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egoroff_w [7]
4 years ago
12

A group of college students start a dog-walking service. At the end of the first month, they meet to discuss their business perf

ormance. Which statement reveals sound economic thinking in their analysis? A. We were profitable, because our total costs exceeded our total revenues. B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead. C. The ethics of dog ownership need to be evaluated before proceeding with our business. D. The only relevant consideration is the total of our explicit costs. E. We want to continue to maximize the number of utils we gain as a business.
Business
1 answer:
Daniel [21]4 years ago
5 0

Answer:

B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead.

Explanation:

When the group of college students include, in their analysis of costs, what they could have earned by working at part-time jobs instead, they are including the opportunity cost.

The opportunity cost is what is given up to do something: the cost of not choosing an alternative.

Including opportunity costs in their cost-benefit analysis reveals sound economic thinking.

You might be interested in
What is the market capitalization of Company ABC with a most recent stock price of $11.25, and the company has 8.1 million share
meriva

Answer:

$91.125 million

Explanation:

Data provided in the question:

The Recent stock price of Company ABC = $11.25

Number of shares of common stock outstanding = 8.1 million

Now,

The market capitalization of Company ABC

= stock price × Number of shares of common stock outstanding

or

The market capitalization of Company ABC = $11.25 × 8.1 million

or

The market capitalization of Company ABC = $91.125 million

6 0
3 years ago
________ strategies are the short-term goal-directed decisions and actions of the organization's various departments.
shusha [124]

Answer:

e. functional is your answer

3 0
3 years ago
The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $510 $540 $600 $75
mel-nik [20]

Answer:

The correct answer are $525, $525, $570 and $675 respectively.

Explanation:

According to the scenario, the computation of the given data are as follows:

Collection period = 45 days

Days in one quarter = 90 days

So, Amount collected during the quarter = ( 90 - 45) / 90 = 1/2 of current sales + Beginning Accounts receivables

So, we can calculated the cash collection as follows:

                                                  Q1        Q2      Q3         Q4

Beginning A/c. receivables     $270     $255      $270      $300

Sales                                     $510      $540      $600      $750

Cash Collections                     $525      $525      $570      $675

Ending A/c Balance             $255      $270      $300       $375

Note: Ending balance is the beginning balance for next quarter.

6 0
3 years ago
Suppose that in the last year consumers spent $14 billion on durable goods, $35 billion on non-durable goods, and $46 billion on
murzikaleks [220]

Based on the amount that consumers spent on the various types of goods, the consumption for that year would equal $95 billion.

<h3>What was the consumption last year?</h3>

The consumption spending is everything that consumers spent in a year so in this case that would be:

= Durable goods + Non-durable goods + Services

Solving gives:

= 14 + 35 + 46

= $95 billion

In conclusion, $95 billion was spent on consumption.

Find out more on the use of consumption spending at brainly.com/question/25947470.

8 0
2 years ago
The target allocation for a specific asset class has been set at 20% of total assets under an asset allocation scheme. The manag
torisob [31]

Answer:

C. tactical asset management

Explanation:

Selecting the percentage of total asset to be allotted to a given asset is known as strategic asset management. The percentage of variation from which the asset manager can choose from is called Tactical asset management, so that the manager can take advantage of opportunities within the market.

Tactical asset management is a constantly changing investment strategy that deliberately changes portfolio asset allocation so as to maximize market opportunities.

7 0
3 years ago
Read 2 more answers
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