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vladimir2022 [97]
3 years ago
6

Describe the opportunity cost of attending a four-year college (assuming a full-time schedule, living on-campus). Given these op

portunity costs, why do people choose a four-year college experience.
Business
1 answer:
Olegator [25]3 years ago
8 0

Answer:

Opportunity Cost refers to loss of potential gain which could've resulted from other non chosen alternatives when one opts for an alternative. It's also defined as the next best alternative.

The Opportunity Cost of attending a 4 year college with full time schedule & living on campus would be the foregone income another student earns who works in an organization for those same number of hours for the same duration of 4 years and also the fees paid for those 4 years at the college which if would've been banked or invested would've yielded a return.

The reason for choosing a four year college experience over above mentioned alternatives could be the in the form of expected higher income once an individual avails a degree.

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zaharov [31]

Answer:

Read each page and do the quizzes. After you have read through the pages of the website, assess what you learned. Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards. I do not agree with the link assessmne,t but I would be a stafe 3 on the MyersBriggs scale because odf above

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3 0
3 years ago
How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. The account balan
son4ous [18]

Answer: General Leger account balances aggregate data to determine payroll costs .

The account balances form the basis for accounting reports.

Explanation: a General ledger is defined as the central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements.

The general ledger provides information of accounting reports which in turn is used to balance aggregate data to determine payroll costs .

4 0
3 years ago
Smith Wholesale budgeted sales price is $40 per unit for an budgeted sales volume of 5,000 units. The actual performance was 5,5
alex41 [277]

Answer:

$20,000 Favorable

Explanation:

As for the provided information, we have:

Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.

Formula for the above = (Actual Sales - Budgeted Sales) \times Standard Price

= (5,500 - 5,000) \times $40

= $20,000

This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.

Therefore, Sales Volume Variance = $20,000 Favorable

8 0
3 years ago
According to the aggregate production function, gdp increases when a nation?
Gala2k [10]

According to the aggregate production function, GDP increases when a nation,

  • improves its technology, A
  • increases its stock of physical capital, K
  • increases the human capital of its workers, H

<h3>What is aggregate production function?</h3>

An aggregate production function holds constant all other production factors, like as capital, natural resources, and technology, and connects the entire output of an economy to the total amount of labour engaged in that economy. Land, labour, capital, and entrepreneurial activity are the elements that make up aggregate production function.

A method for determining productivity and economic growth is the aggregate production function. Therefore, economists use it to gauge the efficacy of the final product and the quality of the inputs. The maximum output that can be produced given the quantity of the production elements is represented by the aggregate production function. Keep in mind that the following uses lower case letters for plant level variables and capital letters for aggregate variables.

Hence, According to the aggregate production function, GDP increases when a nation,

  • improves its technology, A
  • increases its stock of physical capital, K
  • increases the human capital of its workers, H

To learn more about aggregate production function refer to:

brainly.com/question/15875528

#SPJ4

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