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Vsevolod [243]
3 years ago
11

Lois promised to take her nephew to the zoo on Tuesday afternoon. On Tuesday, her boss hands her a new project, due by the end o

f the day. Which of these is an opportunity cost of Lois using Tuesday to work on her project?
a. She and her nephew enjoy an afternoon at the zoo.
b. Her project will be late.
c. She could lose her job.
d. She will save the cost of two zoo tickets.
Business
2 answers:
tia_tia [17]3 years ago
8 0

Answer:

Best answer a. She and her nephew enjoy an afternoon at the zoo.

Explanation:

LenKa [72]3 years ago
6 0

Answer:

A) She and her nephew enjoy an afternoon at the zoo.

Explanation:

An opportunity cost are the extra costs incurred or benefits lost from choosing one activity or investment from another alternative.

In this case, Lois has to choose between taking her nephew to the zoo or working on the new project.

If she takes her nephew to the zoo, her opportunity cost will be not being able to work in the new project.

If she decides to work on the new project, her opportunity cost will be not being able to go to the zoo.

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Companies prefer that their working capital is a positive amount rather than a negative amount. True or false
Roman55 [17]

Answer:

True

Explanation:

The working capital is the difference between the current assets that is used in daily operations e g cash to current liabilities that are to be met in daily operations e g suppliers credit.

It's better kept at ratio 2:1 for the Company to continuously meets his obligations in order to ensure perpetuity.

5 0
3 years ago
Suppose that the price of peanuts falls from $3 to $2 per bushel and that, as a result, the total revenue received by peanut far
Arturiano [62]

Answer:

A) the demand for peanuts is inelastic          

Explanation:

Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic          

As we know that

Inelastic = When elasticity is less than one

So in the given case since the price and revenue received is decrease therefore the demand is inelastic

4 0
3 years ago
A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati
stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0
3 years ago
Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budg
kodGreya [7K]

Answer:

The following budgets are needed to calculate are as follows:

Direct labor budget

Direct materials budget

Manufacturing overhead budget

Explanation:

The three budgets put together are known as production budget which are as a result of sales budget.

When a company determines its projected sales ,it goes ahead to  prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.

In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.

8 0
2 years ago
g If Warren Buffet can beat the market using value investing, then... Group of answer choices the market is semi-strong form eff
vova2212 [387]

Answer: The market is weak form efficient

Explanation:

Weak form markets are markets in which stocks are said to incorporate all past information in their prices. Investors who believe that the market is at weak form efficiency believe that since the stock contains past information, using the current information in the company's books to determine if the company is overvalued or undervalued is possible (fundamental analysis).

Warren Buffet's Value Investing means that he invests in stocks that he believes to be undervalued and sells them for higher or holds them when they appreciate. This is consistent with fundamental analysis. If Warren Buffet is beating the market by investing in undervalued stock then the market is indeed weak form efficient.

3 0
3 years ago
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