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lutik1710 [3]
2 years ago
10

Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 d

ishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day making dishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. For Jerry, the opportunity cost of building a fence is _________.
Business
1 answer:
daser333 [38]2 years ago
6 0

Answer:

For Jerry, the opportunity cost of building a fence is not making 2 dishes.

Explanation:

The opportunity cost refers to the benefit you lose when you choose one option over another one. In this case, the opportunity cost for Jerry when he decides to build fences is that he won't be able to make dishes. So, as he can build 7 fences or make 14 dishes in a day, the opportunity cost of building a fence is that he won't be able to make 2 dishes.

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You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th
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Answer:

The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.

Explanation:

if the rent is paid at the beginning of the month, the present value of the lease contract will be:

PV = monthly rent x PV annuity due factor

we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568

if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor

the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287

assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57

the PV of an ordinary annuity = $2,256.29

the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%

7 0
3 years ago
So what is economics?
pishuonlain [190]

Answer: Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services.

Explanation:

6 0
3 years ago
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Name a car manufacture that are not included in this list
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Answer:

KIA, Hyundai

Explanation:

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2 years ago
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You are interested in understanding how clicks lead to a sale on your site. what do you call a click that leads to a sale on you
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Answer: Clickthrough rate

Source and explanation: <span>https://goo.gl/EfAAxu</span>
4 0
3 years ago
The following transactions were selected from among those completed by Hailey Retailers in the current year:
natali 33 [55]

The appropriate journal entry for each of these transactions,

Date                         Journal entry                        Debit                    credit

Nov 20                Cash    a/c                                441

                           credit card discount                  9

                         To sales revenue                                                        450

Nov 25        Accounts receivable                      2800

                    To sales receivable                                                   2800

Nov 28        Accounts receivable                 7200

                    To sales receivable                                               7200

Nov 30        Sales return                            600

                To account for receivable                                           600

Dec 06      Cash                                         6468

                  sales discount                         132

                 To accounts receivable                                   6600

Dec 30      Cash                                          2800

                 To accounts receivable                                   2800

Net sales:450+2800+7200-600-132

              = 9718

Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.

A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.

A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.                

Learn more about transactions here brainly.com/question/5007419

#SPJ4

6 0
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