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Misha Larkins [42]
3 years ago
8

Looking to invest in his first pair of leather dress shoes, Sean is deciding between some Alden slip-ons and some Allen Edmonds

wingtips. The Aldens are more expensive. What is included in the opportunity cost of buying the Aldens?
A. the savings that would come from buying the wingtips
B. the classic, snazzy look that comes with wearing wingtips
C. the no-lace convenience of slip-ons
D. the money that would be spent to buy the wingtips
E. the pride that comes with wearing a pair of Alden shoes
Business
1 answer:
Gelneren [198K]3 years ago
3 0

Answer: Option (A) and (B) are correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, the opportunity cost of purchasing Aldens is the savings that is foregone and classic, snazzy look that comes with wearing wingtips.

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Answer: See explanation

Explanation:

Some of the drawbacks to transportation via pipeline include:

1. Pipeline transportation isn't flexible, it's typically a one way system and can be used for certain fixed points only. It's flexibility is poor.

2. Once it has been laid, the capacity of the pipeline cannit be increased further.

3. Once there is leakage, repairing it is a challenge as it may not be easily detected.

4. It requires huge investment to set up and maintaining it is challenging.

5. It can lead to illegal pilferage which may being about accidents and death.

8 0
3 years ago
Which of the following reflects the order of operations?
Gnesinka [82]
If you are talking about the priority of the order of operations. It is C.
5 0
3 years ago
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On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

                                                                 DBO                plan asset       EBE

opening balance                                   (600000)            832000             -

interest                                                   ( 60000)              66560            6560

current year's service cost                    (600000)                               (600000)

                                                            (  1260000 )            898560      <u> 593440</u>

 balance sheet liability = 361440

5 0
3 years ago
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You purchased 1,000 shares of stock in Natural Chicken Wings, Inc., at a price of $43.37 per share. Since you purchased the stoc
leonid [27]

Answer:

9.68%

Explanation:

Percent Return on Investment is calculated as Net Profit / Cost of Investment x 100

Net Profit= $46,620 (1,000 x $46.62 per share) + $950 (1,000 x $.95 per share) - $43,370 (1,000 x $43.37 per share) = $4,200

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Percent Return on Investment=  $4,200 / $43,370 x 100 = 9.68%

4 0
3 years ago
On January 1, 2017, Accounts Receivable and Allowance for Uncollectible Accounts for Darius Company carried balances of $20,000
kupik [55]

Answer:

(C) $745

Explanation:

The computation is given below:

For computing the bad debt  expense, first we have to determine the ending account receivable balance which is shown below:

Ending account receivable balance = Beginning account receivable + credit sales - collections - written off amount

= $20,000 + $70,000 - $74,700 - $400

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So, the bad debt expense is

= Ending account receivable × given percentage

= $15,300 × 5%

= $745

8 0
3 years ago
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