = #112000.

(3). Therefore, (2080000 - 976,800) - 112,000 = 991,200.

OIL RESERVES: 1376000.

Accumulated depletion= 478,080.

(4). Therefore, 1376000 - 478,080 = 897,920.

Hence, we have the total natural resources = (1) + (2). + (3). + (4). =

1,224,610 + 2,865,334 + 991,200 + 897,920 = $ 5,979,064.

Therefore, 5,979,064 - 112,000 = $ 5,867,064.

6 0

4 years ago

What is true about investment and risk

scZoUnD [109]

Investing money is always good when the stock market is good

5 0

3 years ago

TB MC Qu. 10-90 A company purchased equipment... A company purchased equipment and signed a 7-year installment loan at 9% annual

iren [92.7K]

Answer:

$45,296.58

Explanation:

Present value is the sum of discounted cash flows

present value can be calculated usiing a finaical calculator

cash flow each year from year 1 to 7 = $9,000.

i = 9%

present value = $45,296.58

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

4 0

3 years ago

Can you guys help me real quick?

Murrr4er [49]

Answer: I don't know but I also need help with an assignment:

You wish to lift a 400 lb car engine a vertical distance of 3 ft using a strong rope. Unfortunately, your hand crank winch can only generate 100 lb of tension in your rope. In order to overcome this obstacle, you use a multiple pulley system (block and tackle) to lift the engine.

What is the mechanical advantage of this system?

What length of rope is required to complete the work?

6 0

3 years ago

In February 2008, the household survey indicated that about 250,000 people lost or left their jobs. At the same time, though, th

Nesterboy [21]

Answer:

The result can be explained by the fact that about 450,000 people got new jobs. This means that the 250,000 that left their jobs actually got new jobs in addition to 200,000 others who also got jobs (perhaps as replacements for the 250,000 that relocated jobs) after being unemployed for some time.

Another possible explanation may be as a result of some drop in the population resulting from aging and death, which causes a decline in labor force participation.

Explanation:

A drop in unemployment rates foreshadows that the economy is rebounding. This is a good sign of economic recovery. When new jobs are created due to technological advancements, people tend to move from one job to another, and those open positions are quickly refilled from the pool of the unemployed. This means that productivity will be on the increase, and the economy will be the better for it.

7 0

3 years ago