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Umnica [9.8K]
4 years ago
15

Define and compute opportunity cost

Business
1 answer:
alexira [117]4 years ago
8 0

Answer:

opopportunity cost is the value of the next best alternative or option. this value may not be measure on money

value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going

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TB MC Qu. 6-70 Awtis Corporation has a margin of ... Awtis Corporation has a margin of safety percentage of 25% based on its act
icang [17]

Answer:

$39,160

Explanation:

Awtis corporation has a margin of safety percentage of 25%

= 25/100

= 0.25

The break even point is $213,600

The variable expenses is 45%

= 45/100

= 0.45

The first step is to calculate the contribution margin ratio

Contribution margin ratio= 1-variable expenses

= 1-0.45

= 0.55

The fixed expenses can be calculated as follows

Fixed expenses= break even sales × contribution margin ratio

= $213,600×0.55

= 117,480

The total actual sales can be calculated as follows

= Break even sales/(1-margin of safety)

= $213,600/(1-0.25)

= $213,600/0.75

= $284,800

Therefore, the actual profit can be calculated as follows

Actual profit= Contribution margin ratio×sales - fixed expenses

= 0.55×284,800-$117,480

= $156,640-$117,480

= $39,160

Hence the actual profit is $39,160

7 0
3 years ago
Riley, the manager of the telecommunications department at InfoMedia Inc., posts updates on the company's online bulletin board
k0ka [10]

Answer: A. Encoding

Explanation:

Encoding is defined as the means off creation of a messages which you want to communicate with other person.

6 0
3 years ago
You deserve some points happy holidays!
andrew11 [14]

Answer:

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Explanation:

7 0
3 years ago
Read 2 more answers
Novak Corporation reported the following for 2020: net sales $1,208,000, cost of goods sold $731,100, selling and administrative
icang [17]

Answer:

The answer is given below;

Explanation:

Sales                                             $1,208,000

Less:Cost of goods sold               ($731,100)

Gross Profit                                     $476,900

Less:Selling and Admin Expenses ($336,800)

Net Profit                                          $140,100

Add:Unrealized holding gain            $24,300

Comprehensive Income                    $164,400

5 0
3 years ago
Marginal thinking is best demonstrated by:
Aleonysh [2.5K]

Answer:

The correct option is A. Marginal thinking is best demonstrated by choosing to spend one more hour studying economics because you think the improvement in your score on the next quiz will be worth the sacrifice of time.

Explanation:

Marginal thinking can be described as a form of thinking in which a person evaluates the costs as well as the benefits of doing an extra task.  The person thinks about the worth of the extra resources. For example, in the option A the person is thinking to study economics at the cost of an extra hour. This cost would benefit him to score more in the quiz which is worth the cost.  

4 0
3 years ago
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