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Westkost [7]
3 years ago
9

Suppose that you prefer reading a book you already own to watching TV and that you prefer watching TV to listening to music. If

these are your only three choices, what is the opportunity cost of reading?
a. watching TV and listening to music
b. watching TV
c. listening to music
d. sleeping
e. the price of the book
Business
1 answer:
Irina18 [472]3 years ago
5 0

Answer:

B. Watching TV

Explanation:

Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.

Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.

As per given preferences : Book Reading > Watching TV > Listening Music

( '>' refers to preferred over)

The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.

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Kramer company started its production operations on August 1st. During August, the printing Department completed 17,600 units. T
Dima020 [189]

Answer:

Costs of goods transferred out is  $ 785,840

Value of ending inventory is  $26,268

Explanation:

The equivalent units of material cost is computed thus:

Completed units  17600*100% =17,600

Ending inventory 4,400*80%    =3,520

Equivalent units                           21,120

material unit cost =Accumulated materials cost/equivalent units

material unit cost=$45,408/21,120

                            =$2.15

Equivalent units of conversion cost is calculated thus:

Completed units 17,600*100%= 17,600

Ending inventory 4,400*10%  =      440

Equivalent units                         18,040

Conversion unit cost=Conversion costs/equivalent units

                                   =$766,700/18,040

                                   =$42.5

Cost of goods transferred out:

Material costs  17,600*100%*$2.15       =$37,840

Conversion costs 17,600*100%*$42.5 =$ 748,000

Total costs                                                $ 785,840

Costs of ending inventory:

Material costs 4,400*80%*$2.15                = $7,568

Conversion costs 4,400*10%*$42.5           =$18,700

Total cost                                                        $26,268

                                   =

7 0
3 years ago
What gives the us government the right to collect taxes?
irakobra [83]
The sixteenth amendment 
8 0
3 years ago
Read 2 more answers
NuKere, a nuclear plant, accidentally leaks hazardous waste onto a nearby property, despite having recently passed a rigorous se
ioda

Answer:

a.) Nukere should be held liable because of the dangerous nature of hazardous waste. Regardless of safety checks, the accident happened.

Explanation:

"Nuclear power plants" are known to be<em> the most reliable source of electricity</em> there is in the world. However, they pose some<em> risks</em> especially when it comes to the possibility of a nuclear accident happening.

When it comes to "nuclear third party liability," a strict liability of the nuclear operator means that the victim has no fault in any situation that might occur. This means that <em>the operator is responsible or liable</em> of the power plant's dangerous nature of hazardous wastes.

Whether or not they have recently passed safety checks, there is no need for them to prove anything on he is at fault. So, <u>this makes Nukere liable for the situation.</u>

This explains the answer.

4 0
3 years ago
On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurre
marissa [1.9K]

Answer:

Assets = $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

Explanation:

Using The basic equation we add the transaction to arrive at the actual amounts.

Assets = Liabilities + Owner's Equity

1.   50,000=                    50,000

Cash +Assets = Liabilities + Owner's Equity

2.    35,800 +14,200=                 50,000

Cash +Assets = Liabilities + Owner's Equity- Rent Expense

3) 33600+ 14200 =                     50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

4) 33600+ 14200+ 4900= 4900 +  50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

5) 33600+ 19,100 + 3,400= 4900+ 3400 +  50,000 - 2,200

Cash +Canoes + Office Equip = Liabilities + Owner's Equity- Rent Expense

6) 33225+22500+ 375= 8,300 +  50,000 - 2,200

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense

7) 33225+22500+ 375+ 1350 = 8,300 +  50,000 - 2,200+ 1350

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense- drawings

8) 31425+22500+ 375+ 1350 = 8,300 +  50,000 - 2,200+ 1350-1800

We get

Cash = 31425

Kayak And Canoe 22500

Office Equipment= 375

Accounts Receivable= 1350

Accounts Payable = 8300

Capital less Drawings= 50,000- 1800= 48,200(850)= 47350

Revenue- Expenses = 1350 -2200= (850)

Assets = Cash +Kayak And Canoe +Office Equipment+ Accounts Receivable = 31425 +22500 + 375 +1350= $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

6 0
3 years ago
How can surveys and questionnaires be used to gather data for informal reports?
zavuch27 [327]

Answer:

<em>Surveys and questionnaires allow you to collect data efficiently and economically from groups of people.</em>

Explanation:

<em>Surveys are research  often used to assess opinions, thoughts, and feelings of people towards a subject area or environment. it can either be limited or specific or they also can have more widespread goal which can be global.</em>

<em>Questionnaires is a set of questions written or printed with answer choices , devised for the purposes of  a statistical study or survey.</em>

6 0
3 years ago
Read 2 more answers
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